Kinder Morgan (NYSE:KMI – Get Free Report) had its price target raised by analysts at Scotiabank from $31.00 to $32.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the pipeline company’s stock. Scotiabank’s target price suggests a potential downside of 6.01% from the stock’s previous close.
Several other analysts have also recently weighed in on KMI. Truist Financial initiated coverage on Kinder Morgan in a report on Tuesday. They issued a “hold” rating and a $38.00 price target on the stock. UBS Group restated a “buy” rating and issued a $38.00 price objective on shares of Kinder Morgan in a research report on Friday, December 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Stifel Nicolaus lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research report on Friday, March 13th. Finally, Morgan Stanley boosted their price target on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.21.
Check Out Our Latest Research Report on KMI
Kinder Morgan Trading Down 0.1%
Kinder Morgan (NYSE:KMI – Get Free Report) last posted its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter last year, the company earned $0.30 earnings per share. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. Equities research analysts forecast that Kinder Morgan will post 1.25 earnings per share for the current fiscal year.
Insider Activity at Kinder Morgan
In other Kinder Morgan news, VP Anthony B. Ashley sold 8,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total transaction of $255,600.00. Following the transaction, the vice president directly owned 100,146 shares in the company, valued at $3,199,664.70. This trade represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William A. Smith purchased 3,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were acquired at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the purchase, the director directly owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. This represents a 10.68% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 48,048 shares of company stock worth $1,469,863 in the last quarter. 12.73% of the stock is owned by company insiders.
Hedge Funds Weigh In On Kinder Morgan
Several institutional investors and hedge funds have recently made changes to their positions in KMI. TD Capital Management LLC raised its position in Kinder Morgan by 36.0% in the 4th quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 323 shares during the period. Loomis Sayles & Co. L P boosted its position in Kinder Morgan by 13.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company’s stock valued at $79,000 after buying an additional 329 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Kinder Morgan by 4.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 8,445 shares of the pipeline company’s stock valued at $232,000 after buying an additional 333 shares during the last quarter. Waddell & Associates LLC increased its holdings in shares of Kinder Morgan by 1.3% in the fourth quarter. Waddell & Associates LLC now owns 26,206 shares of the pipeline company’s stock worth $720,000 after buying an additional 336 shares during the period. Finally, Abbot Financial Management Inc. increased its holdings in shares of Kinder Morgan by 0.8% in the fourth quarter. Abbot Financial Management Inc. now owns 44,707 shares of the pipeline company’s stock worth $1,229,000 after buying an additional 338 shares during the period. Institutional investors own 62.52% of the company’s stock.
Kinder Morgan News Roundup
Here are the key news stories impacting Kinder Morgan this week:
- Positive Sentiment: Jefferies raised its price target to $36, a bullish analyst move that likely supported buying interest and contributed to recent strength in the shares. Jefferies Boosts Kinder Morgan Price Target to $36
- Positive Sentiment: An analyst upgrade coincided with the stock hitting a new one‑year high, signaling positive momentum from institutional research. Kinder Morgan Sets New 1-Year High After Analyst Upgrade
- Positive Sentiment: Phillips 66 and Kinder Morgan extended a second open season for remaining Western Gateway capacity — a development that supports future utilization and potential fee‑based revenue. Phillips 66, Kinder Morgan Extend Second Open Season
- Neutral Sentiment: Scotiabank raised its price target to $32 but kept a Sector Perform rating and said geopolitical developments (Iran conflict) are neutral for Kinder Morgan — a modest lift to the target but not a conviction upgrade. Scotiabank Sees Iran Conflict as Neutral for Kinder Morgan
- Neutral Sentiment: Truist began coverage on KMI, increasing analyst attention and potentially widening investor interest, though coverage initiation can be neutral until it includes a target or rating change. Truist Begins Coverage on Kinder Morgan
- Neutral Sentiment: Market previews and firm commentaries ahead of the quarter (earnings preview and Q1 commentary) raise the chance of short-term volatility depending on beats/misses versus elevated expectations. Earnings Preview: What To Expect From Kinder Morgan’s Report
- Neutral Sentiment: US Capital Advisors published FY2028 earnings estimates and commentary on Q1 — useful for modeling longer‑term cash flow but unlikely to move the stock materially absent big revisions. US Capital Advisors Estimates Kinder Morgan FY2028 Earnings
- Negative Sentiment: Analysis from TipRanks flagged that much of KMI’s rally (over 20% YTD) may already be priced in, suggesting limited near-term upside and making the shares more vulnerable to disappointment. Is Kinder Morgan’s Rally Already Priced In?
Kinder Morgan Company Profile
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.
Further Reading
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