Investors Sell Shares of Kinder Morgan Inc. (KMI) on Strength (KMI)
Investors sold shares of Kinder Morgan Inc. (NYSE:KMI) on strength during trading on Friday. $66.10 million flowed into the stock on the tick-up and $81.25 million flowed out of the stock on the tick-down, for a money net flow of $15.15 million out of the stock. Of all stocks tracked, Kinder Morgan had the 26th highest net out-flow for the day. Kinder Morgan traded up $0.27 for the day and closed at $21.22
Several research firms recently commented on KMI. Jefferies Group restated a “hold” rating and issued a $17.00 price target on shares of Kinder Morgan in a report on Thursday. Vetr upgraded shares of Kinder Morgan from a “strong sell” rating to a “sell” rating and set a $19.80 price objective on the stock in a research note on Monday. Barclays PLC lifted their price objective on shares of Kinder Morgan from $20.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday. Credit Suisse Group AG set a $23.00 price objective on shares of Kinder Morgan and gave the company a “hold” rating in a research note on Wednesday. Finally, BMO Capital Markets started coverage on shares of Kinder Morgan in a research note on Tuesday, April 19th. They set a “market perform” rating and a $19.00 price objective on the stock. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $21.52.
The stock has a market capitalization of $47.35 billion and a P/E ratio of 785.93. The stock’s 50-day moving average is $18.94 and its 200 day moving average is $17.44.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the previous year, the company earned $0.16 EPS. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. On average, analysts expect that Kinder Morgan Inc. will post $0.68 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 1st will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, July 28th. This represents a $0.50 dividend on an annualized basis and a yield of 2.36%.
Several hedge funds and institutional investors have modified their holdings of the company. Atlantic Trust Group LLC raised its position in shares of Kinder Morgan by 79.4% in the fourth quarter. Atlantic Trust Group LLC now owns 9,033,921 shares of the company’s stock worth $134,786,000 after buying an additional 3,999,623 shares during the period. Dimensional Fund Advisors LP raised its position in shares of 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 period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Kinder Morgan by 45.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,305,227 shares of the company’s stock worth $19,474,000 after buying an additional 406,783 shares during the period. Advisors Asset Management Inc. raised its position in shares of Kinder Morgan by 1.6% in the fourth quarter. Advisors Asset Management Inc. now owns 1,100,673 shares of the company’s stock worth $16,422,000 after buying an additional 17,571 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. raised its position in shares of Kinder Morgan by 18.0% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 563,992 shares of the company’s stock worth $8,414,000 after buying an additional 85,838 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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