Kinder Morgan (NYSE:KMI) Given New $32.00 Price Target at Royal Bank Of Canada

Kinder Morgan (NYSE:KMI) had its price target raised by investment analysts at Royal Bank Of Canada from $30.00 to $32.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “sector perform” rating on the pipeline company’s stock. Royal Bank Of Canada’s target price points to a potential downside of 3.98% from the company’s previous close.

A number of other research firms also recently commented on KMI. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. UBS Group reiterated a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a report on Friday, December 12th. Jefferies Financial Group raised their price target on Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. Barclays reaffirmed an “overweight” rating on shares of Kinder Morgan in a research report on Friday, February 20th. Finally, Morgan Stanley reissued a “buy” rating on shares of Kinder Morgan in a report on Friday, January 30th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.54.

Kinder Morgan Stock Up 0.8%

NYSE:KMI traded up $0.27 during trading hours on Friday, reaching $33.33. 3,338,945 shares of the stock were exchanged, compared to its average volume of 14,366,474. The stock has a market cap of $74.14 billion, a PE ratio of 24.30, a PEG ratio of 2.70 and a beta of 0.70. Kinder Morgan has a twelve month low of $23.94 and a twelve month high of $33.29. The firm has a 50 day moving average of $29.36 and a 200 day moving average of $27.84. 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. On average, equities analysts expect that Kinder Morgan will post 1.25 earnings per share for the current year.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $27.49, for a total transaction of $169,503.34. Following the transaction, the vice president owned 201,204 shares in the company, valued at $5,531,097.96. This trade represents a 2.97% 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 company’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at $4,182,840. This represents a 12.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 46,498 shares of company stock worth $1,382,115 over the last three months. Company insiders own 12.73% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Kinder Morgan by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 210,281,448 shares of the pipeline company’s stock valued at $5,780,637,000 after buying an additional 2,165,130 shares during the period. State Street Corp increased its position in Kinder Morgan by 2.2% in the 4th quarter. State Street Corp now owns 116,860,317 shares of the pipeline company’s stock valued at $3,212,490,000 after acquiring an additional 2,510,601 shares during the period. Geode Capital Management LLC raised its stake in shares of Kinder Morgan by 1.2% during the second quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company’s stock valued at $1,518,195,000 after acquiring an additional 599,152 shares during the last quarter. Norges Bank acquired a new position in shares of Kinder Morgan during the fourth quarter worth $1,132,125,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Kinder Morgan by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,104,829 shares of the pipeline company’s stock worth $827,582,000 after purchasing an additional 195,088 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Company Profile

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.