Kinder Morgan Inc. (KMI) Coverage Initiated at Wolfe Research
KMI has been the subject of several other research reports. Zacks Investment Research upgraded Kinder Morgan from a hold rating to a buy rating and set a $25.00 price objective for the company in a report on Tuesday, September 20th. Vetr upgraded Kinder Morgan from a buy rating to a strong-buy rating and set a $24.78 price objective for the company in a report on Monday, September 12th. Deutsche Bank AG restated a buy rating on shares of Kinder Morgan in a report on Wednesday, June 29th. Morgan Stanley upgraded Kinder Morgan from an equal weight rating to an overweight rating and raised their price objective for the company from $23.00 to $24.00 in a report on Thursday, August 18th. Finally, TheStreet upgraded Kinder Morgan from a sell rating to a hold rating in a report on Wednesday, June 22nd. Thirteen 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. The company has a consensus rating of Hold and an average price target of $21.35.
Shares of Kinder Morgan (NYSE:KMI) opened at 20.75 on Friday. The firm has a market cap of $46.32 billion, a PE ratio of 741.07 and a beta of 0.69. Kinder Morgan has a 12 month low of $11.20 and a 12 month high of $32.79. The firm has a 50 day moving average price of $21.98 and a 200-day moving average price of $19.59.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. The firm earned $3.14 billion during 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 company’s revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS. On average, analysts predict that Kinder Morgan will post $0.67 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in KMI. Hudock Capital Group LLC increased its stake in Kinder Morgan by 12.0% in the second quarter. Hudock Capital Group LLC now owns 5,394 shares of the company’s stock worth $100,000 after buying an additional 576 shares during the last quarter. Stelac Advisory Services LLC acquired a new stake in Kinder Morgan during the first quarter worth $110,000. Huntington Asset Advisors Inc. acquired a new stake in Kinder Morgan during the first quarter worth $111,000. Hallmark Capital Management Inc. acquired a new stake in Kinder Morgan during the second quarter worth $157,000. Finally, PineBridge Investments L.P. increased its stake in Kinder Morgan by 465.2% in the second quarter. PineBridge Investments L.P. now owns 9,258 shares of the company’s stock worth $173,000 after buying an additional 7,620 shares during the last quarter. Institutional investors own 54.61% 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.
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