Kinder Morgan (NYSE:KMI) Given New $31.00 Price Target at Truist Financial

Kinder Morgan (NYSE:KMI) had its price objective upped by Truist Financial from $25.00 to $31.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the pipeline company’s stock.

Several other brokerages also recently issued reports on KMI. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research note on Friday, October 18th. Barclays increased their price objective on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Wells Fargo & Company upped their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday. Bank of America initiated coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective on the stock. Finally, UBS Group lifted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $28.92.

Kinder Morgan Price Performance

NYSE KMI opened at $30.50 on Thursday. Kinder Morgan has a 1 year low of $16.47 and a 1 year high of $31.48. The business’s fifty day moving average is $27.90 and its two-hundred day moving average is $24.32. The stock has a market capitalization of $67.77 billion, a P/E ratio of 26.76, a P/E/G ratio of 4.18 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. On average, research analysts forecast that Kinder Morgan will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 100.88%.

Insider Buying and Selling at Kinder Morgan

In related news, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total value of $492,120.00. Following the transaction, the president now owns 879,652 shares in the company, valued at $24,049,685.68. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,121 shares of company stock valued at $1,497,000 in the last ninety days. Company insiders own 12.64% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

Institutional investors and hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Kinder Morgan by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock valued at $101,422,000 after acquiring an additional 29,861 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Kinder Morgan by 3.5% in the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock valued at $504,000 after purchasing an additional 776 shares during the period. Principal Financial Group Inc. lifted its position in shares of Kinder Morgan by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after buying an additional 71,984 shares during the period. Czech National Bank grew its position in Kinder Morgan by 6.9% in the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock valued at $8,689,000 after acquiring an additional 25,406 shares during the period. Finally, Barclays PLC boosted its stake in shares of Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after purchasing an additional 2,334,273 shares in the last quarter. Institutional investors 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.