Barclays Forecasts Strong Price Appreciation for Kinder Morgan (NYSE:KMI) Stock

Kinder Morgan (NYSE:KMI - Get Free Report) had its target price boosted by equities researchers at Barclays from $31.00 to $32.00 in a research report issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the pipeline company's stock. Barclays's price target suggests a potential upside of 13.92% from the company's current price.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Royal Bank Of Canada increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Stifel Nicolaus boosted their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Scotiabank increased their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 5th. Finally, JPMorgan Chase & Co. raised 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. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $30.29.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded up $0.08 during trading on Monday, reaching $28.09. 13,394,922 shares of the stock were exchanged, compared to its average volume of 14,020,084. Kinder Morgan has a 12 month low of $19.47 and a 12 month high of $31.48. The stock has a 50-day moving average price of $27.44 and a 200-day moving average price of $27.43. The company has a current ratio of 0.45, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. The firm has a market cap of $62.42 billion, a PE ratio of 24.22, a PEG ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. Research analysts expect that Kinder Morgan will post 1.25 EPS for the current fiscal year.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the transaction, the president now owns 807,652 shares in the company, valued at $23,219,995. This trade represents a 2.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 54,000 shares of company stock worth $1,522,440. Corporate insiders own 12.73% of the company's stock.

Hedge Funds Weigh In On Kinder Morgan

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Kinder Morgan by 0.6% in the first quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock valued at $5,824,367,000 after acquiring an additional 1,302,794 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Kinder Morgan by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock worth $1,414,813,000 after purchasing an additional 1,252,609 shares during the period. Norges Bank bought a new stake in shares of Kinder Morgan in the 4th quarter valued at $917,523,000. Northern Trust Corp raised its stake in Kinder Morgan by 8.3% during the fourth quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock worth $573,834,000 after buying an additional 1,608,499 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Kinder Morgan by 37.5% in the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock valued at $578,628,000 after buying an additional 5,529,065 shares during the period. 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.