Kinder Morgan Inc. (KMI) Sees Strong Trading Volume
Kinder Morgan Inc. (NYSE:KMI) shares saw an uptick in trading volume on Thursday . 19,559,720 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 18,024,069 shares.The stock last traded at $20.83 and had previously closed at $20.21.
Several research firms have recently weighed in on KMI. Vetr lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $19.13 price objective on the stock. in a research note on Wednesday, June 29th. Credit Suisse Group AG restated a “hold” rating on shares of Kinder Morgan in a research note on Tuesday. Zacks Investment Research upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Monday, June 20th. Deutsche Bank AG restated a “buy” rating on shares of Kinder Morgan in a research note on Sunday, May 22nd. Finally, Sanford C. Bernstein began coverage on shares of Kinder Morgan in a research note on Wednesday, May 11th. They set a “market perform” rating and a $20.00 price objective on the stock. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. Kinder Morgan has a consensus rating of “Hold” and an average price target of $22.01.
The firm has a market capitalization of $46.64 billion and a PE ratio of 803.85. The stock’s 50 day moving average price is $18.34 and its 200-day moving average price is $17.18.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 20th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.07. The business had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.76 billion. The company’s quarterly revenue was down 11.2% on a year-over-year basis. During the same quarter last year, the business earned $0.58 earnings per share. On average, analysts expect that Kinder Morgan Inc. will post $0.70 earnings per share for the current fiscal year.
Several hedge funds and institutional investors have added to or reduced their stakes in KMI. Sei Investments Co. raised its position in Kinder Morgan by 63.9% in the fourth quarter. Sei Investments Co. now owns 382,709 shares of the company’s stock worth $5,710,000 after buying an additional 149,208 shares during the period. Oceanic Investment Management LTD acquired a new position in Kinder Morgan during the fourth quarter worth $14,532,000. Vanguard Group Inc. raised its position in Kinder Morgan by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 117,022,069 shares of the company’s stock worth $1,745,969,000 after buying an additional 2,303,143 shares during the period. Camelot Portfolios LLC raised its position in Kinder Morgan by 100.5% in the fourth quarter. Camelot Portfolios LLC now owns 82,708 shares of the company’s stock worth $1,234,000 after buying an additional 41,465 shares during the period. Finally, Quantitative Investment Management LLC raised its position in Kinder Morgan by 203.5% in the fourth quarter. Quantitative Investment Management LLC now owns 1,488,000 shares of the company’s stock worth $22,200,000 after buying an additional 997,700 shares during the period.
Kinder Morgan, Inc (KMI) is an energy infrastructure and energy company in North America. The Company operates through six segments: Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.
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