Kinder Morgan (NYSE:KMI) Price Target Raised to $28.00 at Stifel Nicolaus

Kinder Morgan (NYSE:KMI) had its target price boosted by stock analysts at Stifel Nicolaus from $27.00 to $28.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the pipeline company’s stock. Stifel Nicolaus’ price target indicates a potential downside of 1.75% from the stock’s previous close.

A number of other research firms also recently weighed in on KMI. Wells Fargo & Company restated an “overweight” rating on shares of Kinder Morgan in a research report on Monday, May 5th. JPMorgan Chase & Co. boosted their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research note on Monday, March 3rd. Scotiabank boosted their target price on Kinder Morgan from $25.00 to $26.00 and gave the company a “sector perform” rating in a research note on Monday, April 21st. Finally, Royal Bank of Canada upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.14.

Kinder Morgan Price Performance

Shares of KMI traded down $0.15 during trading hours on Tuesday, reaching $28.50. 1,584,318 shares of the company’s stock traded hands, compared to its average volume of 13,960,944. The stock has a market cap of $63.33 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The firm’s 50 day simple moving average is $27.19 and its 200-day simple moving average is $27.45. Kinder Morgan has a 12 month low of $19.29 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Equities analysts expect that Kinder Morgan will post 1.25 EPS for the current year.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the sale, the president now owns 807,652 shares in the company, valued at approximately $23,219,995. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 54,000 shares of company stock worth $1,492,740 over the last quarter. 12.73% of the stock is currently owned by corporate insiders.

Institutional Trading of Kinder Morgan

Institutional investors have recently made changes to their positions in the business. Centricity Wealth Management LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth about $25,000. Hurley Capital LLC bought a new position in Kinder Morgan during the fourth quarter valued at approximately $25,000. Sierra Ocean LLC boosted its stake in Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after buying an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in Kinder Morgan during the fourth quarter valued at approximately $26,000. Finally, Morse Asset Management Inc bought a new position in Kinder Morgan during the fourth quarter valued at approximately $27,000. Hedge funds and other 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.