Kinder Morgan (NYSE:KMI) Price Target Increased to $22.00 by Analysts at Truist Financial

Kinder Morgan (NYSE:KMI) had its target price boosted by Truist Financial from $20.00 to $22.00 in a research note issued to investors on Friday morning, Benzinga reports. Truist Financial currently has a hold rating on the pipeline company’s stock.

Several other equities analysts have also recently issued reports on KMI. Argus raised Kinder Morgan from a hold rating to a buy rating and set a $24.00 price objective on the stock in a research report on Friday, July 19th. JPMorgan Chase & Co. boosted their target price on Kinder Morgan from $20.00 to $23.00 and gave the stock a neutral rating in a research report on Thursday. Scotiabank lifted their price target on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a sector perform rating in a research note on Wednesday, July 17th. Wells Fargo & Company upgraded shares of Kinder Morgan from an equal weight rating to an overweight rating and increased their price objective for the company from $18.00 to $22.00 in a research report on Tuesday, June 4th. Finally, Tudor Pickering upgraded Kinder Morgan to a strong-buy rating in a research note on Thursday, May 30th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan has a consensus rating of Moderate Buy and a consensus price target of $22.25.

Kinder Morgan Trading Up 1.4 %

KMI opened at $21.37 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. The stock has a market cap of $47.43 billion, a PE ratio of 19.43, a PEG ratio of 3.21 and a beta of 0.93. The business has a 50 day moving average of $19.96 and a 200-day moving average of $18.61. Kinder Morgan has a 52 week low of $15.89 and a 52 week high of $21.86.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. Equities research analysts predict that Kinder Morgan will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend is Wednesday, July 31st. Kinder Morgan’s payout ratio is 104.55%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the transaction, the vice president now directly owns 25,169 shares in the company, valued at $534,841.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the sale, the vice president now owns 259,069 shares in the company, valued at $5,116,612.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Sital K. Mody sold 21,413 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the sale, the vice president now owns 25,169 shares in the company, valued at approximately $534,841.25. The disclosure for this sale can be found here. Corporate insiders own 12.64% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

Several large investors have recently made changes to their positions in KMI. Trueblood Wealth Management LLC bought a new position in shares of Kinder Morgan during the 4th quarter valued at approximately $224,000. Relyea Zuckerberg Hanson LLC bought a new position in Kinder Morgan during the fourth quarter valued at $183,000. Blue Trust Inc. grew its stake in shares of Kinder Morgan by 52.4% in the 4th quarter. Blue Trust Inc. now owns 5,669 shares of the pipeline company’s stock worth $94,000 after buying an additional 1,949 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of Kinder Morgan by 17.1% in the 4th quarter. Global Retirement Partners LLC now owns 14,046 shares of the pipeline company’s stock worth $250,000 after buying an additional 2,052 shares during the last quarter. Finally, Gradient Investments LLC raised its position in shares of Kinder Morgan by 57.1% during the 4th quarter. Gradient Investments LLC now owns 2,532 shares of the pipeline company’s stock valued at $45,000 after buying an additional 920 shares in the last quarter. 62.52% of the stock is owned by 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.