Kinder Morgan (NYSE:KMI) Trading Up 0.9% - Time to Buy?

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report)'s share price shot up 0.9% during trading on Monday . The company traded as high as $30.51 and last traded at $30.32. 15,710,662 shares traded hands during mid-day trading, an increase of 56% from the average session volume of 10,053,223 shares. The stock had previously closed at $30.06.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Scotiabank initiated coverage on Kinder Morgan in a report on Friday, January 10th. They set a "sector perform" rating and a $26.00 price objective for the company. Barclays lifted their price objective on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday. The Goldman Sachs Group raised their target price 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. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a research report on Friday, October 18th. Finally, Wells Fargo & Company raised their price objective on Kinder Morgan from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $27.00.

Kinder Morgan Trading Up 0.9 %

The company has a market cap of $67.36 billion, a P/E ratio of 26.59, a PEG ratio of 3.71 and a beta of 0.94. 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 business has a fifty day moving average price of $27.68 and a 200-day moving average price of $24.13.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now owns 861,652 shares of the company's stock, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan 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 purchase, the director now directly owns 23,995 shares of the company's stock, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 55,121 shares of company stock valued at $1,497,000 over the last 90 days. 12.64% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan in the 4th quarter valued at approximately $25,000. Modus Advisors LLC acquired a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $27,000. Northwest Investment Counselors LLC bought a new position in Kinder Morgan in the 3rd quarter valued at approximately $28,000. Planning Capital Management Corp boosted its position in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company's stock worth $30,000 after buying an additional 797 shares during the period. Finally, HM Payson & Co. grew its holdings in Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock worth $32,000 after acquiring an additional 1,145 shares during the last quarter. 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.