Kinder Morgan (NYSE:KMI) Price Target Raised to $27.00 at Royal Bank of Canada

Kinder Morgan (NYSE:KMI) had its price target boosted by Royal Bank of Canada from $26.00 to $27.00 in a research report released on Monday,Benzinga reports. The firm currently has a sector perform rating on the pipeline company’s stock.

A number of other equities research analysts have also recently commented on the stock. UBS Group raised their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Mizuho raised their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group upped their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Truist Financial upped their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, Scotiabank started coverage on shares of Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.64.

Kinder Morgan Trading Down 0.9 %

KMI opened at $26.76 on Monday. Kinder Morgan has a twelve month low of $17.45 and a twelve month high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The company has a fifty day moving average of $27.75 and a 200-day moving average of $25.65. The stock has a market cap of $59.45 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, sell-side analysts predict that Kinder Morgan will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.30%. Kinder Morgan’s payout ratio is currently 98.29%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the transaction, the president now owns 843,652 shares of the company’s stock, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 111,461 shares of company stock worth $3,012,016. 12.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kinder Morgan

A number of large investors have recently modified their holdings of KMI. Norges Bank bought a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $917,523,000. Raymond James Financial Inc. purchased a new stake in Kinder Morgan in the fourth quarter valued at approximately $157,804,000. Blackstone Inc. raised its stake in Kinder Morgan by 435.0% in the fourth quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company’s stock valued at $119,416,000 after purchasing an additional 3,543,670 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in Kinder Morgan in the fourth quarter valued at approximately $87,729,000. Finally, Amundi raised its stake in Kinder Morgan by 28.9% in the fourth quarter. Amundi now owns 11,819,777 shares of the pipeline company’s stock valued at $334,381,000 after purchasing an additional 2,650,040 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Company Profile

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.