Kinder Morgan (NYSE:KMI) Given New $22.00 Price Target at Barclays

Kinder Morgan (NYSE:KMI) had its target price lifted by Barclays from $21.00 to $22.00 in a research note released on Friday, Benzinga reports. The brokerage currently has an equal weight rating on the pipeline company’s stock.

Several other equities research analysts also recently issued reports on KMI. Scotiabank lifted their price objective on Kinder Morgan from $19.00 to $21.00 and gave the stock a sector perform rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a neutral rating in a report on Thursday, July 25th. Tudor Pickering raised shares of Kinder Morgan to a strong-buy rating in a report on Thursday, May 30th. Stifel Nicolaus upped their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a hold rating in a research note on Tuesday, August 27th. Finally, Argus upgraded Kinder Morgan from a hold rating to a buy rating and set a $24.00 price target for the company in a research note on Friday, July 19th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $22.40.

Kinder Morgan Trading Up 1.0 %

Shares of KMI opened at $21.14 on Friday. The stock has a market cap of $46.92 billion, a PE ratio of 19.22, a P/E/G ratio of 2.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. Kinder Morgan has a 12 month low of $15.89 and a 12 month high of $21.86. The stock’s 50-day moving average is $21.01 and its two-hundred day moving average is $19.57.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $4.13 billion. During the same quarter in the prior year, the business earned $0.24 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities analysts forecast that Kinder Morgan will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 5.44%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s payout ratio is currently 104.55%.

Insider Activity at Kinder Morgan

In related news, VP Dax Sanders sold 1,729 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total value of $2,101,000.00. Following the transaction, the president now owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares in the company, valued at $6,455,589. The disclosure for this sale can be found here. Insiders have sold a total of 148,311 shares of company stock worth $3,121,891 over the last ninety days. 12.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kinder Morgan

A number of institutional investors and hedge funds have recently modified their holdings of KMI. Independent Advisor Alliance lifted its position in shares of Kinder Morgan by 13.8% in the 4th quarter. Independent Advisor Alliance now owns 65,100 shares of the pipeline company’s stock valued at $1,148,000 after acquiring an additional 7,912 shares in the last quarter. LSV Asset Management acquired a new position in Kinder Morgan during the first quarter valued at $8,818,000. Brevan Howard Capital Management LP purchased a new stake in Kinder Morgan in the 4th quarter worth about $2,101,000. Duality Advisers LP boosted its position in Kinder Morgan by 42.7% during the 1st quarter. Duality Advisers LP now owns 317,425 shares of the pipeline company’s stock worth $5,822,000 after acquiring an additional 94,984 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its stake in Kinder Morgan by 221.3% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 251,635 shares of the pipeline company’s stock valued at $4,615,000 after acquiring an additional 173,313 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

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.