Kinder Morgan (NYSE:KMI) Stock Price Expected to Rise, Citigroup Analyst Says

Kinder Morgan (NYSE:KMI) had its target price lifted by stock analysts at Citigroup from $28.00 to $33.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the pipeline company’s stock. Citigroup’s target price would indicate a potential downside of 1.33% from the stock’s current price.

A number of other analysts have also recently commented on KMI. Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Wells Fargo & Company raised their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Truist Financial began coverage on Kinder Morgan in a report on Tuesday, March 24th. They set a “hold” rating and a $38.00 price target for the company. Finally, Royal Bank Of Canada upped their price objective on Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Monday. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Kinder Morgan currently has a consensus rating of “Hold” and a consensus price target of $34.33.

Kinder Morgan Stock Performance

KMI opened at $33.45 on Monday. The company has a market capitalization of $74.41 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 3.08 and a beta of 0.68. The business’s 50-day moving average price is $32.19 and its two-hundred day moving average price is $28.94. Kinder Morgan has a 1 year low of $23.94 and a 1 year high of $34.73. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50.

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

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $33.30, for a total transaction of $51,615.00. Following the transaction, the vice president owned 46,393 shares in the company, valued at $1,544,886.90. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Patrick Michels sold 20,000 shares of the firm’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the transaction, the chief financial officer owned 139,428 shares in the company, valued at $4,182,840. The trade was a 12.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 48,048 shares of company stock valued at $1,469,863. 12.73% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kinder Morgan

Several institutional investors and hedge funds have recently added to or reduced their stakes in KMI. Cornerstone Planning LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at $231,000. Rockefeller Capital Management L.P. increased its holdings in Kinder Morgan by 3.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,839,433 shares of the pipeline company’s stock worth $78,056,000 after purchasing an additional 98,288 shares in the last quarter. Fund Advisors of America Inc FL acquired a new position in Kinder Morgan in the 4th quarter worth about $650,000. World Investment Advisors raised its position in Kinder Morgan by 26.4% in the fourth quarter. World Investment Advisors now owns 83,443 shares of the pipeline company’s stock valued at $2,294,000 after purchasing an additional 17,429 shares during the last quarter. Finally, Nalls Sherbakoff Group LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter valued at about $339,000. Institutional investors own 62.52% of the company’s stock.

About Kinder Morgan

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.