Kinder Morgan (NYSE:KMI) Stock Price Target Lowered at Morgan Stanley

Kinder Morgan (NYSE:KMI) had its price target lowered by research analysts at Morgan Stanley from $40.00 to $39.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the pipeline company’s stock. Morgan Stanley‘s price objective would indicate a potential upside of 17.31% from the company’s current price.

A number of other analysts have also commented on KMI. Royal Bank Of Canada raised their price target on Kinder Morgan from $36.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 28th. Weiss Ratings raised shares of Kinder Morgan from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, October 23rd. Capital One Financial began coverage on shares of Kinder Morgan in a report on Tuesday, September 22nd. They issued an “equal weight” rating and a $36.00 price objective for the company. Melius Research started coverage on shares of Kinder Morgan in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $38.00 target price for the company. Finally, Argus lifted their target price on shares of Kinder Morgan from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Twelve analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.15.

Kinder Morgan Trading Up 1.6%

NYSE KMI traded up $0.54 on Tuesday, hitting $33.24. The company’s stock had a trading volume of 3,688,003 shares, compared to its average volume of 12,379,386. Kinder Morgan has a 52-week low of $25.66 and a 52-week high of $34.81. The company has a current ratio of 0.67, a quick ratio of 0.36 and a debt-to-equity ratio of 0.95. The company’s 50-day simple moving average is $32.10 and its 200 day simple moving average is $32.05. The firm has a market cap of $74.06 billion, a P/E ratio of 20.51, a PEG ratio of 2.34 and a beta of 0.59.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Kinder Morgan had a return on equity of 10.84% and a net margin of 19.64%. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same period last year, the company earned $0.29 EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Research analysts predict that Kinder Morgan will post 1.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kinder Morgan news, VP Michael Garthwaite sold 1,550 shares of the firm’s stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $33.65, for a total transaction of $52,157.50. Following the completion of the transaction, the vice president owned 47,313 shares of the company’s stock, valued at approximately $1,592,082.45. This trade represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 12.72% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

Institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its stake in Kinder Morgan by 0.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 47,788 shares of the pipeline company’s stock valued at $1,598,000 after purchasing an additional 309 shares during the last quarter. Laurel Wealth Advisors LLC grew its position in shares of Kinder Morgan by 3.6% during the 3rd quarter. Laurel Wealth Advisors LLC now owns 9,068 shares of the pipeline company’s stock valued at $273,000 after acquiring an additional 312 shares during the period. Klingman & Associates LLC grew its holdings in Kinder Morgan by 3.9% during the first quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company’s stock valued at $285,000 after purchasing an additional 319 shares during the period. Transamerica Financial Advisors LLC increased its holdings in Kinder Morgan by 72.9% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 328 shares in the last quarter. Finally, Abel Hall LLC raised its position in shares of Kinder Morgan by 4.0% during the 1st quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company’s stock valued at $288,000 after purchasing an additional 330 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

About Kinder Morgan

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.