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

Kinder Morgan (NYSE:KMI - Get Free Report) had its price target raised by Barclays from $27.00 to $31.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the pipeline company's stock. Barclays's price target points to a potential upside of 3.30% from the stock's previous close.

Other analysts have also recently issued reports about the company. Truist Financial upped their price objective on Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a report on Thursday, October 17th. Royal Bank of Canada lifted their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 22nd. Bank of America initiated coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a "buy" rating and a $27.00 price target for the company. Wells Fargo & Company boosted their price objective on Kinder Morgan from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Finally, UBS Group lifted their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded up $0.57 on Thursday, hitting $30.01. 21,207,807 shares of the company traded hands, compared to its average volume of 13,088,842. The stock has a market capitalization of $66.67 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 3.71 and a beta of 0.94. The business has a 50-day simple moving average of $27.54 and a 200 day simple moving average of $23.95. Kinder Morgan has a 52 week low of $16.47 and a 52 week high of $30.07. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company's revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 EPS. Research analysts expect that Kinder Morgan will post 1.17 earnings per share for the current fiscal year.

Insider Activity

In other news, President Thomas A. Martin sold 19,121 shares of the firm's 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 transaction, the president now directly owns 897,652 shares of the company's stock, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This trade represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 745,263 shares of company stock valued at $18,578,014. 12.64% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kinder Morgan

Hedge funds have recently made changes to their positions in the company. Kayne Anderson Capital Advisors LP lifted its stake in Kinder Morgan by 0.7% in the third quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company's stock worth $233,050,000 after acquiring an additional 69,307 shares during the period. Barclays PLC raised its holdings in shares of Kinder Morgan by 39.9% in the 3rd 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 in the last quarter. Marshall Wace LLP lifted its position in shares of Kinder Morgan by 20.6% in the 2nd quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company's stock worth $154,409,000 after purchasing an additional 1,328,082 shares during the period. Bank of Montreal Can boosted its stake in shares of Kinder Morgan by 2.2% during the third quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company's stock valued at $163,116,000 after purchasing an additional 164,152 shares in the last quarter. Finally, Duquesne Family Office LLC boosted its stake in shares of Kinder Morgan by 74.0% during the second quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company's stock valued at $134,185,000 after purchasing an additional 2,872,665 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

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.