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

Kinder Morgan (NYSE:KMI) had its price objective upped by analysts at Barclays from $27.00 to $31.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the pipeline company’s stock. Barclays‘s price target would suggest a potential upside of 3.99% from the stock’s current price.

Several other equities research analysts have also weighed in on KMI. Bank of America started coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price on the stock. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Truist Financial increased their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Royal Bank of Canada raised their target price 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. Finally, Scotiabank started coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $27.00.

Kinder Morgan Price Performance

Shares of KMI stock traded up $0.37 during trading hours on Thursday, reaching $29.81. 5,609,172 shares of the company were exchanged, compared to its average volume of 11,504,691. Kinder Morgan has a fifty-two week low of $16.47 and a fifty-two week high of $29.85. The stock’s fifty day moving average is $27.47 and its two-hundred day moving average is $23.91. The company has a market cap of $66.23 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 3.71 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last announced its earnings results 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). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. Kinder Morgan’s revenue for the quarter was down 5.3% on a year-over-year basis. Sell-side analysts forecast that Kinder Morgan will post 1.17 earnings per share for the current fiscal year.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the sale, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now owns 23,995 shares in the company, valued at $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 745,263 shares of company stock worth $18,578,014. 12.64% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter valued at approximately $27,000. Northwest Investment Counselors LLC bought a new position in shares of Kinder Morgan in the third quarter worth approximately $28,000. Planning Capital Management Corp lifted its holdings in shares of Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares in the last quarter. Finally, HM Payson & Co. lifted its holdings in shares of Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after buying an additional 1,145 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

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.