Kinder Morgan (NYSE:KMI) Given New $33.00 Price Target at Wells Fargo & Company

Kinder Morgan (NYSE:KMI) had its price objective lifted by equities researchers at Wells Fargo & Company from $30.00 to $33.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the pipeline company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 8.39% from the company’s previous close.

A number of other brokerages have also recently weighed in on KMI. Barclays boosted their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Truist Financial upped their price objective on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. UBS Group boosted their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Scotiabank began coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. Finally, Royal Bank of Canada boosted their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $27.25.

Kinder Morgan Stock Down 1.1 %

Kinder Morgan stock opened at $30.45 on Thursday. Kinder Morgan has a fifty-two week low of $16.47 and a fifty-two week high of $31.48. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The firm has a 50 day moving average price of $27.90 and a 200 day moving average price of $24.32. The company has a market capitalization of $67.64 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 4.18 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Research analysts expect that Kinder Morgan will post 1.18 earnings per share for the current year.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the transaction, the president now directly owns 879,652 shares in the company, valued at approximately $24,049,685.68. This trade represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy W. Chronis purchased 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 55,121 shares of company stock valued at $1,497,000. 12.64% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kinder Morgan

Large investors have recently bought and sold shares of the business. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan in the fourth quarter worth about $25,000. Modus Advisors LLC bought a new position in Kinder Morgan in the fourth quarter worth about $27,000. Northwest Investment Counselors LLC bought a new position in Kinder Morgan in the third quarter worth about $28,000. Planning Capital Management Corp raised its holdings in shares of Kinder Morgan by 143.6% during 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 during the last quarter. Finally, HM Payson & Co. raised its holdings in shares of Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after buying an additional 1,145 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.