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

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report)'s share price shot up 1% 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. 4,625,084 shares changed hands during trading, a decline of 62% from the average session volume of 12,224,675 shares. The stock had previously closed at $30.06.

Several other research firms have also recently commented on KMI. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research report on Friday, October 18th. Bank of America began coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a "buy" rating and a $27.00 target price on the stock. Wells Fargo & Company boosted their price target on Kinder Morgan from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. UBS Group raised their price target on Kinder Morgan from $33.00 to $34.00 and gave the company a "buy" rating in a report on Friday, December 6th. Finally, Truist Financial upped their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a report on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now directly owns 861,652 shares of the company's stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This trade represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 745,263 shares of company stock valued at $18,578,014 over the last ninety days. Insiders own 12.81% of the company's stock.

Institutional Trading of Kinder Morgan

A number of hedge funds have recently modified their holdings of the business. American Century Companies Inc. boosted its position in Kinder Morgan by 1.6% during the 2nd quarter. American Century Companies Inc. now owns 346,183 shares of the pipeline company's stock worth $6,879,000 after acquiring an additional 5,402 shares during the period. Edgestream Partners L.P. purchased a new position in Kinder Morgan during the second quarter valued at approximately $213,000. Vanguard Personalized Indexing Management LLC increased its stake in Kinder Morgan by 43.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 151,021 shares of the pipeline company's stock valued at $2,989,000 after buying an additional 45,482 shares during the period. WCG Wealth Advisors LLC purchased a new stake in Kinder Morgan in the 2nd quarter worth approximately $295,000. Finally, Intech Investment Management LLC grew its holdings in shares of Kinder Morgan by 102.1% during the 2nd quarter. Intech Investment Management LLC now owns 98,945 shares of the pipeline company's stock valued at $1,966,000 after acquiring an additional 49,991 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Price Performance

The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The stock's 50 day moving average price is $27.68 and its two-hundred day moving average price is $24.07. The firm has a market capitalization of $67.36 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 3.71 and a beta of 0.94.

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 for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business's revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share. Analysts anticipate that Kinder Morgan, Inc. will post 1.17 EPS 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.