Kinder Morgan (NYSE:KMI) Price Target Raised to $36.00 at Morgan Stanley

Kinder Morgan (NYSE:KMI) had its price target raised by analysts at Morgan Stanley from $34.00 to $36.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the pipeline company’s stock. Morgan Stanley’s target price suggests a potential upside of 6.01% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Royal Bank Of Canada increased their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “sector perform” rating in a research note on Friday. Stifel Nicolaus upped their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. TD Cowen raised their price target on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Mizuho dropped their target price on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. Finally, Barclays reissued an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.62.

Kinder Morgan Stock Up 0.2%

Shares of Kinder Morgan stock traded up $0.07 during midday trading on Tuesday, hitting $33.96. The company’s stock had a trading volume of 5,349,662 shares, compared to its average volume of 14,481,504. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $75.55 billion, a P/E ratio of 24.79, a PEG ratio of 2.74 and a beta of 0.68. The stock has a 50-day simple moving average of $29.64 and a 200-day simple moving average of $27.95. Kinder Morgan has a 1-year low of $23.94 and a 1-year high of $34.24.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 EPS. As a group, sell-side analysts expect that Kinder Morgan will post 1.25 earnings per share for the current year.

Insider Activity

In other Kinder Morgan news, CFO David Patrick Michels sold 20,000 shares of the stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer owned 139,428 shares in the company, valued at $4,182,840. This trade represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $30.09, for a total transaction of $185,534.94. Following the transaction, the vice president owned 195,038 shares in the company, valued at $5,868,693.42. This represents a 3.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 46,498 shares of company stock valued at $1,382,115. 12.73% of the stock is owned by insiders.

Institutional Trading of Kinder Morgan

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $1,132,125,000. AQR Capital Management LLC boosted its position in Kinder Morgan by 431.9% during the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $185,971,000 after purchasing an additional 5,333,986 shares during the period. Merewether Investment Management LP acquired a new position in shares of Kinder Morgan in the second quarter valued at $138,477,000. Zimmer Partners LP raised its position in shares of Kinder Morgan by 177.8% in the third quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock valued at $171,845,000 after purchasing an additional 3,885,000 shares during the period. Finally, 59 North Capital Management LP lifted its stake in shares of Kinder Morgan by 54.5% during the 2nd quarter. 59 North Capital Management LP now owns 10,597,380 shares of the pipeline company’s stock worth $311,563,000 after buying an additional 3,739,398 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.