Kinder Morgan (NYSE:KMI) Price Target Raised to $33.00 at Citigroup

Kinder Morgan (NYSE:KMI) had its price target raised by Citigroup from $28.00 to $33.00 in a research report sent to investors on Monday,Benzinga reports. Citigroup currently has a neutral rating on the pipeline company’s stock.

A number of other research analysts have also issued reports on the company. Truist Financial initiated coverage on Kinder Morgan in a report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 target price for the company. Mizuho upped their price target on Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Jefferies Financial Group increased their price target on Kinder Morgan from $31.00 to $36.00 and gave the company a “hold” rating in a research report on Tuesday, March 24th. Scotiabank boosted their price objective on Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 26th. Finally, Royal Bank Of Canada upped their target price on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Monday. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $34.33.

Kinder Morgan Stock Down 1.2%

Shares of KMI opened at $33.61 on Monday. The company’s 50-day simple moving average is $32.08 and its 200-day simple moving average is $28.90. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64. Kinder Morgan has a 1 year low of $23.94 and a 1 year high of $34.73. The stock has a market capitalization of $74.78 billion, a PE ratio of 24.54, a P/E/G ratio of 3.12 and a beta of 0.68.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period in the prior year, the business earned $0.30 EPS. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. Analysts forecast that Kinder Morgan will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were given a $0.2925 dividend. The ex-dividend date was Monday, February 2nd. This represents a $1.17 annualized dividend and a yield of 3.5%. Kinder Morgan’s dividend payout ratio is 85.40%.

Insider Buying and Selling

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $33.30, for a total transaction of $51,615.00. Following the completion of the sale, the vice president directly owned 46,393 shares of the company’s stock, valued at approximately $1,544,886.90. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Anthony B. Ashley sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total value of $255,600.00. Following the completion of the transaction, the vice president directly owned 100,146 shares in the company, valued at approximately $3,199,664.70. The trade was a 7.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 48,048 shares of company stock valued at $1,469,863 in the last quarter. Corporate insiders own 12.73% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

A number of hedge funds and other institutional investors have recently bought and sold shares of KMI. Board of the Pension Protection Fund purchased a new stake in Kinder Morgan in the 4th quarter valued at approximately $27,000. Commonwealth Retirement Investments LLC purchased a new position in shares of Kinder Morgan during the 4th quarter worth approximately $27,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $28,000. Dorato Capital Management acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $30,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $30,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.