Jefferies Financial Group Issues Pessimistic Forecast for Kinder Morgan (NYSE:KMI) Stock Price

Kinder Morgan (NYSE:KMI) had its target price dropped by Jefferies Financial Group from $30.00 to $29.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the pipeline company’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 7.03% from the company’s current price.

KMI has been the subject of a number of other reports. Stifel Nicolaus upped their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. Mizuho cut their price objective on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Royal Bank Of Canada boosted their price target on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Finally, Scotiabank reduced their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, September 19th. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $31.20.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded up $0.21 during midday trading on Tuesday, reaching $27.10. 1,862,683 shares of the company traded hands, compared to its average volume of 14,193,051. The company has a market cap of $60.28 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 2.32 and a beta of 0.67. The stock has a 50-day moving average price of $26.81 and a 200 day moving average price of $27.29. Kinder Morgan has a 52 week low of $23.94 and a 52 week high of $31.48. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.49.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. Kinder Morgan’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Sell-side analysts anticipate that Kinder Morgan will post 1.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Kinder Morgan news, Director Amy W. Chronis purchased 3,800 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average cost of $26.23 per share, with a total value of $99,674.00. Following the completion of the transaction, the director owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Richard D. Kinder acquired 1,000,000 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were acquired at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the transaction, the chairman directly owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $511,655. Corporate insiders own 12.73% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

Institutional investors have recently made changes to their positions in the company. LFA Lugano Financial Advisors SA bought a new stake in Kinder Morgan during the second quarter valued at about $26,000. Cranbrook Wealth Management LLC boosted its stake in Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 562 shares during the period. Strategic Advocates LLC bought a new position in Kinder Morgan in the 3rd quarter worth approximately $32,000. Wolff Wiese Magana LLC acquired a new position in shares of Kinder Morgan during the second quarter worth approximately $34,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of Kinder Morgan in the second quarter valued at approximately $35,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.