UBS Group Increases Kinder Morgan (NYSE:KMI) Price Target to $33.00

Kinder Morgan (NYSE:KMI) had its price target lifted by UBS Group from $30.00 to $33.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the pipeline company’s stock. UBS Group’s target price indicates a potential upside of 22.36% from the stock’s current price.

KMI has been the topic of several other research reports. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Friday, July 19th. Bank of America began coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research report on Friday, October 18th. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Finally, Truist Financial raised their price objective on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $25.36.

Kinder Morgan Trading Up 0.8 %

KMI traded up $0.21 during trading on Friday, reaching $26.97. 2,172,220 shares of the company’s stock were exchanged, compared to its average volume of 13,826,185. The company’s fifty day moving average price is $23.72 and its 200-day moving average price is $21.40. The firm has a market capitalization of $59.92 billion, a PE ratio of 23.66, a P/E/G ratio of 3.69 and a beta of 0.91. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan has a fifty-two week low of $16.47 and a fifty-two week high of $27.58.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the firm posted $0.25 earnings per share. The company’s revenue was down 5.3% compared to the same quarter last year. As a group, equities analysts forecast that Kinder Morgan will post 1.18 EPS for the current year.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value 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 $23,590,294.56. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the sale, the director now owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.64% 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 the stock. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan in the 3rd quarter worth approximately $28,000. Pathway Financial Advisers LLC acquired a new stake in Kinder Morgan during the first quarter worth $30,000. HWG Holdings LP purchased a new stake in Kinder Morgan in the second quarter valued at approximately $30,000. Planning Capital Management Corp increased its stake in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Kinder Morgan in the 2nd quarter valued at about $31,000. 62.52% of the stock is 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.