Kinder Morgan (NYSE:KMI) Price Target Raised to $37.00

Kinder Morgan (NYSE:KMI) had its target price increased by investment analysts at Mizuho from $31.00 to $37.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the pipeline company’s stock. Mizuho’s price objective suggests a potential upside of 9.86% from the stock’s current price.

KMI has been the topic of a number of other reports. Jefferies Financial Group upped their target price on shares of Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. Morgan Stanley lifted their price objective on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Barclays restated an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. TD Cowen upped their target price on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.08.

Kinder Morgan Stock Down 0.7%

Shares of NYSE KMI traded down $0.24 during midday trading on Thursday, reaching $33.68. The company’s stock had a trading volume of 433,219 shares, compared to its average volume of 14,333,501. Kinder Morgan has a fifty-two week low of $23.94 and a fifty-two week high of $34.24. The stock has a 50 day simple moving average of $29.91 and a 200-day simple moving average of $28.04. The stock has a market capitalization of $74.93 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 2.74 and a beta of 0.68. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 EPS. Equities research analysts predict that Kinder Morgan will post 1.25 earnings per share for the current year.

Insider Activity

In other Kinder Morgan news, CFO David Patrick Michels sold 20,000 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 139,428 shares in the company, valued at $4,182,840. This represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Anthony B. Ashley sold 8,000 shares of Kinder Morgan stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total value of $255,600.00. Following the completion of the transaction, the vice president owned 100,146 shares in the company, valued at approximately $3,199,664.70. The trade was a 7.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 46,498 shares of company stock valued at $1,382,115 in the last 90 days. 12.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kinder Morgan

Institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC bought a new stake in Kinder Morgan during the 4th quarter worth $308,000. Schnieders Capital Management LLC. raised its stake in shares of Kinder Morgan by 11.4% during the second quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock valued at $2,042,000 after acquiring an additional 7,081 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Kinder Morgan in the second quarter worth $620,000. Assetmark Inc. increased its holdings in Kinder Morgan by 446.1% in the second quarter. Assetmark Inc. now owns 47,146 shares of the pipeline company’s stock valued at $1,386,000 after purchasing an additional 38,512 shares during the period. Finally, Prosperity Consulting Group LLC raised its position in Kinder Morgan by 4.3% during the 2nd quarter. Prosperity Consulting Group LLC now owns 15,501 shares of the pipeline company’s stock worth $456,000 after purchasing an additional 645 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.