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.
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
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.
- Get a free copy of the StockNews.com research report on Kinder Morgan (KMI)
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