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

Kinder Morgan (NYSE:KMI) had its target price upped by Mizuho from $31.00 to $33.00 in a research report report published on Thursday. They currently have an overweight rating on the pipeline company’s stock.

A number of other brokerages have also recently issued reports on KMI. Wells Fargo & Company upped their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday. Truist Financial increased their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday. Barclays lifted their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Morgan Stanley raised their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday. Finally, Scotiabank began coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price for the company. Eight research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $28.92.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $30.50 on Thursday. The firm has a market capitalization of $67.77 billion, a P/E ratio of 26.76, a P/E/G ratio of 4.18 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. Kinder Morgan has a 52 week low of $16.47 and a 52 week high of $31.48. The firm’s 50 day moving average is $27.90 and its two-hundred day moving average is $24.32.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Research analysts forecast that Kinder Morgan will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 100.88%.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now directly owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction on Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 55,121 shares of company stock worth $1,497,000. Corporate insiders own 12.64% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

Several institutional investors and hedge funds have recently made changes to their positions in KMI. Custom Index Systems LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at about $280,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan in the 4th quarter valued at approximately $29,000. Austin Private Wealth LLC grew its holdings in Kinder Morgan by 7.9% during the 4th quarter. Austin Private Wealth LLC now owns 11,648 shares of the pipeline company’s stock valued at $319,000 after buying an additional 848 shares during the last quarter. Caprock Group LLC increased its position in Kinder Morgan by 9.8% during the fourth quarter. Caprock Group LLC now owns 73,916 shares of the pipeline company’s stock worth $2,025,000 after buying an additional 6,582 shares in the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new position in shares of Kinder Morgan in the fourth quarter worth $148,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

About Kinder Morgan

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.