Kinder Morgan (NYSE:KMI) Trading Up 0.9% – What’s Next?

Kinder Morgan, Inc. (NYSE:KMI)’s stock price was up 0.9% during mid-day trading on Monday . The company traded as high as $30.51 and last traded at $30.32. Approximately 15,710,662 shares were traded during trading, an increase of 56% from the average daily volume of 10,053,223 shares. The stock had previously closed at $30.06.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Scotiabank initiated coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. Bank of America initiated coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target on the stock. Wells Fargo & Company boosted their target price on Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Truist Financial increased their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Finally, UBS Group boosted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $27.00.

Kinder Morgan Stock Up 0.9 %

The stock’s 50-day moving average price is $27.68 and its 200-day moving average price is $24.13. 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 cap of $67.36 billion, a P/E ratio of 26.59, a PEG ratio of 3.71 and a beta of 0.94.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total value of $492,120.00. Following the sale, the president now owns 879,652 shares of the company’s stock, valued at approximately $24,049,685.68. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the purchase, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 55,121 shares of company stock worth $1,497,000 in the last ninety days. Corporate insiders own 12.64% of the company’s stock.

Institutional Trading of Kinder Morgan

A number of institutional investors have recently added to or reduced their stakes in the stock. Yeomans Consulting Group Inc. purchased a new position in Kinder Morgan during the fourth quarter valued at approximately $358,000. Red Door Wealth Management LLC grew its position in shares of Kinder Morgan by 9.5% during the 4th quarter. Red Door Wealth Management LLC now owns 15,626 shares of the pipeline company’s stock valued at $428,000 after purchasing an additional 1,359 shares in the last quarter. Donoghue Forlines LLC raised its position in shares of Kinder Morgan by 42.2% in the fourth quarter. Donoghue Forlines LLC now owns 57,020 shares of the pipeline company’s stock worth $1,562,000 after buying an additional 16,926 shares in the last quarter. Avior Wealth Management LLC grew its position in Kinder Morgan by 4.0% during the fourth quarter. Avior Wealth Management LLC now owns 120,306 shares of the pipeline company’s stock worth $3,296,000 after buying an additional 4,672 shares in the last quarter. Finally, Adirondack Trust Co. increased its stake in Kinder Morgan by 102.5% in the 4th quarter. Adirondack Trust Co. now owns 2,554 shares of the pipeline company’s stock worth $70,000 after acquiring an additional 1,293 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

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.