Kinder Morgan’s (KMI) Overweight Rating Reiterated at Barclays

Kinder Morgan (NYSE:KMI)‘s stock had its “overweight” rating restated by research analysts at Barclays in a research report issued on Monday, Marketbeat Ratings reports. They presently have a $32.00 price objective on the pipeline company’s stock, up from their previous price objective of $31.00. Barclays‘s target price indicates a potential upside of 13.16% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Royal Bank Of Canada increased their price objective 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. Scotiabank raised their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 5th. Wells Fargo & Company reissued an “overweight” rating on shares of Kinder Morgan in a report on Monday, May 5th. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Finally, Stifel Nicolaus increased 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, June 3rd. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy 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 $30.29.

Kinder Morgan Stock Performance

NYSE KMI opened at $28.28 on Monday. Kinder Morgan has a 52-week low of $19.47 and a 52-week high of $31.48. The stock has a market cap of $62.84 billion, a PE ratio of 24.38, a P/E/G ratio of 3.13 and a beta of 0.74. The firm has a 50-day moving average of $27.52 and a 200-day moving average of $27.45. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.45.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. On average, sell-side analysts anticipate that Kinder Morgan will post 1.25 EPS for the current year.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total transaction of $496,260.00. Following the completion of the transaction, the president now owns 789,652 shares in the company, valued at $21,770,705.64. This represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 54,000 shares of company stock worth $1,522,440 in the last 90 days. 12.73% of the stock is owned by company insiders.

Institutional Trading of Kinder Morgan

Several institutional investors and hedge funds have recently bought and sold shares of KMI. Norges Bank purchased a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $917,523,000. Nuveen LLC bought a new position in Kinder Morgan in the 1st quarter worth approximately $205,966,000. 59 North Capital Management LP purchased a new position in shares of Kinder Morgan during the first quarter valued at about $195,658,000. Raymond James Financial Inc. purchased a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $157,804,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Kinder Morgan by 37.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock valued at $578,628,000 after purchasing an additional 5,529,065 shares during the last quarter. 62.52% of the stock is currently 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.