Barclays Forecasts Strong Price Appreciation for Kinder Morgan (NYSE:KMI) Stock

Kinder Morgan (NYSE:KMI) had its target price hoisted by analysts at Barclays from $24.00 to $27.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the pipeline company’s stock. Barclays‘s price target would indicate a potential upside of 4.53% from the company’s previous close.

Other analysts have also issued reports about the stock. Truist Financial raised their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. UBS Group boosted their price target on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Royal Bank of Canada raised their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus upped their target price on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Finally, The Goldman Sachs Group lifted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and an average target price of $26.25.

Kinder Morgan Trading Down 2.9 %

Shares of NYSE:KMI opened at $25.83 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The stock’s 50-day moving average is $26.34 and its 200-day moving average is $22.83. The company has a market cap of $57.38 billion, a P/E ratio of 22.66, a P/E/G ratio of 3.88 and a beta of 0.95. Kinder Morgan has a 52-week low of $16.47 and a 52-week high of $28.81.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the firm earned $0.25 earnings per share. The business’s quarterly revenue was down 5.3% on a year-over-year basis. Equities research analysts predict that Kinder Morgan will post 1.18 earnings per share for the current year.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was 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 $24,049,685.68. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 727,263 shares of company stock worth $18,075,634. Insiders own 12.64% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in Kinder Morgan by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock worth $335,891,000 after purchasing an additional 257,658 shares during the last quarter. Kayne Anderson Capital Advisors LP raised its position in shares of Kinder Morgan by 0.7% during the third quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock worth $233,050,000 after acquiring an additional 69,307 shares during the last quarter. First Pacific Advisors LP lifted its stake in shares of Kinder Morgan by 2.0% during the second quarter. First Pacific Advisors LP now owns 8,198,954 shares of the pipeline company’s stock valued at $162,913,000 after acquiring an additional 163,294 shares during the period. Barclays PLC boosted its holdings in Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after acquiring an additional 2,334,273 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Kinder Morgan by 20.6% in the second quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock worth $154,409,000 after purchasing an additional 1,328,082 shares during the period. 62.52% of the stock is 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.