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

Kinder Morgan (NYSE:KMI) had its price target raised by stock analysts at Scotiabank from $26.00 to $27.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the pipeline company’s stock. Scotiabank’s price objective points to a potential downside of 4.09% from the stock’s current price.

KMI has been the subject of a number of other reports. JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Royal Bank of Canada increased their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 29th. Barclays upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a report on Monday, March 3rd. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Kinder Morgan in a research note on Monday, May 5th. Finally, Stifel Nicolaus increased their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.21.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $28.15 on Thursday. The business has a 50 day moving average of $27.17 and a 200-day moving average of $27.46. 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 $19.47 and a 1 year high of $31.48. The company has a market capitalization of $62.55 billion, a P/E ratio of 24.06, a P/E/G ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. On average, equities research analysts predict that Kinder Morgan will post 1.25 earnings per share for the current year.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total value of $496,260.00. Following the completion of the sale, the president now directly owns 789,652 shares of the company’s stock, valued at $21,770,705.64. The trade was a 2.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 54,000 shares of company stock valued at $1,522,440. Corporate insiders own 12.73% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morton Capital Management LLC CA lifted its holdings in shares of Kinder Morgan by 1.0% in the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company’s stock worth $1,084,000 after purchasing an additional 377 shares in the last quarter. Frank Rimerman Advisors LLC increased its stake in Kinder Morgan by 0.8% during the 1st quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company’s stock valued at $1,396,000 after purchasing an additional 378 shares in the last quarter. Diligent Investors LLC raised its holdings in Kinder Morgan by 1.5% during the fourth quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company’s stock worth $715,000 after buying an additional 381 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Kinder Morgan by 1.8% in the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company’s stock valued at $601,000 after buying an additional 381 shares in the last quarter. Finally, Aspiriant LLC grew its holdings in shares of Kinder Morgan by 1.7% during the first quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company’s stock valued at $677,000 after buying an additional 396 shares during the last quarter. Institutional investors 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.