Kinder Morgan (NYSE:KMI) Given New $33.00 Price Target at Wells Fargo & Company

Kinder Morgan (NYSE:KMI) had its price target upped by Wells Fargo & Company from $30.00 to $33.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the pipeline company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 8.39% from the stock’s current price.

KMI has been the topic of a number of other research reports. Barclays upped their target price on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Scotiabank started coverage on Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. Truist Financial upped their target price on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. UBS Group upped their target price on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research note on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.25.

Kinder Morgan Price Performance

NYSE:KMI opened at $30.45 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $67.64 billion, a P/E ratio of 26.89, a P/E/G ratio of 4.18 and a beta of 0.94. Kinder Morgan has a 12 month low of $16.47 and a 12 month high of $31.48. The business’s 50-day moving average is $27.90 and its 200 day moving average is $24.32.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. On average, equities research analysts forecast that Kinder Morgan will post 1.18 earnings per share for the current fiscal year.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares in the company, valued at $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 55,121 shares of company stock worth $1,497,000 in the last ninety days. Company insiders own 12.64% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KMI. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan in the 4th quarter worth approximately $25,000. Modus Advisors LLC purchased a new position in Kinder Morgan in the 4th quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan in the 3rd quarter worth approximately $28,000. HWG Holdings LP purchased a new position in Kinder Morgan in the 2nd quarter worth approximately $30,000. Finally, Planning Capital Management Corp raised its position in shares of Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

About Kinder Morgan

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.