Kinder Morgan (NYSE:KMI) Price Target Raised to $34.00 at Wells Fargo & Company

Kinder Morgan (NYSE:KMI - Free Report) had its price objective hoisted by Wells Fargo & Company from $33.00 to $34.00 in a research report report published on Thursday,Benzinga reports. They currently have an overweight rating on the pipeline company's stock.

Other research analysts have also issued reports about the company. TD Cowen assumed coverage on Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating and a $34.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a report on Monday, July 7th. Scotiabank upped their price objective on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Thursday, June 5th. Finally, Stifel Nicolaus upped their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.47.

Kinder Morgan Stock Performance

Shares of KMI stock traded down $0.41 during trading on Thursday, reaching $27.50. 24,724,464 shares of the company's stock were exchanged, compared to its average volume of 13,967,543. 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 stock has a market capitalization of $61.10 billion, a PE ratio of 22.54, a PEG ratio of 3.01 and a beta of 0.75. Kinder Morgan has a twelve month low of $19.68 and a twelve month high of $31.48. The firm's fifty day moving average price is $27.99 and its 200-day moving average price is $27.60.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting analysts' consensus estimates of $0.28. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a return on equity of 8.32% and a net margin of 17.06%. The firm's revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 EPS. As a group, sell-side analysts anticipate that Kinder Morgan will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.26%. Kinder Morgan's dividend payout ratio is currently 100.86%.

Insider Buying and Selling at Kinder Morgan

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

Institutional Trading of Kinder Morgan

Several institutional investors and hedge funds have recently modified their holdings of the business. Alhambra Investment Management LLC lifted its position in shares of Kinder Morgan by 2.3% during the 2nd quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company's stock worth $468,000 after buying an additional 363 shares during the last quarter. Morton Capital Management LLC CA lifted its position in shares of Kinder Morgan by 1.0% during the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock worth $1,084,000 after buying an additional 377 shares during the last quarter. Frank Rimerman Advisors LLC lifted its position in shares of Kinder Morgan by 0.8% during the 1st quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock worth $1,396,000 after buying an additional 378 shares during the last quarter. Diligent Investors LLC lifted its position in shares of Kinder Morgan by 1.5% during the 4th quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock worth $715,000 after buying an additional 381 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Kinder Morgan by 1.8% during the 1st quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock worth $601,000 after buying an additional 381 shares during the last quarter. 62.52% of the stock is currently 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.