Barclays Upgrades Kinder Morgan (NYSE:KMI) to "Overweight"

Barclays upgraded shares of Kinder Morgan (NYSE:KMI - Free Report) from an equal weight rating to an overweight rating in a research report sent to investors on Monday, MarketBeat Ratings reports. They currently have $31.00 price target on the pipeline company's stock.

Several other brokerages also recently weighed in on KMI. Wells Fargo & Company upped their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Truist Financial upped their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Morgan Stanley lifted their price target on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. UBS Group upped their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, The Goldman Sachs Group upped their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $29.64.

Kinder Morgan Trading Down 1.7 %

Shares of KMI stock traded down $0.46 on Monday, hitting $26.27. The stock had a trading volume of 13,528,412 shares, compared to its average volume of 15,644,533. The firm has a market cap of $58.36 billion, a P/E ratio of 22.45, a PEG ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. Kinder Morgan has a twelve month low of $17.45 and a twelve month high of $31.48. The company has a fifty day moving average price of $27.75 and a two-hundred day moving average price of $25.65.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, analysts forecast that Kinder Morgan will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's dividend payout ratio is currently 98.29%.

Insider Activity at Kinder Morgan

In other 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 transaction of $502,380.00. Following the transaction, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 75,461 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,461 shares of company stock valued at $3,012,016. Insiders own 12.64% of the company's stock.

Institutional Investors Weigh In On Kinder Morgan

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KMI. Stephens Inc. AR raised its holdings in shares of Kinder Morgan by 3.0% during the third quarter. Stephens Inc. AR now owns 144,268 shares of the pipeline company's stock valued at $3,187,000 after acquiring an additional 4,253 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its position in Kinder Morgan by 9.6% in the third quarter. Gladstone Institutional Advisory LLC now owns 15,281 shares of the pipeline company's stock valued at $338,000 after acquiring an additional 1,337 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Kinder Morgan by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 25,849 shares of the pipeline company's stock valued at $571,000 after purchasing an additional 5,043 shares during the period. Pure Financial Advisors LLC acquired a new stake in shares of Kinder Morgan in the 3rd quarter worth $301,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Kinder Morgan by 1.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,531,624 shares of the pipeline company's stock valued at $33,834,000 after purchasing an additional 17,343 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

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.