Kinder Morgan (NYSE:KMI) Price Target Raised to $32.00

Kinder Morgan (NYSE:KMI) had its price objective boosted by Royal Bank Of Canada from $30.00 to $32.00 in a report published on Friday morning,Benzinga reports. The firm currently has a sector perform rating on the pipeline company’s stock.

KMI has been the topic of several other research reports. UBS Group reaffirmed a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a research note on Friday, December 12th. Freedom Capital raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Mizuho reduced their price objective on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Jefferies Financial Group increased their target price on shares of Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Finally, Morgan Stanley restated a “buy” rating on shares of Kinder Morgan in a research report on Friday, January 30th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.54.

Kinder Morgan Trading Up 0.5%

Shares of NYSE:KMI opened at $33.23 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The company’s 50-day moving average price is $29.50 and its 200 day moving average price is $27.90. The company has a market cap of $73.93 billion, a PE ratio of 24.25, a P/E/G ratio of 2.74 and a beta of 0.68. Kinder Morgan has a fifty-two week low of $23.94 and a fifty-two week high of $33.35.

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

Kinder Morgan Announces Dividend

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

Insider Buying and Selling at Kinder Morgan

In related news, CFO David Patrick Michels sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 139,428 shares in the company, valued at approximately $4,182,840. This trade represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William A. Smith purchased 3,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was bought at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the acquisition, the director directly owned 31,087 shares of the company’s stock, valued at $924,838.25. This represents a 10.68% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have sold 46,498 shares of company stock worth $1,382,115. Company insiders own 12.73% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

A number of hedge funds have recently modified their holdings of the stock. Oak Grove Capital LLC increased its stake in Kinder Morgan by 25.6% in the 4th quarter. Oak Grove Capital LLC now owns 348,400 shares of the pipeline company’s stock worth $9,578,000 after purchasing an additional 71,000 shares in the last quarter. TD Capital Management LLC lifted its stake in Kinder Morgan by 36.0% during the fourth quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company’s stock valued at $34,000 after buying an additional 323 shares in the last quarter. Lynch Investment Planning LLC acquired a new position in shares of Kinder Morgan in the fourth quarter worth about $222,000. Virtu Financial LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth approximately $1,748,000. Finally, MV Capital Management Inc. acquired a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $44,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

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.