Kinder Morgan (NYSE:KMI) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Key Points

• Kinder Morgan had its price target increased from $28.00 to $29.00 by analysts at Stifel Nicolaus, indicating a potential upside of 8.01% from the current stock price.
• A total of seven analysts rated Kinder Morgan’s stock as a hold, while nine analysts assigned a buy rating, leading to a consensus rating of "Moderate Buy" with an average target price of $31.20.
• In its latest quarterly earnings report, Kinder Morgan reported an EPS of $0.28, reaching consensus estimates, and a revenue of $4.04 billion, surpassing analyst expectations.

Kinder Morgan (NYSE:KMI - Get Free Report) had its target price boosted by research analysts at Stifel Nicolaus from $28.00 to $29.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "hold" rating on the pipeline company's stock. Stifel Nicolaus' price objective suggests a potential upside of 8.65% from the company's previous close.

A number of other research firms have also issued reports on KMI. Wells Fargo & Company raised their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Scotiabank upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Friday, July 18th. Cowen began coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating on the stock. Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research report on Friday, July 25th. Finally, TD Cowen began coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating and a $34.00 price target on the stock. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Kinder Morgan has a consensus rating of "Moderate Buy" and an average price target of $31.20.

Kinder Morgan Price Performance

Shares of NYSE KMI traded down $0.16 during midday trading on Thursday, reaching $26.69. The company's stock had a trading volume of 13,657,267 shares, compared to its average volume of 17,484,992. Kinder Morgan has a one year low of $20.56 and a one year high of $31.48. The company has a market cap of $59.31 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 3.36 and a beta of 0.78. The company has a 50 day moving average price of $27.74 and a 200 day moving average price of $27.37. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the firm earned $0.26 EPS. The firm's quarterly revenue was up 13.2% on a year-over-year basis. On average, equities research analysts expect that Kinder Morgan will post 1.25 EPS for the current year.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 6,166 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $27.80, for a total value of $171,414.80. Following the sale, the vice president owned 232,034 shares in the company, valued at approximately $6,450,545.20. The trade was a 2.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Sital K. Mody sold 45,549 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,842 shares of company stock valued at $3,896,180. Insiders own 12.73% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Financial Designs Inc. ADV raised its position in Kinder Morgan by 14.5% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company's stock valued at $83,000 after purchasing an additional 357 shares in the last quarter. L.M. Kohn & Company grew its stake in shares of Kinder Morgan by 3.4% in the second quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company's stock worth $322,000 after purchasing an additional 360 shares during the last quarter. Alhambra Investment Management LLC grew its stake in shares of Kinder Morgan by 2.3% in the second quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company's stock worth $468,000 after purchasing an additional 363 shares during the last quarter. Relyea Zuckerberg Hanson LLC boosted its position in Kinder Morgan by 4.2% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company's stock valued at $276,000 after acquiring an additional 374 shares during the last quarter. Finally, Morton Capital Management LLC CA boosted its position in Kinder Morgan by 1.0% during the first quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock valued at $1,084,000 after acquiring an additional 377 shares during the last quarter. 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.