Kinder Morgan (NYSE:KMI) Stock Price Up 1% – Time to Buy?

Shares of Kinder Morgan, Inc. (NYSE:KMI) were up 1% on Wednesday . The company traded as high as $29.58 and last traded at $29.40. Approximately 2,905,565 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 11,129,002 shares. The stock had previously closed at $29.12.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Scotiabank assumed coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective on the stock. UBS Group upped their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group upped their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Truist Financial raised their price target on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Kinder Morgan Price Performance

The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The stock has a market capitalization of $67.36 billion, a PE ratio of 26.59, a P/E/G ratio of 3.71 and a beta of 0.94. The company has a 50-day moving average of $27.61 and a two-hundred day moving average of $23.99.

Kinder Morgan (NYSE:KMI) last released its earnings results 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 return on equity of 7.87% and a net margin of 16.76%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the business posted $0.25 earnings per share. Kinder Morgan’s revenue was down 5.3% on a year-over-year basis. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.17 EPS for the current fiscal year.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the transaction, the president now directly owns 897,652 shares of the company’s stock, valued at $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. The trade was a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 745,263 shares of company stock worth $18,578,014 in the last quarter. 12.81% of the stock is owned by insiders.

Institutional Trading of Kinder Morgan

A number of institutional investors have recently added to or reduced their stakes in KMI. Retirement Wealth Solutions LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth about $25,000. Modus Advisors LLC acquired a new position in Kinder Morgan during the 4th quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan in the 3rd quarter worth approximately $28,000. HWG Holdings LP acquired a new stake in Kinder Morgan in the second quarter valued at approximately $30,000. Finally, Planning Capital Management Corp raised its stake in shares of Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

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.