Royal Bank of Canada Issues Positive Forecast for Kinder Morgan (NYSE:KMI) Stock Price

Kinder Morgan (NYSE:KMI - Free Report) had its price objective raised by Royal Bank of Canada from $26.00 to $27.00 in a report published on Monday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the pipeline company's stock.

Other equities research analysts have also recently issued reports about the company. Mizuho raised their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. UBS Group increased their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a report on Monday, January 27th. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target on the stock in a report on Monday. Morgan Stanley lifted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Finally, Truist Financial upped their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Kinder Morgan currently has an average rating of "Moderate Buy" and a consensus price target of $29.64.

Kinder Morgan Stock Performance

Shares of KMI traded down $0.46 during trading hours on Monday, reaching $26.27. 13,528,477 shares of the company traded hands, compared to its average volume of 15,645,604. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The business has a fifty day moving average price of $27.75 and a 200-day moving average price of $25.65. The stock has a market capitalization of $58.36 billion, a P/E ratio of 22.45, a P/E/G ratio of 3.08 and a beta of 0.94. Kinder Morgan has a 12-month low of $17.45 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 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%. Equities analysts anticipate that Kinder Morgan will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

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

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the sale, the president now directly owns 843,652 shares of the company's stock, valued at $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,461 shares of company stock valued at $3,012,016. 12.64% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Retirement Wealth Solutions LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $25,000. Centricity Wealth Management LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth about $25,000. Hurley Capital LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $25,000. Fourth Dimension Wealth LLC purchased a new stake in Kinder Morgan in the 4th quarter valued at about $26,000. Finally, Modus Advisors LLC acquired a new position in Kinder Morgan during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 62.52% of the company's stock.

About Kinder Morgan

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.