Royal Bank Of Canada Forecasts Strong Price Appreciation for Kinder Morgan (NYSE:KMI) Stock

Kinder Morgan (NYSE:KMI) had its price objective boosted by analysts at Royal Bank Of Canada from $30.00 to $32.00 in a report released on Friday,Benzinga reports. The firm currently has a “sector perform” rating on the pipeline company’s stock. Royal Bank Of Canada’s price target suggests a potential downside of 3.70% from the stock’s current price.

Several other equities analysts have also weighed in on KMI. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. TD Cowen increased their price target on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Barclays restated an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Finally, Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $32.54.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $33.23 on Friday. Kinder Morgan has a fifty-two week low of $23.94 and a fifty-two week high of $33.35. The company’s 50-day moving average is $29.50 and its 200 day moving average is $27.89. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64. The company has a market capitalization of $73.93 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 2.74 and a beta of 0.70.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, equities research analysts forecast that Kinder Morgan will post 1.25 earnings per share for the current year.

Insiders Place Their Bets

In other Kinder Morgan news, VP Anthony B. Ashley sold 8,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total transaction of $255,600.00. Following the completion of the sale, the vice president directly owned 100,146 shares in the company, valued at $3,199,664.70. The trade was a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William A. Smith purchased 3,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was bought at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the acquisition, the director directly owned 31,087 shares in the company, valued at approximately $924,838.25. The trade was a 10.68% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders sold 46,498 shares of company stock worth $1,382,115. 12.73% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KMI. TD Capital Management LLC boosted its holdings in shares of Kinder Morgan by 36.0% in the 4th quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 323 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in Kinder Morgan by 13.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company’s stock worth $79,000 after buying an additional 329 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Kinder Morgan by 4.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 8,445 shares of the pipeline company’s stock valued at $232,000 after acquiring an additional 333 shares during the last quarter. Waddell & Associates LLC raised its stake in shares of Kinder Morgan by 1.3% during the fourth quarter. Waddell & Associates LLC now owns 26,206 shares of the pipeline company’s stock worth $720,000 after acquiring an additional 336 shares in the last quarter. Finally, Abbot Financial Management Inc. lifted its holdings in shares of Kinder Morgan by 0.8% in the 4th quarter. Abbot Financial Management Inc. now owns 44,707 shares of the pipeline company’s stock worth $1,229,000 after acquiring an additional 338 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

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.