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

Kinder Morgan (NYSE:KMI - Free Report) had its price objective raised by Scotiabank from $25.00 to $26.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a sector perform rating on the pipeline company's stock.

Several other equities analysts have also recently issued reports on KMI. Morgan Stanley upped their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Truist Financial boosted their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Citigroup lifted their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Royal Bank of Canada lifted their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a report on Monday, March 3rd. Finally, Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $29.64.

Kinder Morgan Stock Performance

KMI traded up $0.19 on Monday, reaching $26.79. The company had a trading volume of 1,012,041 shares, compared to its average volume of 13,917,755. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The stock has a market cap of $59.52 billion, a P/E ratio of 22.89, a P/E/G ratio of 3.08 and a beta of 0.72. Kinder Morgan has a fifty-two week low of $18.13 and a fifty-two week high of $31.48. The company's fifty day moving average is $26.94 and its 200 day moving average is $26.97.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts' consensus estimates of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. As a group, analysts predict that Kinder Morgan will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.2925 per share. The ex-dividend date is Wednesday, April 30th. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.37%. Kinder Morgan's dividend payout ratio is currently 100.86%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares of the company's stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the transaction, the president now owns 807,652 shares in the company, valued at approximately $23,219,995. The trade was a 2.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,461 shares of company stock worth $3,506,116. 12.73% of the stock is currently owned by company insiders.

Institutional Trading of Kinder Morgan

Several institutional investors and hedge funds have recently bought and sold shares of the business. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan during the 4th quarter worth $25,000. Centricity Wealth Management LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at about $25,000. Hurley Capital LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at about $25,000. Fourth Dimension Wealth LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at about $26,000. Finally, Modus Advisors LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

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.