UBS Group Raises Kinder Morgan (NYSE:KMI) Price Target to $30.00

Kinder Morgan (NYSE:KMI) had its price target lifted by UBS Group from $25.00 to $30.00 in a research note released on Tuesday, Benzinga reports. UBS Group currently has a buy rating on the pipeline company’s stock.

A number of other equities research analysts also recently commented on the company. Barclays increased their price objective on Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Bank of America started coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective on the stock. Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Friday, July 19th. The Goldman Sachs Group restated a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $24.91.

Kinder Morgan Trading Up 0.9 %

Shares of KMI stock opened at $24.99 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. The stock has a 50-day simple moving average of $22.35 and a 200 day simple moving average of $20.61. Kinder Morgan has a fifty-two week low of $15.91 and a fifty-two week high of $25.43. The stock has a market capitalization of $55.46 billion, a P/E ratio of 22.72, a P/E/G ratio of 3.27 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm earned $0.25 EPS. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, sell-side analysts expect that Kinder Morgan will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.2875 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.60%. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Insider Buying and Selling

In other Kinder Morgan news, 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 transaction of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction dated 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 transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total value of $2,101,000.00. Following the sale, the president now owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 817,040 shares of company stock worth $19,747,879. 12.64% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kinder Morgan

A number of institutional investors and hedge funds have recently bought and sold shares of KMI. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan during the third quarter valued at about $28,000. Pathway Financial Advisers LLC acquired a new position in Kinder Morgan in the 1st quarter valued at approximately $30,000. HWG Holdings LP bought a new stake in shares of Kinder Morgan in the 2nd quarter worth approximately $30,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan during the 1st quarter worth approximately $31,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Kinder Morgan during the second quarter valued at approximately $31,000. Institutional investors own 62.52% of the company’s stock.

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.