Kinder Morgan Inc. (KMI) Shares Gap Up to $21.75
Kinder Morgan Inc. (NYSE:KMI)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $21.71, but opened at $21.75. Kinder Morgan shares last traded at $22.42, with a volume of 6,998,552 shares trading hands.
A number of brokerages recently commented on KMI. Credit Suisse Group AG restated a “hold” rating on shares of Kinder Morgan in a report on Sunday, May 22nd. Deutsche Bank AG restated a “buy” rating on shares of Kinder Morgan in a report on Sunday, May 22nd. Vetr downgraded Kinder Morgan from a “hold” rating to a “sell” rating and set a $18.16 target price for the company. in a report on Monday, July 11th. Argus restated a “hold” rating on shares of Kinder Morgan in a report on Wednesday, April 27th. Finally, Jefferies Group reiterated a “hold” rating and issued a $17.00 price objective on shares of Kinder Morgan in a report on Thursday, July 21st. Thirteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Kinder Morgan presently has a consensus rating of “Hold” and an average price target of $20.41.
The company’s 50 day moving average is $20.39 and its 200-day moving average is $18.30. The firm has a market cap of $50.70 billion and a P/E ratio of 811.07.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.15. During the same quarter in the previous year, the firm earned $0.16 EPS. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Kinder Morgan’s revenue was down 9.2% compared to the same quarter last year. Equities analysts predict that Kinder Morgan Inc. will post $0.66 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 1st were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Thursday, July 28th.
Several large investors have recently modified their holdings of KMI. Schwab Charles Investment Management Inc. boosted its stake in shares of Kinder Morgan by 9.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 4,699,092 shares of the company’s stock valued at $70,111,000 after buying an additional 391,556 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 in the last quarter. Andra AP fonden boosted its stake in shares of Kinder Morgan by 42.1% in the fourth quarter. Andra AP fonden now owns 161,700 shares of the company’s stock valued at $2,413,000 after buying an additional 47,900 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at $2,194,000. Finally, Frontier Investment Mgmt Co. boosted its stake 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 valued at $1,885,000 after buying an additional 29,004 shares in 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.
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