Kinder Morgan (NYSE:KMI) Price Target Raised to $31.00

Kinder Morgan (NYSE:KMI) had its price target raised by Truist Financial from $25.00 to $31.00 in a research report released on Thursday,Benzinga reports. They currently have a hold rating on the pipeline company’s stock.

A number of other analysts have also recently commented on the company. Royal Bank of Canada upped their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Barclays upped their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. UBS Group boosted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Scotiabank began coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus target price of $28.92.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $30.23 on Thursday. The firm’s 50-day moving average price is $28.03 and its 200-day moving average price is $24.44. Kinder Morgan has a 52-week low of $16.47 and a 52-week high of $31.48. The company has a market cap of $67.16 billion, a PE ratio of 25.84, a PEG ratio of 4.13 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. As a group, analysts anticipate that Kinder Morgan will post 1.27 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred 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 owns 879,652 shares of the company’s stock, valued at $24,049,685.68. This represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amy W. Chronis acquired 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 55,121 shares of company stock valued at $1,497,000. Company insiders own 12.64% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AE Wealth Management LLC boosted its stake in Kinder Morgan by 9.3% in the 2nd quarter. AE Wealth Management LLC now owns 46,888 shares of the pipeline company’s stock worth $932,000 after purchasing an additional 4,003 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Kinder Morgan by 14.6% during the second quarter. Sei Investments Co. now owns 803,815 shares of the pipeline company’s stock worth $15,973,000 after buying an additional 102,447 shares during the period. 1832 Asset Management L.P. acquired a new position in shares of Kinder Morgan in the 2nd quarter valued at $2,561,000. EverSource Wealth Advisors LLC raised its stake in Kinder Morgan by 25.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 9,497 shares of the pipeline company’s stock worth $201,000 after acquiring an additional 1,931 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Kinder Morgan by 60.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 382,549 shares of the pipeline company’s stock worth $7,601,000 after acquiring an additional 143,705 shares during the period. 62.52% of the stock is currently owned by hedge funds and other 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.