Investors Sell Shares of Kinder Morgan Inc. (KMI) on Strength (KMI)
Traders 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 0th highest net out-flow for the day. Kinder Morgan traded up $0.27 for the day and closed at $21.22
A number of brokerages have commented on KMI. Jefferies Group reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Kinder Morgan in a report on Thursday. Vetr raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $21.84 price objective on the stock in a report on Monday. Barclays PLC upped their price objective on Kinder Morgan from $20.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, July 18th. Credit Suisse Group AG set a $23.00 price objective on Kinder Morgan and gave the company a “hold” rating in a report on Wednesday. Finally, BMO Capital Markets began coverage on Kinder Morgan in a report on Tuesday, April 19th. They issued a “market perform” rating and a $19.00 price objective on the stock. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $21.64.
The stock has a 50-day moving average price of $18.94 and a 200 day moving average price of $17.44. The stock has a market capitalization of $47.30 billion and a price-to-earnings ratio of 785.93.
Kinder Morgan (NYSE:KMI) last released its 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 firm earned $3.14 billion during the quarter, compared to analysts’ expectations of $3.45 billion. The business’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. Equities analysts forecast that Kinder Morgan Inc. will post $0.66 earnings per share for the current year.
The business 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. This represents a $0.50 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Thursday, July 28th.
Several institutional investors recently made changes to their positions in the stock. Atlantic Trust Group LLC boosted 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 valued at $134,786,000 after buying an additional 3,999,623 shares during the period. Dimensional Fund Advisors LP boosted 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 valued at $67,349,000 after buying an additional 535,825 shares during the period. Trexquant Investment LP bought a new position in shares of Kinder Morgan during the fourth quarter valued at $2,194,000. Smith Salley & Associates boosted its position in shares of Kinder Morgan by 72.3% in the fourth quarter. Smith Salley & Associates now owns 321,749 shares of the company’s stock valued at $4,800,000 after buying an additional 135,054 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. boosted 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 valued at $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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