Kinder Morgan (NYSE:KMI) PT Raised to $22.00 at Mizuho

Kinder Morgan (NYSE:KMI) had its price objective raised by equities researchers at Mizuho from $21.00 to $22.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the pipeline company’s stock. Mizuho’s price objective suggests a potential upside of 25.21% from the stock’s current price.

KMI has been the subject of a number of other research reports. Royal Bank of Canada raised their target price on Kinder Morgan from $16.00 to $17.00 and gave the company a “sector perform” rating in a report on Thursday, April 22nd. Wells Fargo & Company reaffirmed an “underweight” rating on shares of Kinder Morgan in a research note on Wednesday, May 19th. TD Securities lifted their price target on Kinder Morgan from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, June 3rd. Piper Sandler lifted their price target on Kinder Morgan from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, June 17th. Finally, TheStreet raised Kinder Morgan from a “c+” rating to a “b” rating in a research note on Wednesday, April 21st. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $16.93.

NYSE:KMI opened at $17.57 on Thursday. The firm has a fifty day moving average price of $18.39. Kinder Morgan has a 1-year low of $11.45 and a 1-year high of $19.29. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 0.95. The stock has a market cap of $39.79 billion, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of 4.76 and a beta of 1.14.

Kinder Morgan (NYSE:KMI) last released its earnings results on Tuesday, July 20th. The pipeline company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Kinder Morgan had a return on equity of 8.85% and a net margin of 13.28%. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the company earned $0.17 earnings per share. Kinder Morgan’s quarterly revenue was up 23.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Kinder Morgan will post 1.22 earnings per share for the current year.

In other news, VP John W. Schlosser sold 4,500 shares of the business’s stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $18.00, for a total transaction of $81,000.00. Following the completion of the sale, the vice president now owns 45,219 shares in the company, valued at approximately $813,942. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John W. Schlosser sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 25th. The stock was sold at an average price of $18.71, for a total value of $28,065.00. Following the sale, the vice president now owns 43,719 shares of the company’s stock, valued at approximately $817,982.49. The disclosure for this sale can be found here. Insiders sold a total of 7,500 shares of company stock valued at $136,410 in the last 90 days. 14.22% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of KMI. FMR LLC grew its holdings in shares of Kinder Morgan by 12.0% during the 1st quarter. FMR LLC now owns 1,037,820 shares of the pipeline company’s stock worth $20,767,000 after purchasing an additional 111,096 shares during the period. Los Angeles Capital Management LLC lifted its position in Kinder Morgan by 187.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 37,700 shares of the pipeline company’s stock worth $515,000 after acquiring an additional 24,570 shares in the last quarter. FIL Ltd lifted its position in Kinder Morgan by 17.7% during the 4th quarter. FIL Ltd now owns 264,904 shares of the pipeline company’s stock worth $3,621,000 after acquiring an additional 39,923 shares in the last quarter. ExodusPoint Capital Management LP acquired a new position in Kinder Morgan during the 4th quarter worth approximately $4,212,000. Finally, Prelude Capital Management LLC lifted its position in Kinder Morgan by 339.0% during the 4th quarter. Prelude Capital Management LLC now owns 19,875 shares of the pipeline company’s stock worth $272,000 after acquiring an additional 15,348 shares in the last quarter. Institutional investors and hedge funds own 59.43% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company 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 underground 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 liquefaction and storage facilities.

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