Mizuho Raises Kinder Morgan (NYSE:KMI) Price Target to $22.00

Kinder Morgan (NYSE:KMI – Get Rating) had its price target increased by stock analysts at Mizuho from $21.00 to $22.00 in a report released on Thursday, The Fly reports. Mizuho’s price objective would indicate a potential upside of 11.28% from the company’s current price.

A number of other research analysts also recently commented on the stock. Wolfe Research downgraded shares of Kinder Morgan from a “peer perform” rating to an “underperform” rating and increased their price objective for the company from $17.00 to $18.00 in a research note on Monday, April 11th. StockNews.com began coverage on shares of Kinder Morgan in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Barclays raised their price target on shares of Kinder Morgan from $18.00 to $19.00 in a research report on Thursday, January 20th. Zacks Investment Research upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Tuesday, January 25th. Finally, Morgan Stanley raised their price target on shares of Kinder Morgan from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday. Four analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.64.

Shares of KMI stock opened at $19.77 on Thursday. The company has a market capitalization of $44.83 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 6.03 and a beta of 0.95. The firm has a fifty day simple moving average of $18.21 and a 200-day simple moving average of $17.32. The company has a current ratio of 0.66, a quick ratio of 0.56 and a debt-to-equity ratio of 0.96. Kinder Morgan has a twelve month low of $15.01 and a twelve month high of $19.97.

Kinder Morgan (NYSE:KMI – Get Rating) last posted its quarterly earnings data on Wednesday, April 20th. The pipeline company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.05. Kinder Morgan had a net margin of 10.74% and a return on equity of 9.49%. The firm had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same period in the prior year, the firm posted $0.60 EPS. The firm’s revenue was down 17.6% compared to the same quarter last year. Equities research analysts predict that Kinder Morgan will post 1.07 EPS for the current year.

In other Kinder Morgan news, VP Dax Sanders sold 91,129 shares of the firm’s stock in a transaction dated Friday, April 8th. The shares were sold at an average price of $19.51, for a total transaction of $1,777,926.79. Following the transaction, the vice president now owns 204,105 shares of the company’s stock, valued at approximately $3,982,088.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP John W. Schlosser sold 1,500 shares of the firm’s stock in a transaction dated Friday, March 25th. The shares were sold at an average price of $18.34, for a total transaction of $27,510.00. The disclosure for this sale can be found here. 12.51% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Benjamin Edwards Inc. acquired a new position in Kinder Morgan during the 3rd quarter valued at about $25,000. City State Bank bought a new position in shares of Kinder Morgan during the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC bought a new position in shares of Kinder Morgan during the 4th quarter valued at about $26,000. Joseph P. Lucia & Associates LLC bought a new position in shares of Kinder Morgan during the 1st quarter valued at about $29,000. Finally, US Asset Management LLC bought a new position in shares of Kinder Morgan during the 3rd quarter valued at about $31,000. 58.01% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Company Profile (Get Rating)

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.

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