Kinder Morgan (NYSE:KMI) Coverage Initiated at TD Cowen

Equities research analysts at TD Cowen initiated coverage on shares of Kinder Morgan (NYSE:KMI - Get Free Report) in a report released on Monday, Marketbeat reports. The brokerage set a "buy" rating and a $34.00 price target on the pipeline company's stock. TD Cowen's price objective indicates a potential upside of 21.58% from the company's current price.

A number of other research analysts have also issued reports on KMI. Stifel Nicolaus upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. JPMorgan Chase & Co. upped their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Royal Bank Of Canada upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Scotiabank upped their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Thursday, June 5th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Kinder Morgan has an average rating of "Moderate Buy" and an average price target of $30.40.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded down $0.37 on Monday, hitting $27.97. The company's stock had a trading volume of 3,904,170 shares, compared to its average volume of 13,917,634. Kinder Morgan has a 52-week low of $19.68 and a 52-week high of $31.48. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.94. The firm has a fifty day moving average price of $27.83 and a 200-day moving average price of $27.57. The company has a market capitalization of $62.14 billion, a P/E ratio of 24.13, a price-to-earnings-growth ratio of 3.12 and a beta of 0.75.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its 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 company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. On average, equities research analysts expect that Kinder Morgan will post 1.25 earnings per share for the current fiscal year.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value of $508,680.00. Following the sale, the president directly owned 771,652 shares of the company's stock, valued at $21,806,885.52. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 12.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Brighton Jones LLC purchased a new position in Kinder Morgan in the 4th quarter worth about $308,000. Assetmark Inc. lifted its holdings in shares of Kinder Morgan by 70.4% during the 4th quarter. Assetmark Inc. now owns 7,351 shares of the pipeline company's stock valued at $201,000 after buying an additional 3,038 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at about $4,176,000. PNC Financial Services Group Inc. lifted its holdings in shares of Kinder Morgan by 2.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 419,050 shares of the pipeline company's stock valued at $11,482,000 after buying an additional 10,295 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Kinder Morgan by 39.9% in the 4th quarter. Larson Financial Group LLC now owns 13,119 shares of the pipeline company's stock worth $359,000 after purchasing an additional 3,743 shares during 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.