Kinder Morgan Receives a Buy from BMO Capital

By Ryan Adsit

BMO Capital analyst Danilo Juvane reiterated a Buy rating on Kinder Morgan (NYSE: KMI) on July 27 and set a price target of $26. The company’s shares closed yesterday at $20.40.

According to, Juvane is a 4-star analyst with an average return of 8.9% and a 74.4% success rate. Juvane covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Spectra Energy Partners, and Targa Resources Corp.

Currently, the analyst consensus on Kinder Morgan is Moderate Buy and the average price target is $23.50, representing a 15.2% upside.

In a report issued on July 13, Stifel Nicolaus also reiterated a Buy rating on the stock with a $25 price target.

The company has a one year high of $23.36 and a one year low of $18.31. Currently, Kinder Morgan has an average volume of 12.2M.

Based on the recent corporate insider activity of 8 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.

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Kinder Morgan, Inc. owns and operates pipelines and terminals that transport natural gas, gasoline, crude oil, carbon dioxide (CO2) & other products and stores petroleum products, chemicals, and handles bulk materials like ethanol, coal, petroleum coke & steel. The company operates through the following segments: Natural Gas Pipelines, CO2, Terminals, Product Pipelines and Kinder Morgan Canada. The Natural Gas Pipelines segment engages in the ownership and operation of major interstate and intrastate natural gas pipeline & storage systems, and natural gas and crude oil gathering systems and natural gas processing & treating facilities. The CO2 segment is focused on the production, transportation and marketing of CO2 to oil fields that use CO2 as a flooding medium for recovering crude oil from mature oil fields to increase production. The Terminals segment engages in the ownership and/or operation of liquids and bulk terminal facilities located throughout the U.S. and portions of Canada that transload and store refined petroleum products, crude oil, chemicals, and ethanol and bulk products, including coal, petroleum coke, fertilizer, steel and ores. The Products Pipelines segment owns and operates refined petroleum products, NGL and crude oil and condensate pipelines that primarily deliver, among other products, gasoline, diesel and jet fuel, propane, crude oil and condensate to various markets. The Kinder Morgan Canada segment is focused on the operation of the Trans Mountain pipeline system that transports crude oil and refined petroleum products from Edmonton, Alberta, Canada to marketing terminals and refineries in British Columbia, Canada and the state of Washington. Kinder Morgan was founded by Richard D. Kinder and William V. Morgan on August 23, 2006 and is headquartered in Houston, TX.