Kinder Morgan (NYSE:KMI) Stock Price Up 1% - Time to Buy?

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report)'s stock price traded up 1% during trading on Wednesday . The stock traded as high as $29.58 and last traded at $29.40. 2,905,565 shares traded hands during trading, a decline of 74% from the average session volume of 11,129,002 shares. The stock had previously closed at $29.12.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of analyst reports. Scotiabank began coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They set a "sector perform" rating and a $26.00 target price for the company. Truist Financial raised their price objective on Kinder Morgan from $22.00 to $25.00 and gave the company a "hold" rating in a research report on Thursday, October 17th. Morgan Stanley set a $26.00 target price on Kinder Morgan in a report on Friday, October 18th. Barclays increased their target price on Kinder Morgan from $24.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Tuesday, December 17th. Finally, Bank of America initiated coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a "buy" rating and a $27.00 price target for the company. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $26.67.

Kinder Morgan Stock Performance

The business's fifty day moving average price is $27.47 and its 200-day moving average price is $23.91. The stock has a market cap of $65.38 billion, a PE ratio of 25.82, a P/E/G ratio of 3.87 and a beta of 0.94. 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 earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company's revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 EPS. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Insider Transactions at Kinder Morgan

In other news, Director C Park Shaper sold 690,142 shares of the firm's stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the sale, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. This trade represents a 9.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 745,263 shares of company stock worth $18,578,014 in the last ninety days. Insiders own 12.64% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KMI. Duquesne Family Office LLC boosted its position in shares of Kinder Morgan by 74.0% during the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company's stock valued at $134,185,000 after acquiring an additional 2,872,665 shares during the last quarter. Barclays PLC raised its stake in Kinder Morgan by 39.9% during the third 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. National Bank of Canada FI lifted its position in Kinder Morgan by 295.5% during the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company's stock valued at $64,879,000 after purchasing an additional 2,194,489 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Kinder Morgan by 1,849.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company's stock worth $47,817,000 after buying an additional 2,053,612 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings 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 buying an additional 1,328,082 shares during the last quarter. 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.