Barclays Forecasts Strong Price Appreciation for Kinder Morgan (NYSE:KMI) Stock

Kinder Morgan (NYSE:KMI - Free Report) had its price objective boosted by Barclays from $24.00 to $27.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the pipeline company's stock.

Other research analysts also recently issued reports about the stock. Truist Financial lifted their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a research report on Thursday, October 17th. Stifel Nicolaus increased their price objective on Kinder Morgan from $22.00 to $23.00 and gave the stock a "hold" rating in a research note on Tuesday, August 27th. Bank of America initiated coverage on Kinder Morgan in a research note on Thursday, October 17th. They set a "buy" rating and a $27.00 target price on the stock. The Goldman Sachs Group raised their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Finally, UBS Group upped their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.00.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded up $0.06 during trading hours on Tuesday, hitting $26.62. The stock had a trading volume of 14,320,033 shares, compared to its average volume of 13,775,696. Kinder Morgan has a 1-year low of $16.47 and a 1-year high of $28.81. The firm has a market capitalization of $59.14 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 3.88 and a beta of 0.95. The stock's fifty day simple moving average is $26.23 and its 200 day simple moving average is $22.76. 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 results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Kinder Morgan's revenue for the quarter was down 5.3% on a year-over-year basis. During the same period last year, the business posted $0.25 earnings per share. Sell-side analysts anticipate that Kinder Morgan will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.32%. Kinder Morgan's dividend payout ratio (DPR) is presently 100.88%.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the sale, the president now owns 879,652 shares of the company's stock, valued at $24,049,685.68. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Amy W. Chronis purchased 2,241 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares of the company's stock, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 727,263 shares of company stock valued at $18,075,634. Insiders own 12.64% of the company's stock.

Hedge Funds Weigh In On Kinder Morgan

Several large investors have recently bought and sold shares of the stock. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan during the third quarter valued at about $28,000. Planning Capital Management Corp raised its holdings in Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company's stock valued at $30,000 after acquiring an additional 797 shares in the last quarter. HM Payson & Co. lifted its position in shares of Kinder Morgan by 401.8% in the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock worth $32,000 after acquiring an additional 1,145 shares during the period. Activest Wealth Management grew its holdings in shares of Kinder Morgan by 63.0% during the 3rd quarter. Activest Wealth Management now owns 1,478 shares of the pipeline company's stock worth $33,000 after purchasing an additional 571 shares in the last quarter. Finally, HWG Holdings LP bought a new stake in shares of Kinder Morgan during the second quarter valued at approximately $30,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

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.