Royal Bank of Canada Raises Kinder Morgan (NYSE:KMI) Price Target to $27.00

Kinder Morgan (NYSE:KMI) had its price target hoisted by Royal Bank of Canada from $26.00 to $27.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “sector perform” rating on the pipeline company’s stock. Royal Bank of Canada’s target price indicates a potential downside of 1.41% from the company’s current price.

KMI has been the subject of a number of other research reports. Mizuho upped their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Morgan Stanley raised their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Wells Fargo & Company upped their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Citigroup lifted their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Scotiabank started coverage on Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $29.21.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded up $0.29 during midday trading on Monday, hitting $27.39. 5,275,074 shares of the stock traded hands, compared to its average volume of 15,477,708. The firm has a market capitalization of $60.85 billion, a P/E ratio of 23.42, a PEG ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan has a one year low of $17.42 and a one year high of $31.48. The firm has a 50-day moving average of $27.77 and a two-hundred day moving average of $25.55.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, equities analysts forecast that Kinder Morgan will post 1.25 EPS for the current fiscal year.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,461 shares of company stock worth $3,504,136. 12.64% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan in the fourth quarter worth about $25,000. Centricity Wealth Management LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth approximately $25,000. Hurley Capital LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth approximately $25,000. Fourth Dimension Wealth LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at approximately $26,000. Finally, Modus Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $27,000. 62.52% of the stock is owned by 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.