Kinder Morgan Inc. (KMI) Shares Up 3.8%
Shares of Kinder Morgan Inc. (NYSE:KMI) shot up 3.8% during trading on Monday . The stock traded as high as $19.35 and last traded at $19.24, with a volume of 11,692,329 shares traded. The stock had previously closed at $18.54.
Several brokerages have recently commented on KMI. BMO Capital Markets began coverage on shares of Kinder Morgan in a research report on Tuesday, April 19th. They set a “market perform” rating and a $19.00 price objective for the company. TheStreet raised shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Credit Suisse Group AG downgraded shares of Kinder Morgan from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $20.00 to $22.00 in a research report on Thursday, March 17th. Vetr downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $19.13 price target for the company. in a research report on Wednesday, June 29th. Finally, Simmons reissued a “neutral” rating and issued a $18.00 price target on shares of Kinder Morgan in a research report on Friday, April 15th. Thirteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $22.07.
The stock’s 50 day moving average price is $18.06 and its 200 day moving average price is $17.07. The stock has a market cap of $42.89 billion and a price-to-earnings ratio of 739.23.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 20th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.07. The business earned $3.20 billion during the quarter, compared to analyst estimates of $3.76 billion. The company’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same period last year, the business posted $0.58 EPS. On average, equities analysts anticipate that Kinder Morgan Inc. will post $0.70 earnings per share for the current fiscal year.
Other large investors recently added to or reduced their stakes in the company. Deimos Asset Management LLC bought a new stake in Kinder Morgan during the fourth quarter worth approximately $1,044,000. Cowen Prime Services LLC boosted its stake in Kinder Morgan by 2.0% in the fourth quarter. Cowen Prime Services LLC now owns 72,400 shares of the company’s stock worth $1,080,000 after buying an additional 1,400 shares in the last quarter. Camelot Portfolios LLC boosted its stake in Kinder Morgan by 100.5% in the fourth quarter. Camelot Portfolios LLC now owns 82,708 shares of the company’s stock worth $1,234,000 after buying an additional 41,465 shares in the last quarter. LS Investment Advisors LLC boosted its stake in Kinder Morgan by 33.3% in the fourth quarter. LS Investment Advisors LLC now owns 87,892 shares of the company’s stock worth $1,311,000 after buying an additional 21,950 shares in the last quarter. Finally, Twin Capital Management Inc. boosted its stake in Kinder Morgan by 0.5% in the fourth quarter. Twin Capital Management Inc. now owns 90,470 shares of the company’s stock worth $1,350,000 after buying an additional 460 shares in the last quarter.
Kinder Morgan, Inc (KMI) is an energy infrastructure and energy company in North America. The Company operates through six segments: Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.