Kinder Morgan Receives a Hold from RBC Capital

By Austin Angelo

RBC Capital analyst Elvira Scotto reiterated a Hold rating on Kinder Morgan (NYSE: KMI) yesterday and set a price target of $25. The company’s shares closed yesterday at $21.28.

According to, Scotto is a top 25 analyst with an average return of 24.6% and a 75.3% success rate. Scotto covers the Basic Materials sector, focusing on stocks such as American Midstreampartners Lp, Sanchez Production Partners, and Enbridge Energy Management.

Kinder Morgan has an analyst consensus of Moderate Buy, with a price target consensus of $24.67.

The company has a one year high of $23.36 and a one year low of $16.63. Currently, Kinder Morgan has an average volume of 11.75M.

Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KMI in relation to earlier this year. Most recently, in October 2016, Fayez Sarofim, a Director at KMI bought 700,000 shares for a total of $14,987,000.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Kinder Morgan, Inc. operates as a holding company. It owns and operates pipelines and terminals that transport natural gas, gasoline, crude oil, carbon dioxide and other products and stores petroleum products, chemicals and handle bulk materials like ethanol, coal, petroleum coke and steel. It operates through the following segments: Natural Gas Pipelines, CO2, Terminals, Product Pipelines. Kinder Morgan Canada and Other. The Natural Gas Pipelines segment engages in the sale, transport, processing, treating, storage and gathering of natural gas. The CO2 segment produces and sells crude oil from fields in the Permian Basin of West Texas and the transportation and marketing of carbon dioxide used as a flooding medium for recovering crude oil from mature oil fields. The Terminals segment owns and operates liquids and bulk terminal facilities throughout the U.S. and portions of Canada that transload and store refined petroleum products, crude oil, condensate, and bulk products, including coal, petroleum coke, cement alumina, salt, and other bulk chemicals. The Products Pipelines segment handles the transportation of refined petroleum products, including gasoline, diesel fuel, jet fuel and natural gas liquids. The Kinder Morgan Canada segment transports crude oil and refined products from Alberta, Canada to marketing terminals and refineries in British Columbia, the state of Washington and the Rocky Mountains and Central regions of the U.S. The Other segment manages other miscellaneous assets and liabilities including the corporate headquarters; several physical natural gas contracts with power plants; and other legacy assets and liabilities. The company was founded by Richard D. Kinder and William V. Morgan on August 23, 2006 and is headquartered in Houston, TX.