Kinder Morgan (NYSE:KMI) Stock Price Expected to Rise, Mizuho Analyst Says

Kinder Morgan (NYSE:KMI) had its price target lifted by equities researchers at Mizuho from $31.00 to $33.00 in a research note issued to investors on Thursday. The brokerage currently has an “overweight” rating on the pipeline company’s stock. Mizuho’s target price indicates a potential upside of 8.71% from the stock’s previous close.

A number of other research analysts have also commented on the company. UBS Group upped their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. The Goldman Sachs Group increased their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Scotiabank initiated coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective for the company. Wells Fargo & Company increased their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Morgan Stanley increased their price objective on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $28.92.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock traded down $0.43 during trading on Thursday, hitting $30.36. 13,191,300 shares of the stock were exchanged, compared to its average volume of 14,481,699. Kinder Morgan has a 12 month low of $16.47 and a 12 month high of $31.48. The stock has a market cap of $67.44 billion, a PE ratio of 26.60, a P/E/G ratio of 4.18 and a beta of 0.94. The stock’s fifty day moving average is $27.90 and its 200 day moving average is $24.32. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (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%. As a group, sell-side analysts anticipate that Kinder Morgan will post 1.18 EPS for the current year.

Insider Buying and Selling

In other news, Director Amy W. Chronis purchased 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the firm’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 approximately $24,048,707.32. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,121 shares of company stock valued at $1,497,000 over the last 90 days. Company insiders own 12.64% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AE Wealth Management LLC lifted its stake in shares of Kinder Morgan by 9.3% in the 2nd quarter. AE Wealth Management LLC now owns 46,888 shares of the pipeline company’s stock valued at $932,000 after acquiring an additional 4,003 shares during the last quarter. Sei Investments Co. lifted its position in Kinder Morgan by 14.6% during the 2nd quarter. Sei Investments Co. now owns 803,815 shares of the pipeline company’s stock valued at $15,973,000 after acquiring an additional 102,447 shares during the period. 1832 Asset Management L.P. purchased a new stake in shares of Kinder Morgan in the 2nd quarter worth approximately $2,561,000. EverSource Wealth Advisors LLC increased its stake in Kinder Morgan by 25.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 9,497 shares of the pipeline company’s stock valued at $201,000 after purchasing an additional 1,931 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Kinder Morgan by 60.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 382,549 shares of the pipeline company’s stock valued at $7,601,000 after acquiring an additional 143,705 shares in the last quarter. Hedge funds and other institutional investors 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.