Citigroup Issues Positive Forecast for Kinder Morgan (NYSE:KMI) Stock Price

Kinder Morgan (NYSE:KMI) had its target price upped by Citigroup from $25.00 to $28.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the pipeline company’s stock. Citigroup’s price objective points to a potential upside of 1.91% from the company’s current price.

Other research analysts have also recently issued research reports about the company. UBS Group increased their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday. Morgan Stanley increased their price target on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Wells Fargo & Company raised their price target on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Barclays increased their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Finally, Scotiabank assumed coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and an average price target of $29.14.

Kinder Morgan Stock Performance

KMI stock opened at $27.48 on Wednesday. The firm has a market cap of $61.04 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 4.13 and a beta of 0.94. Kinder Morgan has a twelve month low of $16.47 and a twelve month high of $31.48. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The business’s fifty day simple moving average is $28.01 and its two-hundred day simple moving average is $24.60.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.10%. Analysts predict that Kinder Morgan will post 1.27 earnings per share for the current year.

Insider Activity

In other Kinder Morgan news, Director Amy W. Chronis purchased 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the sale, the president now owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,121 shares of company stock valued at $1,497,000. Company insiders own 12.81% of the company’s stock.

Institutional Trading of Kinder Morgan

A number of hedge funds have recently modified their holdings of KMI. Barclays PLC grew 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 purchasing an additional 2,334,273 shares during the period. National Bank of Canada FI increased its holdings in Kinder Morgan by 295.5% in the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock worth $64,879,000 after acquiring an additional 2,194,489 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Kinder Morgan by 1,849.7% during the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after purchasing an additional 2,053,612 shares in the last quarter. Jennison Associates LLC grew its position in shares of Kinder Morgan by 847.4% in the fourth quarter. Jennison Associates LLC now owns 1,475,187 shares of the pipeline company’s stock valued at $40,420,000 after purchasing an additional 1,319,474 shares during the period. Finally, Retirement Systems of Alabama increased its stake in shares of Kinder Morgan by 295.2% during the third quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock worth $37,185,000 after purchasing an additional 1,257,428 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

About Kinder Morgan

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.