Kinder Morgan (NYSE:KMI) PT Raised to $25.00 at Truist Financial

by · The Markets Daily

Kinder Morgan (NYSE:KMI – Get Free Report) had its target price hoisted by equities research analysts at Truist Financial from $22.00 to $25.00 in a report issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the pipeline company’s stock. Truist Financial’s price target indicates a potential upside of 0.20% from the company’s previous close.

Several other research firms have also issued reports on KMI. Scotiabank lifted their price target on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 17th. Barclays boosted their target price on Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Royal Bank of Canada increased their price target on Kinder Morgan from $22.00 to $24.00 and gave the stock a “sector perform” rating in a report on Wednesday. Morgan Stanley upgraded Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 price objective for the company in a report on Monday, September 16th. Finally, Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Friday, July 19th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.27.

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Kinder Morgan Trading Up 0.5 %

KMI opened at $24.95 on Thursday. Kinder Morgan has a 12 month low of $15.91 and a 12 month high of $25.43. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. The stock has a 50-day moving average of $22.12 and a 200 day moving average of $20.47. The firm has a market cap of $55.37 billion, a P/E ratio of 22.68, a P/E/G ratio of 3.27 and a beta of 0.93.

Kinder Morgan (NYSE:KMI – Get Free Report) last announced its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. Kinder Morgan’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 EPS. As a group, research analysts forecast that Kinder Morgan will post 1.19 EPS for the current year.

Insider Activity

In related news, President Thomas A. Martin sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the sale, the president now directly owns 916,773 shares of the company’s stock, valued at $19,261,400.73. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total value of $2,101,000.00. Following the sale, the president now owns 916,773 shares in the company, valued at approximately $19,261,400.73. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 148,311 shares of company stock valued at $3,121,891 in the last quarter. 12.64% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kinder Morgan

Hedge funds have recently modified their holdings of the company. SignalPoint Asset Management LLC raised its holdings in Kinder Morgan by 1.5% in the 3rd quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock worth $655,000 after purchasing an additional 447 shares during the period. Trust Co. of Oklahoma grew its stake in Kinder Morgan by 1.5% in the 3rd quarter. Trust Co. of Oklahoma now owns 33,586 shares of the pipeline company’s stock valued at $742,000 after acquiring an additional 486 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Kinder Morgan by 0.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 165,827 shares of the pipeline company’s stock worth $3,295,000 after acquiring an additional 530 shares in the last quarter. Premier Path Wealth Partners LLC raised its position in Kinder Morgan by 1.4% during the second quarter. Premier Path Wealth Partners LLC now owns 39,525 shares of the pipeline company’s stock worth $785,000 after acquiring an additional 545 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in Kinder Morgan by 4.4% during the second quarter. First Horizon Advisors Inc. now owns 13,415 shares of the pipeline company’s stock valued at $267,000 after purchasing an additional 566 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Company Profile

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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.

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