Vetr Inc. Downgrades Kinder Morgan Inc. (KMI) to Buy
Kinder Morgan Inc. (NYSE:KMI) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued on Monday. They currently have a $24.07 target price on the stock. Vetr‘s price target indicates a potential upside of 10.01% from the stock’s current price.
KMI has been the topic of several other research reports. Morgan Stanley raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $23.00 to $24.00 in a report on Thursday, August 18th. Credit Suisse Group AG set a $23.00 price target on Kinder Morgan and gave the company a “hold” rating in a report on Wednesday, July 20th. Jefferies Group reaffirmed a “hold” rating and issued a $17.00 price target on shares of Kinder Morgan in a report on Thursday, July 21st. Barclays PLC raised their price target on Kinder Morgan from $20.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, July 18th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 29th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.83.
Kinder Morgan (NYSE:KMI) opened at 21.88 on Monday. The firm has a market capitalization of $48.84 billion, a price-to-earnings ratio of 781.43 and a beta of 0.63. The company has a 50 day moving average price of $21.55 and a 200-day moving average price of $19.18. Kinder Morgan has a 1-year low of $11.20 and a 1-year high of $32.89.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Kinder Morgan had a return on equity of 4.82% and a net margin of 1.63%. The firm’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 EPS. On average, analysts forecast that Kinder Morgan will post $0.67 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. boosted its position in Kinder Morgan by 2.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 211,070 shares of the company’s stock worth $3,149,000 after buying an additional 4,600 shares during the last quarter. Acadian Asset Management LLC boosted its position in Kinder Morgan by 706,750.0% in the first quarter. Acadian Asset Management LLC now owns 14,137 shares of the company’s stock worth $252,000 after buying an additional 14,135 shares during the last quarter. Hoertkorn Richard Charles boosted its position in Kinder Morgan by 106.5% in the first quarter. Hoertkorn Richard Charles now owns 117,975 shares of the company’s stock worth $2,107,000 after buying an additional 60,845 shares during the last quarter. BLB&B Advisors LLC boosted its position in Kinder Morgan by 12.7% in the first quarter. BLB&B Advisors LLC now owns 129,721 shares of the company’s stock worth $2,317,000 after buying an additional 14,607 shares during the last quarter. Finally, Davis R M Inc. boosted its position in Kinder Morgan by 53.9% in the first quarter. Davis R M Inc. now owns 25,406 shares of the company’s stock worth $454,000 after buying an additional 8,897 shares during the last quarter. Institutional investors own 54.65% of the company’s stock.
Kinder Morgan Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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