Stifel Nicolaus Downgrades Kinder Morgan Inc. (KMI) to Hold
Kinder Morgan Inc. (NYSE:KMI) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Tuesday. They currently have a $24.00 price objective on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 7.24% from the company’s current price.
Other equities analysts have also issued research reports about the stock. Morgan Stanley raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $23.00 to $24.00 in a report on Thursday, August 18th. Vetr raised shares of Kinder Morgan from a “strong sell” rating to a “sell” rating and set a $19.80 target price on the stock in a report on Monday, July 18th. TheStreet raised shares of Kinder Morgan from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Jefferies Group reaffirmed a “hold” rating and set a $17.00 target price on shares of Kinder Morgan in a report on Thursday, July 21st. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of Kinder Morgan in a report on Tuesday, July 12th. Twelve research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Kinder Morgan presently has a consensus rating of “Hold” and an average target price of $21.19.
Shares of Kinder Morgan (NYSE:KMI) opened at 22.38 on Tuesday. The firm has a 50-day moving average of $22.09 and a 200 day moving average of $19.48. The company has a market capitalization of $49.96 billion, a P/E ratio of 799.29 and a beta of 0.69. 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 results on Wednesday, July 20th. The company reported $0.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.15. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.45 billion. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 EPS. On average, equities research analysts expect that Kinder Morgan will post $0.67 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Hudock Capital Group LLC raised its position in shares of Kinder Morgan by 12.0% in the second quarter. Hudock Capital Group LLC now owns 5,394 shares of the company’s stock valued at $100,000 after buying an additional 576 shares during the last quarter. Stelac Advisory Services LLC acquired a new position in shares of Kinder Morgan during the first quarter valued at about $110,000. Huntington Asset Advisors Inc. acquired a new position in shares of Kinder Morgan during the first quarter valued at about $111,000. Hallmark Capital Management Inc. acquired a new position in shares of Kinder Morgan during the second quarter valued at about $157,000. Finally, PineBridge Investments L.P. raised its position in shares of Kinder Morgan by 465.2% in the second quarter. PineBridge Investments L.P. now owns 9,258 shares of the company’s stock valued at $173,000 after buying an additional 7,620 shares during the last quarter. Institutional investors own 54.61% of the company’s stock.
About Kinder Morgan
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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