Kinder Morgan (NYSE:KMI) Price Target Raised to $35.00

Key Points

• Morgan Stanley raised its price target for Kinder Morgan's stock from $34.00 to $35.00, suggesting a potential upside of 23.44% based on the company's previous close.
• Despite mixed ratings from other analysts, the consensus rating for Kinder Morgan is a "Moderate Buy" with an average target price of $31.25.
• Insider selling was notable, as CFO David Patrick Michels sold 40,000 shares at an average price of $28.19, indicating a 20.06% decrease in his ownership.

Kinder Morgan (NYSE:KMI - Get Free Report) had its target price upped by investment analysts at Morgan Stanley from $34.00 to $35.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the pipeline company's stock. Morgan Stanley's price target would indicate a potential upside of 23.44% from the company's previous close.

KMI has been the topic of a number of other research reports. Wolfe Research raised Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a report on Friday, July 25th. Stifel Nicolaus lifted their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research report on Thursday, August 14th. TD Cowen started coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating and a $34.00 target price on the stock. BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They set an "outperform" rating and a $32.00 target price on the stock. Finally, Wells Fargo & Company boosted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.25.

Kinder Morgan Price Performance

NYSE:KMI traded up $0.05 during trading hours on Wednesday, reaching $28.36. 4,670,201 shares of the company were exchanged, compared to its average volume of 14,240,271. The company has a market capitalization of $63.01 billion, a P/E ratio of 23.23, a P/E/G ratio of 3.33 and a beta of 0.81. Kinder Morgan has a 1-year low of $22.60 and a 1-year high of $31.48. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The business has a 50 day moving average of $27.20 and a 200 day moving average of $27.45.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.28. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Research analysts forecast that Kinder Morgan will post 1.25 EPS for the current year.

Insider Buying and Selling

In other Kinder Morgan news, EVP Dax Sanders sold 30,127 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the transaction, the executive vice president owned 292,000 shares in the company, valued at approximately $7,898,600. This represents a 9.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the transaction, the chief financial officer owned 159,428 shares in the company, valued at approximately $4,494,275.32. This represents a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,008 shares of company stock worth $3,553,982 over the last three months. Insiders own 12.73% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KMI. Westwood Holdings Group Inc. lifted its position in Kinder Morgan by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company's stock valued at $183,793,000 after acquiring an additional 794,388 shares in the last quarter. Burney Co. lifted its holdings in shares of Kinder Morgan by 133.5% in the first quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock valued at $12,612,000 after purchasing an additional 252,736 shares in the last quarter. Aberdeen Group plc lifted its holdings in shares of Kinder Morgan by 35.2% in the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company's stock valued at $66,581,000 after purchasing an additional 609,748 shares in the last quarter. Columbus Macro LLC lifted its holdings in shares of Kinder Morgan by 7.4% in the first quarter. Columbus Macro LLC now owns 343,461 shares of the pipeline company's stock valued at $9,799,000 after purchasing an additional 23,520 shares in the last quarter. Finally, Eagle Global Advisors LLC lifted its holdings in shares of Kinder Morgan by 15.6% in the first quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company's stock valued at $29,000,000 after purchasing an additional 137,030 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.

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