Kinder Morgan (NYSE:KMI) Stock Price Expected to Rise, Mizuho Analyst Says

Kinder Morgan (NYSE:KMI) had its price target upped by equities research analysts at Mizuho from $31.00 to $33.00 in a note issued to investors on Thursday. The brokerage currently has an “overweight” rating on the pipeline company’s stock. Mizuho’s price objective would indicate a potential upside of 9.16% from the stock’s current price.

A number of other research analysts have also recently commented on the company. Royal Bank of Canada upped their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Scotiabank started coverage on Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. Truist Financial lifted their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday. Bank of America began coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target on the stock. Finally, The Goldman Sachs Group upped their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.92.

Kinder Morgan Stock Down 0.8 %

Shares of NYSE:KMI opened at $30.23 on Thursday. The company has a market capitalization of $67.16 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 4.13 and a beta of 0.94. Kinder Morgan has a 12-month low of $16.47 and a 12-month high of $31.48. The business has a 50-day moving average price of $27.97 and a 200 day moving average price of $24.37. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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 8.10%. Sell-side analysts expect that Kinder Morgan will post 1.27 EPS for the current year.

Insider Activity

In related news, President Thomas A. Martin sold 19,121 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the transaction, the president now directly owns 897,652 shares of the company’s stock, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Amy W. Chronis purchased 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now 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 disclosure for this purchase can be found here. In the last 90 days, insiders have sold 55,121 shares of company stock worth $1,497,000. 12.64% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan during the fourth quarter worth approximately $25,000. Modus Advisors LLC purchased a new position in Kinder Morgan during the 4th quarter worth $27,000. Heck Capital Advisors LLC acquired a new position in Kinder Morgan in the fourth quarter valued at $29,000. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan in the third quarter valued at about $28,000. Finally, Planning Capital Management Corp boosted its stake in shares of Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares during the period. 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.