Kinder Morgan (NYSE:KMI) Stock Price Expected to Rise, Citigroup Analyst Says

Kinder Morgan (NYSE:KMI) had its target price hoisted by analysts at Citigroup from $28.00 to $33.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the pipeline company’s stock. Citigroup’s target price would indicate a potential downside of 2.19% from the stock’s current price.

Several other research analysts have also commented on KMI. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. TD Cowen upped their target price on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Scotiabank boosted their target price on shares of Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Thursday. Barclays reaffirmed an “overweight” rating on shares of Kinder Morgan in a research report on Friday, February 20th. Finally, Royal Bank Of Canada lifted their price target on shares of Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research report on Monday. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $34.33.

Kinder Morgan Price Performance

Shares of KMI traded down $0.29 during mid-day trading on Monday, reaching $33.74. 5,009,874 shares of the stock traded hands, compared to its average volume of 14,511,208. The company has a market cap of $75.06 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 3.12 and a beta of 0.68. Kinder Morgan has a 1 year low of $23.94 and a 1 year high of $34.73. The firm has a fifty day moving average price of $31.97 and a 200 day moving average price of $28.86. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. As a group, equities research analysts predict that Kinder Morgan will post 1.25 earnings per share for the current year.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $33.67, for a total transaction of $207,609.22. Following the sale, the vice president directly owned 188,872 shares in the company, valued at $6,359,320.24. This represents a 3.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Anthony B. Ashley sold 8,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total value of $255,600.00. Following the transaction, the vice president owned 100,146 shares of the company’s stock, valued at approximately $3,199,664.70. The trade was a 7.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 48,048 shares of company stock valued at $1,469,863 over the last quarter. 12.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kinder Morgan

Several hedge funds and other institutional investors have recently modified their holdings of KMI. Cornerstone Planning LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth $231,000. Rockefeller Capital Management L.P. grew its stake in Kinder Morgan by 3.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,839,433 shares of the pipeline company’s stock valued at $78,056,000 after acquiring an additional 98,288 shares during the period. Fund Advisors of America Inc FL acquired a new position in Kinder Morgan during the fourth quarter worth $650,000. World Investment Advisors lifted its holdings in Kinder Morgan by 26.4% during the fourth quarter. World Investment Advisors now owns 83,443 shares of the pipeline company’s stock valued at $2,294,000 after purchasing an additional 17,429 shares in the last quarter. Finally, Nalls Sherbakoff Group LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth about $339,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Company Profile

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.