Kinder Morgan Inc. (KMI) Stock Price Up 3.2%
Kinder Morgan Inc. (NYSE:KMI) rose 3.2% during trading on Tuesday . The stock traded as high as $21.99 and last traded at $21.98, with a volume of 9,851,485 shares. The stock had previously closed at $21.30.
KMI has been the topic of several recent analyst reports. BMO Capital Markets initiated coverage on Kinder Morgan in a report on Tuesday, April 19th. They set a “market perform” rating and a $19.00 target price on the stock. Deutsche Bank AG reissued a “buy” rating on shares of Kinder Morgan in a report on Thursday, April 21st. Bank of America Corp. reissued a “neutral” rating and set a $18.74 target price (down previously from $19.00) on shares of Kinder Morgan in a report on Thursday, April 21st. Argus reissued a “hold” rating on shares of Kinder Morgan in a report on Wednesday, April 27th. Finally, Sanford C. Bernstein assumed coverage on Kinder Morgan in a report on Wednesday, May 11th. They issued a “market perform” rating and a $20.00 price target on the stock. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Kinder Morgan has an average rating of “Hold” and a consensus target price of $20.18.
The company has a market cap of $48.61 billion and a price-to-earnings ratio of 777.679. The company’s 50-day moving average is $20.03 and its 200-day moving average is $18.21.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The business earned $3.14 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the previous year, the business posted $0.16 earnings per share. Kinder Morgan’s revenue was down 9.2% compared to the same quarter last year. On average, equities analysts predict that Kinder Morgan Inc. will post $0.69 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 1st were paid a $0.125 dividend. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $0.50 dividend on an annualized basis and a yield of 2.35%.
Other institutional investors have made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Kinder Morgan during the fourth quarter worth about $1,861,000. Frontier Investment Mgmt Co. boosted its position in shares of Kinder Morgan by 29.8% in the fourth quarter. Frontier Investment Mgmt Co. now owns 126,337 shares of the company’s stock worth $1,885,000 after buying an additional 29,004 shares during the last quarter. Ancora Advisors LLC boosted its position in shares of Kinder Morgan by 1.6% in the fourth quarter. Ancora Advisors LLC now owns 50,566 shares of the company’s stock worth $2,139,000 after buying an additional 802 shares during the last quarter. Airain ltd acquired a new position in shares of Kinder Morgan during the fourth quarter worth about $1,120,000. Finally, 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 worth $67,349,000 after buying an additional 535,825 shares during the last quarter.
Kinder Morgan, Inc (KMI) is an energy infrastructure company in North America. The Company segments include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Company’s Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.