Kinder Morgan (NYSE:KMI) Stock Price Up 1% Following Analyst Upgrade

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) was up 1% during trading on Friday after Barclays raised their price target on the stock from $27.00 to $31.00. Barclays currently has an equal weight rating on the stock. Kinder Morgan traded as high as $30.31 and last traded at $30.35. Approximately 4,625,084 shares were traded during trading, a decline of 62% from the average daily volume of 12,224,675 shares. The stock had previously closed at $30.06.

Several other analysts have also recently weighed in on KMI. Scotiabank initiated coverage on Kinder Morgan in a report on Friday, January 10th. They set a "sector perform" rating and a $26.00 price target for the company. Truist Financial upped their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a "hold" rating in a research note on Thursday, October 17th. The Goldman Sachs Group lifted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. UBS Group raised their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Finally, Bank of America started coverage on Kinder Morgan in a report on Thursday, October 17th. They set a "buy" rating and a $27.00 target price on the stock. Eight equities 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 company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $27.00.

Insider Activity

In related news, Director Amy W. Chronis acquired 2,241 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now directly owns 23,995 shares of the company's stock, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 745,263 shares of company stock valued at $18,578,014. 12.81% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kinder Morgan

Large investors have recently modified their holdings of the company. Duquesne Family Office LLC raised its position in shares of Kinder Morgan by 74.0% in the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company's stock worth $134,185,000 after acquiring an additional 2,872,665 shares in the last quarter. Barclays PLC increased its stake 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 acquiring an additional 2,334,273 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Kinder Morgan by 295.5% during the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company's stock valued at $64,879,000 after acquiring an additional 2,194,489 shares during the period. International Assets Investment Management LLC boosted its stake in Kinder Morgan by 1,849.7% during the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company's stock worth $47,817,000 after acquiring an additional 2,053,612 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in Kinder Morgan by 20.6% in the second 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. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Trading Up 0.9 %

The stock has a market capitalization of $67.36 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.71 and a beta of 0.94. The firm's 50 day simple moving average is $27.61 and its two-hundred day simple moving average is $23.99. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly 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). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the company posted $0.25 EPS. The firm's revenue was down 5.3% on a year-over-year basis. As a group, analysts forecast that Kinder Morgan, Inc. will post 1.17 earnings per share for the current fiscal year.

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.