Kinder Morgan Inc. (KMI) Lifted to “Strong-Buy” at Vetr Inc.
Vetr upgraded shares of Kinder Morgan Inc. (NYSE:KMI) from a buy rating to a strong-buy rating in a research report report published on Tuesday morning. They currently have $25.20 target price on the stock.
Several other analysts have also issued reports on KMI. Zacks Investment Research upgraded shares of Kinder Morgan from a strong sell rating to a hold rating in a research report on Monday, June 20th. TheStreet upgraded shares of Kinder Morgan from a sell rating to a hold rating in a research report on Wednesday, June 22nd. Deutsche Bank AG reissued a buy rating on shares of Kinder Morgan in a research note on Wednesday, June 29th. Credit Suisse Group AG reissued a hold rating on shares of Kinder Morgan in a research note on Tuesday, July 12th. Finally, Barclays PLC increased their price objective on shares of Kinder Morgan from $20.00 to $25.00 and gave the company an overweight rating in a research note on Monday, July 18th. Thirteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Hold and an average price target of $21.35.
Shares of Kinder Morgan (NYSE:KMI) opened at 21.68 on Tuesday. The firm’s 50-day moving average is $22.07 and its 200-day moving average is $19.53. The firm has a market cap of $48.40 billion, a price-to-earnings ratio of 774.29 and a beta of 0.69. Kinder Morgan has a 12-month low of $11.20 and a 12-month high of $32.79.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The business 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 firm’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. Analysts predict that Kinder Morgan will post $0.67 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stockman Asset Management raised its position in Kinder Morgan by 0.5% in the first quarter. Stockman Asset Management now owns 14,525 shares of the company’s stock worth $259,000 after buying an additional 76 shares during the last quarter. Fairfield Bush & CO. raised its position in Kinder Morgan by 0.3% in the second quarter. Fairfield Bush & CO. now owns 31,950 shares of the company’s stock worth $598,000 after buying an additional 80 shares during the last quarter. Ngam Advisors L.P. raised its position in Kinder Morgan by 0.7% in the second quarter. Ngam Advisors L.P. now owns 27,744 shares of the company’s stock worth $519,000 after buying an additional 184 shares during the last quarter. CapWealth Advisors LLC raised its position in Kinder Morgan by 1.5% in the second quarter. CapWealth Advisors LLC now owns 16,134 shares of the company’s stock worth $302,000 after buying an additional 243 shares during the last quarter. Finally, Trust Co. of Toledo NA OH raised its position in Kinder Morgan by 2.6% in the second quarter. Trust Co. of Toledo NA OH now owns 11,797 shares of the company’s stock worth $221,000 after buying an additional 300 shares during the last quarter. 54.61% of the stock is currently owned by institutional investors.
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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