Kinder Morgan, Inc. (NYSE:KMI – Get Free Report) was the target of unusually large options trading activity on Tuesday. Stock investors acquired 26,802 call options on the company. This represents an increase of approximately 45% compared to the typical volume of 18,489 call options.
Analyst Ratings Changes
A number of research firms have recently commented on KMI. Truist Financial boosted their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. UBS Group boosted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Royal Bank of Canada raised their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research report on Friday, October 18th. Finally, The Goldman Sachs Group raised their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $26.67.
View Our Latest Research Report on KMI
Kinder Morgan Price Performance
Kinder Morgan (NYSE:KMI – Get Free Report) last released 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 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 analyst estimates of $4.05 billion. During the same quarter in the prior year, the company earned $0.25 EPS. The business’s revenue was down 5.3% on a year-over-year basis. As a group, equities research analysts forecast that Kinder Morgan will post 1.18 EPS for the current fiscal year.
Insiders Place Their Bets
In other Kinder Morgan news, Director Amy W. Chronis purchased 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. This trade represents a 10.30 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were 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 directly 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. Over the last quarter, insiders sold 745,263 shares of company stock worth $18,578,014. Company insiders own 12.64% of the company’s stock.
Institutional Investors Weigh In On Kinder Morgan
Several hedge funds have recently made changes to their positions in the business. American Century Companies Inc. raised its stake in shares of Kinder Morgan by 1.6% during the second quarter. American Century Companies Inc. now owns 346,183 shares of the pipeline company’s stock worth $6,879,000 after purchasing an additional 5,402 shares during the last quarter. Thoroughbred Financial Services LLC increased its stake in Kinder Morgan by 344.6% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 47,274 shares of the pipeline company’s stock valued at $939,000 after buying an additional 36,640 shares during the period. Oppenheimer Asset Management Inc. raised its position in Kinder Morgan by 2.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 88,969 shares of the pipeline company’s stock worth $1,768,000 after buying an additional 2,356 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of Kinder Morgan by 11.0% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 24,103 shares of the pipeline company’s stock worth $479,000 after acquiring an additional 2,385 shares during the period. Finally, Keene & Associates Inc. purchased a new stake in shares of Kinder Morgan in the second quarter valued at about $3,433,000. Institutional investors and hedge funds own 62.52% of the company’s stock.
Kinder Morgan Company Profile
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.
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