Kinder Morgan Inc. (KMI) Upgraded to Strong-Buy by Vetr Inc.
Vetr upgraded shares of Kinder Morgan Inc. (NYSE:KMI) from a buy rating to a strong-buy rating in a research note released on Monday morning. The firm currently has $24.21 price target on the stock.
A number of other equities research analysts have also commented on KMI. Morgan Stanley upgraded shares of Kinder Morgan from an equal weight rating to an overweight rating and raised their price objective for the stock from $23.00 to $24.00 in a report on Thursday, August 18th. Zacks Investment Research upgraded shares of Kinder Morgan from a hold rating to a buy rating and set a $25.00 price objective on the stock in a report on Tuesday, September 20th. Stifel Nicolaus lowered shares of Kinder Morgan from a buy rating to a hold rating and set a $24.00 price objective on the stock. in a report on Tuesday, October 4th. Wolfe Research started coverage on shares of Kinder Morgan in a report on Friday, October 7th. They set a hold rating and a $24.00 price objective on the stock. Finally, Credit Suisse Group AG upgraded shares of Kinder Morgan from a neutral rating to an outperform rating and raised their price objective for the stock from $23.00 to $26.00 in a report on Thursday, October 20th. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $22.33.
Shares of Kinder Morgan (NYSE:KMI) opened at 21.43 on Monday. The firm’s 50-day moving average is $20.96 and its 200-day moving average is $20.35. The company’s market capitalization is $47.84 billion. Kinder Morgan has a 12-month low of $11.20 and a 12-month high of $23.62.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 19th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.25. Kinder Morgan had a positive return on equity of 4.69% and a negative net margin of 1.13%. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the business earned $0.08 earnings per share. The company’s revenue was down 10.2% on a year-over-year basis. On average, equities research analysts anticipate that Kinder Morgan will post $0.64 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, October 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.33%. Kinder Morgan’s payout ratio is presently -416.67%.
In other Kinder Morgan news, Director Fayez Sarofim bought 700,000 shares of the firm’s stock in a transaction on Monday, October 24th. The shares were purchased at an average price of $21.41 per share, for a total transaction of $14,987,000.00. Following the transaction, the director now directly owns 29,142,387 shares in the company, valued at approximately $623,938,505.67. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 13.97% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in 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 worth $100,000 after buying an additional 576 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Kinder Morgan by 3.4% in the third quarter. Quadrant Capital Group LLC now owns 5,593 shares of the company’s stock valued at $119,000 after buying an additional 182 shares in the last quarter. BKS Advisors LLC purchased a new stake in Kinder Morgan during the third quarter valued at about $138,000. IndexIQ Advisors LLC raised its stake in Kinder Morgan by 114.4% in the third quarter. IndexIQ Advisors LLC now owns 6,263 shares of the company’s stock valued at $145,000 after buying an additional 3,342 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its stake in Kinder Morgan by 535.1% in the third quarter. JFS Wealth Advisors LLC now owns 7,501 shares of the company’s stock valued at $173,000 after buying an additional 6,320 shares in the last quarter. Hedge funds and other institutional investors own 54.05% 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.
To view Vetr’s full report, visit Vetr’s official website.
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