Wells Fargo Remains a Buy on Kinder Morgan (KMI)

Wells Fargo analyst Michael Blum maintained a Buy rating on Kinder Morgan yesterday and set a price target of $35.00. The company’s shares closed yesterday at $33.39.

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Blum covers the Energy sector, focusing on stocks such as Energy Transfer, Archrock, and Kinder Morgan. According to TipRanks, Blum has an average return of 15.3% and a 71.00% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kinder Morgan with a $34.25 average price target, a 2.58% upside from current levels. In a report released on March 11, Goldman Sachs also maintained a Buy rating on the stock with a $35.00 price target.

Based on Kinder Morgan’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.51 billion and a net profit of $996 million. In comparison, last year the company earned a revenue of $3.97 billion and had a net profit of $667 million

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is neutral on the stock. Last month, ASHLEY ANTHONY B , the VP (President, CO2 and ETV) of KMI sold 8,000.00 shares for a total of $255,520.00.