Kinder Morgan (NYSE:KMI) Coverage Initiated by Analysts at Scotiabank

Investment analysts at Scotiabank started coverage on shares of Kinder Morgan (NYSE:KMI) in a note issued to investors on Friday, MarketBeat.com reports. The brokerage set a “sector perform” rating and a $26.00 price target on the pipeline company’s stock. Scotiabank’s target price points to a potential downside of 8.06% from the company’s current price.

A number of other brokerages also recently commented on KMI. Royal Bank of Canada lifted their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Bank of America started coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target on the stock. Wells Fargo & Company upped their price objective on Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. UBS Group lifted their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Truist Financial raised their price target on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.67.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $28.28 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The business has a 50-day moving average of $27.23 and a 200-day moving average of $23.68. The stock has a market capitalization of $62.83 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 3.87 and a beta of 0.94. Kinder Morgan has a fifty-two week low of $16.47 and a fifty-two week high of $28.81.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. As a group, sell-side analysts predict that Kinder Morgan will post 1.18 earnings per share for the current fiscal 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 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 transaction, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the sale, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. The trade was a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 745,263 shares of company stock valued at $18,578,014 in the last quarter. Company insiders own 12.81% of the company’s stock.

Institutional Trading of Kinder Morgan

Large investors have recently made changes to their positions in the company. Modus Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter worth $27,000. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan during the 3rd quarter worth $28,000. HWG Holdings LP bought a new stake in shares of Kinder Morgan during the 2nd quarter worth $30,000. Planning Capital Management Corp boosted its stake in Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares in the last quarter. Finally, HM Payson & Co. grew its position in Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 1,145 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

About Kinder Morgan

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.