Morgan Stanley Issues Positive Forecast for Kinder Morgan (NYSE:KMI) Stock Price

Kinder Morgan (NYSE:KMI) had its price objective upped by investment analysts at Morgan Stanley from $38.00 to $40.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the pipeline company’s stock. Morgan Stanley‘s target price points to a potential upside of 17.73% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group increased their price objective on Kinder Morgan from $33.00 to $37.00 and gave the company a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on Kinder Morgan from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, September 4th. Citigroup upped their target price on Kinder Morgan from $34.00 to $35.00 and gave the company a “neutral” rating in a report on Friday. Capital One Financial initiated coverage on Kinder Morgan in a research report on Tuesday, September 22nd. They issued an “equal weight” rating and a $36.00 price target for the company. Finally, Mizuho lifted their price target on Kinder Morgan from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.65.

Kinder Morgan Stock Down 1.3%

NYSE KMI opened at $33.98 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.36. The company’s 50 day simple moving average is $31.91 and its 200 day simple moving average is $31.86. Kinder Morgan has a 12 month low of $25.60 and a 12 month high of $34.81. The company has a market capitalization of $75.66 billion, a P/E ratio of 20.97, a PEG ratio of 2.36 and a beta of 0.59.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.37 billion. Kinder Morgan had a net margin of 19.64% and a return on equity of 10.84%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. Equities research analysts expect that Kinder Morgan will post 1.60 earnings per share for the current fiscal year.

Insider Transactions at Kinder Morgan

In related news, VP Michael Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction on Friday, October 16th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the completion of the sale, the vice president owned 47,313 shares of the company’s stock, valued at approximately $1,592,082.45. This trade represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.72% of the company’s stock.

Institutional Trading of Kinder Morgan

Several large investors have recently added to or reduced their stakes in KMI. Quadrant Capital Group LLC raised its holdings in shares of Kinder Morgan by 0.7% in the third quarter. Quadrant Capital Group LLC now owns 47,788 shares of the pipeline company’s stock valued at $1,598,000 after buying an additional 309 shares during the last quarter. Klingman & Associates LLC boosted its stake in shares of Kinder Morgan by 3.9% during the first quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company’s stock worth $285,000 after buying an additional 319 shares during the period. Transamerica Financial Advisors LLC boosted its stake in shares of Kinder Morgan by 72.9% during the second quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock worth $25,000 after buying an additional 328 shares during the period. Abel Hall LLC grew its holdings in shares of Kinder Morgan by 4.0% during the first quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company’s stock worth $288,000 after buying an additional 330 shares during the last quarter. Finally, Optivise Advisory Services LLC grew its holdings in shares of Kinder Morgan by 2.9% during the third quarter. Optivise Advisory Services LLC now owns 12,534 shares of the pipeline company’s stock worth $378,000 after buying an additional 354 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

About Kinder Morgan

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.