Kinder Morgan (NYSE:KMI) Price Target Raised to $27.00

Kinder Morgan (NYSE:KMI - Free Report) had its target price upped by Scotiabank from $26.00 to $27.00 in a report issued on Thursday morning,Benzinga reports. They currently have a sector perform rating on the pipeline company's stock.

A number of other equities analysts also recently weighed in on KMI. Royal Bank of Canada upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target for the company in a research report on Monday, March 3rd. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. JPMorgan Chase & Co. upped their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $30.21.

Kinder Morgan Price Performance

Shares of NYSE KMI traded up $0.18 during midday trading on Thursday, reaching $28.21. 10,588,941 shares of the company traded hands, compared to its average volume of 13,973,753. The firm has a market cap of $62.67 billion, a PE ratio of 24.11, a PEG ratio of 3.08 and a beta of 0.74. The stock's 50-day simple moving average is $27.19 and its 200-day simple moving average is $27.46. Kinder Morgan has a 12 month low of $19.47 and a 12 month high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, equities analysts anticipate that Kinder Morgan will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.2925 per share. The ex-dividend date was Wednesday, April 30th. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 4.15%. Kinder Morgan's dividend payout ratio is 100.86%.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total transaction of $496,260.00. Following the sale, the president now owns 789,652 shares of the company's stock, valued at $21,770,705.64. This trade represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 54,000 shares of company stock worth $1,522,440 over the last three months. 12.73% of the stock is owned by insiders.

Institutional Trading of Kinder Morgan

A number of institutional investors and hedge funds have recently made changes to their positions in KMI. Sierra Ocean LLC increased its position in shares of Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after purchasing an additional 788 shares in the last quarter. Hurley Capital LLC acquired a new position in Kinder Morgan during the fourth quarter worth $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan during the fourth quarter worth $25,000. Fourth Dimension Wealth LLC acquired a new position in Kinder Morgan during the fourth quarter worth $26,000. Finally, Morse Asset Management Inc acquired a new position in Kinder Morgan during the fourth quarter worth $27,000. 62.52% of the stock is currently owned by hedge funds and other 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.