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Kinder Morgan (NYSE:KMI) Trading Up 3.2% Following Analyst Upgrade

Kinder Morgan logo with Oils/Energy background

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) shares were up 3.2% during mid-day trading on Thursday after Citigroup raised their price target on the stock from $25.00 to $28.00. Citigroup currently has a neutral rating on the stock. Kinder Morgan traded as high as $28.21 and last traded at $28.17. Approximately 4,772,515 shares changed hands during trading, a decline of 70% from the average daily volume of 16,059,081 shares. The stock had previously closed at $27.30.

KMI has been the subject of a number of other research reports. Wells Fargo & Company raised their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Bank of America initiated coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a "buy" rating and a $27.00 price objective for the company. Royal Bank of Canada upped their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 22nd. Mizuho lifted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley upped their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan has a consensus rating of "Moderate Buy" and an average price target of $29.14.

Check Out Our Latest Research Report on Kinder Morgan

Insider Activity at Kinder Morgan

In related news, Director Amy W. Chronis purchased 2,241 shares of Kinder Morgan stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares of the company's stock, valued at $597,235.55. The trade was a 10.30 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the 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 owns 897,652 shares in the company, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,121 shares of company stock valued at $1,497,000. 12.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kinder Morgan

A number of hedge funds have recently added to or reduced their stakes in the stock. Centaurus Financial Inc. lifted its holdings in Kinder Morgan by 67.7% in the second quarter. Centaurus Financial Inc. now owns 9,151 shares of the pipeline company's stock valued at $182,000 after acquiring an additional 3,694 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of Kinder Morgan by 111.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 10,450 shares of the pipeline company's stock worth $231,000 after purchasing an additional 5,507 shares during the period. Czech National Bank boosted its holdings in shares of Kinder Morgan by 6.9% in the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company's stock worth $8,689,000 after buying an additional 25,406 shares during the last quarter. GAMMA Investing LLC increased its holdings in Kinder Morgan by 34.1% during the third quarter. GAMMA Investing LLC now owns 27,260 shares of the pipeline company's stock valued at $602,000 after buying an additional 6,932 shares during the last quarter. Finally, Diversified Trust Co bought a new position in Kinder Morgan in the third quarter worth approximately $467,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Up 1.5 %

The company's 50 day moving average price is $27.97 and its two-hundred day moving average price is $24.76. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. The firm has a market cap of $61.29 billion, a PE ratio of 23.58, a PEG ratio of 3.12 and a beta of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.28 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Monday, February 3rd. Kinder Morgan's payout ratio is 98.29%.

About Kinder Morgan

(Get Free Report)

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.

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