Morgan Stanley Forecasts Strong Price Appreciation for Kinder Morgan (NYSE:KMI) Stock

Kinder Morgan (NYSE:KMIGet Free Report) had its price target increased by analysts at Morgan Stanley from $34.00 to $36.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the pipeline company’s stock. Morgan Stanley’s target price points to a potential upside of 6.07% from the stock’s previous close.

A number of other brokerages have also recently weighed in on KMI. Stifel Nicolaus upped their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. TD Cowen upped their price target on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Jefferies Financial Group lifted their price objective on Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada raised their price target on Kinder Morgan from $30.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $32.62.

Read Our Latest Stock Report on Kinder Morgan

Kinder Morgan Price Performance

Shares of KMI stock opened at $33.94 on Tuesday. The stock has a market cap of $75.51 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 2.74 and a beta of 0.68. The business’s fifty day moving average is $29.91 and its 200 day moving average is $28.04. Kinder Morgan has a twelve month low of $23.94 and a twelve month high of $34.24. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMIGet Free Report) last announced its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. Research analysts expect that Kinder Morgan will post 1.25 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $30.09, for a total value of $185,534.94. Following the completion of the sale, the vice president directly owned 195,038 shares in the company, valued at approximately $5,868,693.42. This trade represents a 3.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Patrick Michels sold 20,000 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer owned 139,428 shares in the company, valued at $4,182,840. This represents a 12.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 46,498 shares of company stock valued at $1,382,115. 12.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kinder Morgan

A number of large investors have recently added to or reduced their stakes in KMI. Davis Capital Management purchased a new position in Kinder Morgan during the third quarter valued at approximately $1,426,000. Providence Capital Advisors LLC purchased a new stake in shares of Kinder Morgan in the third quarter worth $2,674,000. Meixler Investment Management Ltd. bought a new stake in shares of Kinder Morgan during the 3rd quarter valued at $1,882,000. Vise Technologies Inc. bought a new stake in shares of Kinder Morgan during the 2nd quarter valued at $1,713,000. Finally, Carnegie Investment Counsel lifted its stake in shares of Kinder Morgan by 9.8% during the 3rd quarter. Carnegie Investment Counsel now owns 755,295 shares of the pipeline company’s stock valued at $21,382,000 after buying an additional 67,274 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

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About Kinder Morgan

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Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.

Further Reading

Analyst Recommendations for Kinder Morgan (NYSE:KMI)

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