Kinder Morgan (NYSE:KMI) Price Target Raised to $30.00

Kinder Morgan (NYSE:KMI) had its target price hoisted by Scotiabank from $29.00 to $30.00 in a research note released on Friday, Marketbeat reports. The brokerage currently has a sector perform rating on the pipeline company’s stock.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada upped their price target on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. TD Cowen boosted their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group reaffirmed a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a report on Friday, December 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus upped their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.07.

Kinder Morgan Stock Performance

NYSE KMI opened at $29.58 on Friday. The stock has a market capitalization of $65.80 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 2.40 and a beta of 0.69. The business’s 50 day moving average is $27.27 and its two-hundred day moving average is $27.22. Kinder Morgan has a 12-month low of $23.94 and a 12-month high of $30.56. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last posted 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. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same period last year, the firm earned $0.30 EPS. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. Research analysts expect that Kinder Morgan will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be paid a $0.2925 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 4.0%. Kinder Morgan’s dividend payout ratio is presently 85.40%.

Insider Buying and Selling at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the sale, the vice president owned 201,204 shares in the company, valued at approximately $5,531,097.96. This trade represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy W. Chronis bought 3,800 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average cost of $26.23 per share, with a total value of $99,674.00. Following the purchase, the director directly owned 39,051 shares in the company, valued at $1,024,307.73. The trade was a 10.78% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 18,498 shares of company stock valued at $507,462 in the last three months. 12.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kinder Morgan

A number of hedge funds and other institutional investors have recently modified their holdings of KMI. Norges Bank acquired a new stake in Kinder Morgan during the second quarter worth approximately $1,162,802,000. AQR Capital Management LLC boosted its holdings in shares of 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 last quarter. Merewether Investment Management LP acquired a new stake in shares of Kinder Morgan during the second quarter worth $138,477,000. Zimmer Partners LP grew 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 increased its stake in Kinder Morgan by 54.5% in the second quarter. 59 North Capital Management LP now owns 10,597,380 shares of the pipeline company’s stock valued at $311,563,000 after purchasing an additional 3,739,398 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan News Roundup

Here are the key news stories impacting Kinder Morgan this week:

• Positive Sentiment: Record Q4 and full?year results — KMI reported higher revenue and EPS that beat consensus, with strong Natural Gas Pipelines contributions and a larger backlog that helped drive a jump in net income. Kinder Morgan Posts Record Earnings
• Positive Sentiment: Structural LNG tailwinds/backlog — management cites rising LNG feed?gas demand and a >$10B project backlog that should underpin multi?year cash flow and project EBITDA as new projects come online. LNG feed gas demand & backlog
• Positive Sentiment: Dividend and capital returns — KMI declared the quarterly dividend (maintains a ~4% yield) and reiterated capital allocation that supports distributions while funding growth projects.
• Positive Sentiment: Insiders and buying signals — recent insider purchases (including Amy W. Chronis and others) and elevated call?option activity signal some bullish conviction from traders. Amy Chronis purchase
• Neutral Sentiment: Asset sale — KMI sold its Eagle Ford JV stake for ~$396M to BPX, which raises near?term cash and simplifies upstream exposure; impact on long?term earnings depends on redeployment. Eagle Ford sale
• Neutral Sentiment: Analyst/price target moves — modest target increases and “sector perform” notes (e.g., Scotiabank) reflect cautious optimism but limited near?term upside. Price target update
• Negative Sentiment: Cautious guidance — management issued relatively conservative near?term guidance despite the strong quarter, which can cap investor enthusiasm for an immediate rerating. MarketBeat: cautious guidance
• Negative Sentiment: Mixed insider activity — while some insiders bought, Quiver/filings show multiple executive share sales in recent months, which can be read as profit?taking by some market participants. Quiver insider activity

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.