Kinder Morgan (NYSE:KMI) Price Target Raised to $33.00 at Stifel Nicolaus

Kinder Morgan (NYSE:KMI) had its price target hoisted by research analysts at Stifel Nicolaus from $30.00 to $33.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the pipeline company’s stock. Stifel Nicolaus’ price objective suggests a potential downside of 1.15% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group boosted their target price on shares of Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada increased their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. Scotiabank raised their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, January 23rd. Mizuho upped their price objective on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, March 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.38.

Kinder Morgan Stock Performance

NYSE:KMI traded up $0.02 during mid-day trading on Friday, hitting $33.38. 2,281,261 shares of the company’s stock traded hands, compared to its average volume of 14,295,885. The firm has a market capitalization of $74.27 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 3.05 and a beta of 0.68. The firm has a 50 day moving average of $30.61 and a two-hundred day moving average of $28.31. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95. Kinder Morgan has a 12 month low of $23.94 and a 12 month high of $34.24.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the business posted $0.30 EPS. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, equities analysts forecast that Kinder Morgan will post 1.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $33.67, for a total value of $207,609.22. Following the completion of the transaction, the vice president owned 188,872 shares of the company’s stock, valued at $6,359,320.24. This represents a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David Patrick Michels sold 20,000 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer owned 139,428 shares of the company’s stock, valued at approximately $4,182,840. This represents a 12.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 46,498 shares of company stock valued at $1,418,248 over the last quarter. 12.73% of the stock is currently owned by insiders.

Institutional Trading of Kinder Morgan

Several institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at $308,000. Schnieders Capital Management LLC. increased its position in shares of Kinder Morgan by 11.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock worth $2,042,000 after purchasing an additional 7,081 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Kinder Morgan by 3.6% during the 2nd quarter. SBI Securities Co. Ltd. now owns 31,658 shares of the pipeline company’s stock valued at $931,000 after purchasing an additional 1,111 shares during the last quarter. Wealth Alliance LLC boosted its position in Kinder Morgan by 5.3% in the second quarter. Wealth Alliance LLC now owns 11,675 shares of the pipeline company’s stock valued at $343,000 after buying an additional 583 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Kinder Morgan by 2.4% in the second quarter. PNC Financial Services Group Inc. now owns 449,427 shares of the pipeline company’s stock valued at $13,213,000 after buying an additional 10,419 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

About Kinder Morgan

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.