Truist Financial Forecasts Strong Price Appreciation for Kinder Morgan (NYSE:KMI) Stock

Kinder Morgan (NYSE:KMI) had its price objective hoisted by Truist Financial from $25.00 to $31.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the pipeline company’s stock. Truist Financial’s price objective suggests a potential upside of 2.54% from the company’s previous close.

A number of other brokerages have also recently commented on KMI. Barclays upped their price target on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Royal Bank of Canada increased their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. UBS Group boosted their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, December 6th. Bank of America initiated coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Finally, Morgan Stanley set a $26.00 price target on Kinder Morgan in a report on Friday, October 18th. 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $28.92.

Kinder Morgan Price Performance

Shares of KMI stock opened at $30.23 on Thursday. The firm’s 50 day moving average price is $27.97 and its two-hundred day moving average price is $24.37. 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 52-week low of $16.47 and a 52-week high of $31.48. The stock has a market cap of $67.16 billion, a PE ratio of 25.84, a PEG ratio of 4.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. As a group, analysts forecast that Kinder Morgan will post 1.27 EPS for the current year.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction on Tuesday, November 5th. The shares were bought at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now directly owns 23,995 shares in the company, valued at approximately $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. Over the last 90 days, insiders sold 55,121 shares of company stock valued at $1,497,000. Corporate insiders own 12.64% of the company’s stock.

Institutional Trading of Kinder Morgan

A number of large investors have recently added to or reduced their stakes in the company. AE Wealth Management LLC increased its holdings in shares of Kinder Morgan by 9.3% during the 2nd quarter. AE Wealth Management LLC now owns 46,888 shares of the pipeline company’s stock worth $932,000 after acquiring an additional 4,003 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Kinder Morgan by 14.6% in the second quarter. Sei Investments Co. now owns 803,815 shares of the pipeline company’s stock valued at $15,973,000 after purchasing an additional 102,447 shares during the last quarter. 1832 Asset Management L.P. bought a new position in shares of Kinder Morgan in the second quarter valued at about $2,561,000. EverSource Wealth Advisors LLC lifted its stake in shares of Kinder Morgan by 25.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 9,497 shares of the pipeline company’s stock worth $201,000 after buying an additional 1,931 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Kinder Morgan by 60.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 382,549 shares of the pipeline company’s stock worth $7,601,000 after buying an additional 143,705 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.