Royal Bank of Canada Issues Positive Forecast for Kinder Morgan (NYSE:KMI) Stock Price

Kinder Morgan (NYSE:KMI) had its price objective boosted by Royal Bank of Canada from $26.00 to $27.00 in a report released on Monday,Benzinga reports. The brokerage currently has a sector perform rating on the pipeline company’s stock.

KMI has been the topic of a number of other reports. Morgan Stanley raised their price target on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Scotiabank assumed coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. Truist Financial upped their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. UBS Group raised their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Citigroup upped their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and an average price target of $29.21.

Kinder Morgan Stock Up 0.1 %

KMI stock opened at $27.13 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan has a 1-year low of $17.42 and a 1-year high of $31.48. The stock has a market capitalization of $60.28 billion, a P/E ratio of 23.19, a P/E/G ratio of 3.08 and a beta of 0.94. The business has a fifty day moving average price of $27.77 and a 200-day moving average price of $25.60.

Kinder Morgan (NYSE:KMI) last posted its 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 net margin of 17.31% and a return on equity of 8.09%. Equities analysts forecast that Kinder Morgan will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now directly owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the transaction, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,504,136 in the last three months. Corporate insiders own 12.64% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

A number of large investors have recently made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth approximately $25,000. Centricity Wealth Management LLC bought a new stake in shares of Kinder Morgan during the fourth quarter worth $25,000. Hurley Capital LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at $25,000. Fourth Dimension Wealth LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth about $26,000. Finally, Modus Advisors LLC purchased a new position in Kinder Morgan in the 4th quarter worth about $27,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

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.