Kinder Morgan (NYSE:KMI) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Kinder Morgan (NYSE:KMI - Get Free Report) had its price target hoisted by investment analysts at Wells Fargo & Company from $27.00 to $30.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the pipeline company's stock. Wells Fargo & Company's price target points to a potential upside of 16.14% from the company's current price.

A number of other brokerages have also issued reports on KMI. UBS Group raised their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Truist Financial increased their price target 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. Royal Bank of Canada lifted their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus increased their price objective 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, 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. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of "Moderate Buy" and a consensus price target of $26.25.

Kinder Morgan Trading Down 2.9 %

Shares of NYSE:KMI traded down $0.78 during trading on Wednesday, reaching $25.83. 12,761,100 shares of the company were exchanged, compared to its average volume of 13,771,710. Kinder Morgan has a 12-month low of $16.47 and a 12-month high of $28.81. The firm has a market capitalization of $57.38 billion, a PE ratio of 22.66, a P/E/G ratio of 3.88 and a beta of 0.95. The business's fifty day simple moving average is $26.29 and its 200-day simple moving average is $22.81. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

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). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the business posted $0.25 earnings per share. The firm's quarterly revenue was down 5.3% on a year-over-year basis. On average, research analysts anticipate that Kinder Morgan will post 1.18 EPS for the current year.

Insider Buying and Selling at Kinder Morgan

In other news, Director Amy W. Chronis purchased 2,241 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average price 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. The trade was a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This 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 727,263 shares of company stock worth $18,075,634 over the last three months. Insiders own 12.64% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. 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 purchasing an additional 2,872,665 shares in the last quarter. Barclays PLC grew its stake in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after buying an additional 2,334,273 shares during the last quarter. National Bank of Canada FI lifted its stake in Kinder Morgan by 295.5% in the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company's stock valued at $64,879,000 after buying an additional 2,194,489 shares during the last quarter. International Assets Investment Management LLC raised its position in Kinder Morgan by 1,849.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company's stock valued at $47,817,000 after purchasing an additional 2,053,612 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Kinder Morgan by 20.6% during the second quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company's stock worth $154,409,000 after buying an additional 1,328,082 shares during the period. 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.