Kinder Morgan (NYSE:KMI) Stock Price Up 1% Following Analyst Upgrade

Kinder Morgan, Inc. (NYSE:KMI) was up 1% during trading on Friday after Barclays raised their price target on the stock from $27.00 to $31.00. Barclays currently has an equal weight rating on the stock. Kinder Morgan traded as high as $30.31 and last traded at $30.35. Approximately 4,625,084 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 12,224,675 shares. The stock had previously closed at $30.06.

Several other analysts also recently commented on the company. Truist Financial upped their price objective on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. The Goldman Sachs Group increased their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a research note on Friday, October 18th. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Royal Bank of Canada raised 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 report on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and an average target price of $27.00.

Insider Transactions at Kinder Morgan

In other news, Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction dated 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 acquisition, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 745,263 shares of company stock valued at $18,578,014 in the last 90 days. 12.81% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KMI. Duquesne Family Office LLC grew its holdings in Kinder Morgan by 74.0% in the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after buying an additional 2,872,665 shares during the period. Barclays PLC raised its stake in 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 purchasing an additional 2,334,273 shares during the period. National Bank of Canada FI boosted its holdings in shares of Kinder Morgan by 295.5% in the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock valued at $64,879,000 after purchasing an additional 2,194,489 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Kinder Morgan by 1,849.7% during 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 buying an additional 2,053,612 shares during the period. Finally, Marshall Wace LLP increased its stake in 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 acquiring an additional 1,328,082 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

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 stock has a market cap of $67.36 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 3.71 and a beta of 0.94. The company’s fifty day moving average is $27.61 and its 200 day moving average is $23.99.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business’s revenue was down 5.3% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.17 earnings per share for the current fiscal year.

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.