Kinder Morgan (NYSE:KMI) Price Target Raised to $38.00 at UBS Group

Kinder Morgan (NYSE:KMI) had its price target lifted by UBS Group from $34.00 to $38.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the pipeline company’s stock.

A number of other equities analysts also recently issued reports on the company. Barclays increased their price target on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Mizuho upped their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Scotiabank started coverage on Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective for the company. Truist Financial upped their price objective on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley upped their price objective on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Eight research 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, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $29.23.

Kinder Morgan Price Performance

KMI opened at $27.39 on Monday. Kinder Morgan has a 12-month low of $16.47 and a 12-month high of $31.48. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The business’s fifty day simple moving average is $28.03 and its 200-day simple moving average is $24.50. The company has a market capitalization of $60.86 billion, a price-to-earnings ratio of 23.41, 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 analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. On average, equities research analysts anticipate that Kinder Morgan will post 1.27 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the sale, the president now directly owns 879,652 shares of the company’s stock, valued at approximately $24,049,685.68. This trade represents a 2.01 % 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 hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of the company’s stock in a transaction on 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 owns 23,995 shares of the company’s stock, valued at $597,235.55. This trade represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 55,121 shares of company stock worth $1,497,000 over the last three months. 12.64% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kinder Morgan

Hedge funds and other institutional investors have recently made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $25,000. Modus Advisors LLC purchased a new stake in Kinder Morgan in the fourth quarter valued at $27,000. Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan in the third quarter valued at $28,000. Finally, Planning Capital Management Corp grew its stake in shares of Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

About Kinder Morgan

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.