Kinder Morgan (NYSE:KMI - Get Free Report) had its target price boosted by investment analysts at Barclays from $24.00 to $27.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the pipeline company's stock. Barclays's target price would suggest a potential upside of 1.31% from the company's current price.
Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group upped their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Stifel Nicolaus increased their price objective on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a "hold" rating in a report on Tuesday, August 27th. Royal Bank of Canada increased their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a report on Tuesday, October 22nd. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a report on Friday, October 18th. Finally, Truist Financial increased their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a "hold" rating in a report on Thursday, October 17th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan has an average rating of "Moderate Buy" and a consensus price target of $26.00.
Read Our Latest Stock Report on Kinder Morgan
NYSE:KMI traded up $0.09 during mid-day trading on Tuesday, hitting $26.65. The company's stock had a trading volume of 4,713,357 shares, compared to its average volume of 13,735,175. Kinder Morgan has a 1 year low of $16.47 and a 1 year high of $28.81. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The stock has a market cap of $59.21 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 3.88 and a beta of 0.95. The business's fifty day moving average is $26.23 and its two-hundred day moving average is $22.76.
Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company's revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the company posted $0.25 EPS. Analysts anticipate that Kinder Morgan will post 1.18 EPS for the current fiscal year.
In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the sale, the president now directly owns 879,652 shares of the company's stock, valued at approximately $24,049,685.68. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the sale, the director now directly owns 6,809,858 shares of the company's stock, valued at approximately $168,543,985.50. This trade represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 727,263 shares of company stock worth $18,075,634 over the last 90 days. Corporate insiders own 12.64% of the company's stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan in the third quarter valued at $28,000. HWG Holdings LP purchased a new stake in shares of Kinder Morgan in the second quarter valued at about $30,000. Planning Capital Management Corp raised its holdings in shares of Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company's stock valued at $30,000 after buying an additional 797 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Kinder Morgan in the second quarter valued at about $31,000. Finally, HM Payson & Co. raised its holdings in shares of Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock valued at $32,000 after buying an additional 1,145 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.
Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Kinder Morgan, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kinder Morgan wasn't on the list.
While Kinder Morgan currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.