UBS Group Boosts Kinder Morgan (NYSE:KMI) Price Target to $38.00

Kinder Morgan (NYSE:KMI) had its price target hoisted by investment analysts at UBS Group from $34.00 to $38.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the pipeline company’s stock. UBS Group’s price objective points to a potential upside of 37.02% from the company’s previous close.

Other analysts also recently issued research reports about the company. The Goldman Sachs Group lifted their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada boosted their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Barclays boosted their target price on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Bank of America assumed coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price for the company. Finally, Truist Financial boosted their target price on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.23.

Kinder Morgan Price Performance

KMI stock traded down $2.54 during mid-day trading on Monday, reaching $27.73. 8,749,076 shares of the company traded hands, compared to its average volume of 14,433,976. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The company has a market capitalization of $61.61 billion, a P/E ratio of 23.70, a P/E/G ratio of 4.13 and a beta of 0.94. Kinder Morgan has a 52-week low of $16.47 and a 52-week high of $31.48. The company has a fifty day moving average price of $28.03 and a 200-day moving average price of $24.50.

Kinder Morgan (NYSE:KMI) last issued 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 8.10%. As a group, analysts anticipate that Kinder Morgan will post 1.27 earnings per share for the current year.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the transaction, the president now directly owns 879,652 shares of the company’s stock, valued at $24,049,685.68. This trade represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,121 shares of company stock worth $1,497,000. 12.64% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. CX Institutional increased its position in Kinder Morgan by 2.3% during the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock valued at $429,000 after acquiring an additional 354 shares during the last quarter. Sunflower Bank N.A. grew its holdings in Kinder Morgan by 3.6% during the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock worth $288,000 after acquiring an additional 367 shares in the last quarter. Ignite Planners LLC grew its holdings in Kinder Morgan by 3.9% during the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock worth $282,000 after acquiring an additional 372 shares in the last quarter. Eagle Bay Advisors LLC grew its holdings in Kinder Morgan by 8.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock worth $142,000 after acquiring an additional 385 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in Kinder Morgan by 0.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company’s stock worth $2,000,000 after acquiring an additional 414 shares in the last quarter. 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.