UBS Group Issues Positive Forecast for Kinder Morgan (NYSE:KMI) Stock Price

Kinder Morgan (NYSE:KMI - Get Free Report) had its price target hoisted by investment analysts at UBS Group from $30.00 to $33.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the pipeline company's stock. UBS Group's price objective points to a potential upside of 21.01% from the company's previous close.

A number of other research analysts have also recently issued reports on KMI. Bank of America assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They issued a "buy" rating and a $27.00 price objective on the stock. Royal Bank of Canada boosted their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their target price on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, July 25th. Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a "hold" rating in a research note on Tuesday, August 27th. Finally, Barclays boosted their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $25.36.

Kinder Morgan Price Performance

Shares of NYSE KMI traded up $0.51 during midday trading on Friday, reaching $27.27. The company's stock had a trading volume of 12,380,365 shares, compared to its average volume of 13,872,368. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan has a fifty-two week low of $16.47 and a fifty-two week high of $27.58. The business's 50 day moving average price is $23.72 and its two-hundred day moving average price is $21.40. The company has a market cap of $60.58 billion, a P/E ratio of 23.66, a P/E/G ratio of 3.69 and a beta of 0.91.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm's quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share. On average, analysts forecast that Kinder Morgan will post 1.18 EPS for the current fiscal year.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 19,121 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the transaction, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director C Park Shaper sold 690,142 shares of the company's stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. 12.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kinder Morgan

Several institutional investors have recently made changes to their positions in KMI. Vanguard Group Inc. raised its holdings in shares of Kinder Morgan by 15.8% during the first quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company's stock valued at $3,665,963,000 after purchasing an additional 27,254,172 shares during the period. Castle Hook Partners LP increased its position in shares of Kinder Morgan by 108.2% during the first quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company's stock worth $143,049,000 after acquiring an additional 4,053,793 shares in the last quarter. Duquesne Family Office LLC increased its position in shares of Kinder Morgan by 74.0% during the second 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 position in shares of Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after acquiring an additional 2,334,273 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Kinder Morgan by 295.5% during the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company's stock worth $64,879,000 after acquiring an additional 2,194,489 shares in the last quarter. Institutional investors and hedge funds 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.