Kinder Morgan Inc. (KMI) Trading Up 3.2%
Shares of Kinder Morgan Inc. (NYSE:KMI) were up 3.2% on Tuesday . The company traded as high as $21.99 and last traded at $21.98, with a volume of 9,851,485 shares traded. The stock had previously closed at $21.30.
A number of analysts recently weighed in on KMI shares. Zacks Investment Research upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Monday, June 20th. Vetr upgraded shares of Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $19.69 price target for the company in a research note on Monday, June 13th. Deutsche Bank AG reiterated a “buy” rating on shares of Kinder Morgan in a research note on Thursday, April 21st. Sanford C. Bernstein started coverage on shares of Kinder Morgan in a research note on Wednesday, May 11th. They set a “market perform” rating and a $20.00 price target for the company. Finally, Barclays PLC increased their price target on shares of Kinder Morgan from $20.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, July 18th. Thirteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Kinder Morgan currently has an average rating of “Hold” and an average price target of $20.41.
The stock has a market cap of $48.55 billion and a P/E ratio of 776.79. The stock has a 50 day moving average of $20.27 and a 200-day moving average of $18.27.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period last year, the firm posted $0.16 EPS. The business’s revenue was down 9.2% compared to the same quarter last year. Equities analysts predict that Kinder Morgan Inc. will post $0.69 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Thursday, July 28th.
A number of large investors recently bought and sold shares of the company. Airain ltd bought a new stake in Kinder Morgan during the fourth quarter valued at $1,120,000. Victory Capital Management Inc. increased its stake in Kinder Morgan by 55.3% in the fourth quarter. Victory Capital Management Inc. now owns 104,180 shares of the company’s stock valued at $1,554,000 after buying an additional 37,098 shares during the last quarter. Opus Investment Management Inc. increased its stake in Kinder Morgan by 24.7% in the fourth quarter. Opus Investment Management Inc. now owns 116,000 shares of the company’s stock valued at $1,731,000 after buying an additional 23,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Kinder Morgan during the fourth quarter valued at $1,861,000. Finally, Frontier Investment Mgmt Co. increased its stake in 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 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.
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