UBS Group Boosts Kinder Morgan (NYSE:KMI) Price Target to $30.00

Kinder Morgan (NYSE:KMI) had its target price boosted by UBS Group from $25.00 to $30.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the pipeline company’s stock.

Several other research firms also recently commented on KMI. Barclays raised their price objective on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a report on Friday. The Goldman Sachs Group reaffirmed a “conviction-buy” rating on shares of Kinder Morgan in a report on Friday. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, Scotiabank increased their target price 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. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.91.

Kinder Morgan Stock Up 0.3 %

Kinder Morgan stock opened at $24.81 on Tuesday. Kinder Morgan has a twelve month low of $15.91 and a twelve month high of $25.43. The firm has a 50 day moving average price of $22.27 and a 200-day moving average price of $20.58. The company has a market capitalization of $55.06 billion, a P/E ratio of 22.55, a P/E/G ratio of 3.27 and a beta of 0.93. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period last year, the business posted $0.25 earnings per share. As a group, equities analysts predict that Kinder Morgan will post 1.19 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.

Insider Activity

In other news, President Thomas A. Martin sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Thomas A. Martin sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 126,898 shares of company stock worth $2,666,865. 12.64% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kinder Morgan

Large investors have recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan in the 3rd quarter worth $28,000. Pathway Financial Advisers LLC purchased a new position in Kinder Morgan in the 1st quarter worth $30,000. HWG Holdings LP purchased a new position in Kinder Morgan in the 2nd quarter worth $30,000. Redmont Wealth Advisors LLC purchased a new position in Kinder Morgan in the 1st quarter worth $31,000. Finally, Strategic Financial Concepts LLC purchased a new position in Kinder Morgan in the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Company Profile

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.