Kinder Morgan Inc. (KMI) Trading Down 4.3%
Kinder Morgan Inc. (NYSE:KMI) was down 4.3% during mid-day trading on Thursday . The stock traded as low as $21.08 and last traded at $21.13, with a volume of 17,848,316 shares traded. The stock had previously closed at $22.09.
Several equities research analysts have recently issued reports on KMI shares. Deutsche Bank AG reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Sunday, May 22nd. Barclays PLC reissued a “buy” rating on shares of Kinder Morgan in a research report on Monday, April 11th. Vetr cut shares of Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $19.96 price target for the company. in a research report on Monday, May 30th. Argus reissued a “hold” rating on shares of Kinder Morgan in a research report on Wednesday, April 27th. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of Kinder Morgan in a research report on Sunday, May 22nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. Kinder Morgan currently has an average rating of “Hold” and a consensus price target of $21.52.
The company has a market cap of $46.75 billion and a P/E ratio of 805.77. The firm has a 50-day moving average of $18.76 and a 200 day moving average of $17.38.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. The business earned $3.14 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the previous year, the business posted $0.16 earnings per share. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. Equities research analysts anticipate that Kinder Morgan Inc. will post $0.68 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.39%.
Several hedge funds and institutional investors have bought and sold shares of KMI. Airain ltd acquired a new position in Kinder Morgan during the fourth quarter worth about $1,120,000. R.M.SINCERBEAUX Capital Management LLC increased its position in Kinder Morgan by 35.4% in the fourth quarter. R.M.SINCERBEAUX Capital Management LLC now owns 291,392 shares of the company’s stock worth $4,348,000 after buying an additional 76,108 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Kinder Morgan by 13.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,515,079 shares of the company’s stock worth $67,349,000 after buying an additional 535,825 shares during the last quarter. Opus Investment Management Inc. increased its position in Kinder Morgan by 24.7% in the fourth quarter. Opus Investment Management Inc. now owns 116,000 shares of the company’s stock worth $1,731,000 after buying an additional 23,000 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in Kinder Morgan during the fourth quarter worth about $2,194,000.
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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