Stifel Nicolaus Increases Kinder Morgan (NYSE:KMI) Price Target to $23.00

Kinder Morgan (NYSE:KMI) had its price objective raised by Stifel Nicolaus from $22.00 to $23.00 in a research note released on Tuesday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the pipeline company’s stock.

KMI has been the topic of several other reports. JPMorgan Chase & Co. lifted their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a neutral rating in a report on Thursday, July 25th. UBS Group boosted their target price on Kinder Morgan from $22.00 to $24.00 and gave the stock a buy rating in a research note on Wednesday, June 12th. Argus upgraded Kinder Morgan from a hold rating to a buy rating and set a $24.00 price target for the company in a research note on Friday, July 19th. Tudor Pickering upgraded Kinder Morgan to a strong-buy rating in a research note on Thursday, May 30th. Finally, Barclays increased their price objective on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an equal weight rating in a research report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $22.20.

Kinder Morgan Price Performance

Shares of KMI stock opened at $21.57 on Tuesday. The stock’s 50-day moving average is $20.70 and its 200 day moving average is $19.24. Kinder Morgan has a 1-year low of $15.89 and a 1-year high of $21.86. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The company has a market cap of $47.87 billion, a P/E ratio of 19.61, a PEG ratio of 2.92 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.24 earnings per share. Research analysts predict that Kinder Morgan will post 1.2 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a yield of 5.33%. Kinder Morgan’s payout ratio is 104.55%.

Insider Transactions at Kinder Morgan

In related news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares of the company’s stock, valued at $6,455,589. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the transaction, the vice president now owns 25,169 shares of the company’s stock, valued at approximately $534,841.25. The disclosure for this sale can be found here. Insiders have sold a total of 148,311 shares of company stock valued at $3,121,891 in the last ninety days. 12.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kinder Morgan

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Silver Oak Securities Incorporated boosted its holdings in shares of Kinder Morgan by 308.1% during the 4th quarter. Silver Oak Securities Incorporated now owns 18,744 shares of the pipeline company’s stock worth $331,000 after purchasing an additional 14,151 shares during the last quarter. Gilbert & Cook Inc. raised its holdings in shares of Kinder Morgan by 2.2% during the 4th quarter. Gilbert & Cook Inc. now owns 31,525 shares of the pipeline company’s stock worth $556,000 after acquiring an additional 682 shares during the period. Choreo LLC boosted its position in shares of Kinder Morgan by 106.5% during the 4th quarter. Choreo LLC now owns 21,109 shares of the pipeline company’s stock valued at $372,000 after acquiring an additional 10,886 shares during the last quarter. Guyasuta Investment Advisors Inc. boosted its holdings in Kinder Morgan by 12.3% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 16,552 shares of the pipeline company’s stock valued at $292,000 after purchasing an additional 1,807 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in shares of Kinder Morgan by 31.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 116,917 shares of the pipeline company’s stock valued at $2,062,000 after buying an additional 27,834 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

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.