Kinder Morgan (NYSE:KMI) Given New $21.00 Price Target at Barclays

Kinder Morgan (NYSE:KMI – Get Rating) had its target price lifted by research analysts at Barclays from $20.00 to $21.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the pipeline company’s stock. Barclays‘s price objective would suggest a potential upside of 12.00% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Morgan Stanley lifted their price target on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Monday, January 9th. StockNews.com started coverage on Kinder Morgan in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Citigroup initiated coverage on Kinder Morgan in a report on Thursday, December 8th. They issued a “neutral” rating and a $19.00 price target on the stock. Wells Fargo & Company decreased their price objective on Kinder Morgan from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Tuesday, October 25th. Finally, TD Securities cut their target price on Kinder Morgan from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, October 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.44.

Kinder Morgan Trading Up 2.1 %

NYSE KMI opened at $18.75 on Wednesday. The stock has a market capitalization of $42.15 billion, a P/E ratio of 17.05, a P/E/G ratio of 5.79 and a beta of 0.95. The business has a 50 day simple moving average of $18.35 and a 200 day simple moving average of $17.96. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.62 and a quick ratio of 0.50. Kinder Morgan has a one year low of $15.77 and a one year high of $20.20.

Kinder Morgan (NYSE:KMI – Get Rating) last posted its quarterly earnings results on Wednesday, January 18th. The pipeline company reported $0.30 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.30. The firm had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.86 billion. Kinder Morgan had a return on equity of 7.97% and a net margin of 13.20%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 EPS. Research analysts expect that Kinder Morgan will post 1.15 earnings per share for the current year.

Insider Activity

In related news, VP John W. Schlosser sold 1,500 shares of the business’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $18.00, for a total transaction of $27,000.00. Following the transaction, the vice president now directly owns 24,219 shares in the company, valued at $435,942. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 4,500 shares of company stock worth $82,320 over the last quarter. Insiders own 12.51% of the company’s stock.

Institutional Trading of Kinder Morgan

A number of hedge funds have recently bought and sold shares of the business. Centaurus Financial Inc. lifted its position in shares of Kinder Morgan by 6.5% in the third quarter. Centaurus Financial Inc. now owns 8,854 shares of the pipeline company’s stock valued at $147,000 after acquiring an additional 543 shares in the last quarter. Capital Asset Advisory Services LLC boosted its stake in Kinder Morgan by 1.5% in the 2nd quarter. Capital Asset Advisory Services LLC now owns 35,787 shares of the pipeline company’s stock worth $600,000 after purchasing an additional 545 shares during the period. Kovack Advisors Inc. grew its holdings in Kinder Morgan by 2.8% during the 3rd quarter. Kovack Advisors Inc. now owns 19,873 shares of the pipeline company’s stock valued at $331,000 after buying an additional 547 shares in the last quarter. Greenleaf Trust raised its position in shares of Kinder Morgan by 1.2% during the second quarter. Greenleaf Trust now owns 49,206 shares of the pipeline company’s stock valued at $825,000 after buying an additional 576 shares during the last quarter. Finally, Royal Capital Wealth Management LLC lifted its holdings in shares of Kinder Morgan by 4.1% in the third quarter. Royal Capital Wealth Management LLC now owns 14,753 shares of the pipeline company’s stock worth $245,000 after buying an additional 579 shares in the last quarter. 60.48% of the stock is currently owned by institutional investors.

About Kinder Morgan

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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.