Kinder Morgan Inc. (KMI) Stock Price Up 3.8%
Kinder Morgan Inc. (NYSE:KMI)’s share price rose 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.
KMI has been the topic of several research analyst reports. Barclays PLC reissued a “buy” rating on shares of Kinder Morgan in a report on Monday, April 11th. Deutsche Bank AG restated a “buy” rating on shares of Kinder Morgan in a research report on Thursday, April 21st. Vetr cut shares of Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $19.96 price target on the stock. in a research report on Monday, May 30th. Argus restated a “hold” rating on shares of Kinder Morgan in a research report on Wednesday, April 27th. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $22.00 price target on shares of Kinder Morgan in a research report on Thursday, March 24th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $22.01.
The firm has a market capitalization of $44.36 billion and a P/E ratio of 764.62. The firm has a 50 day moving average price of $18.17 and a 200-day moving average price of $17.13.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 20th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.07. The business earned $3.20 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the firm earned $0.58 EPS. The business’s quarterly revenue was down 11.2% compared to the same quarter last year. On average, equities research analysts anticipate that Kinder Morgan Inc. will post $0.70 EPS for the current year.
Other hedge funds and institutional investors recently bought and sold shares of the company. Deimos Asset Management LLC bought a new position in Kinder Morgan during the fourth quarter valued at approximately $1,044,000. Cowen Prime Services LLC raised its position in Kinder Morgan by 2.0% in the fourth quarter. Cowen Prime Services LLC now owns 72,400 shares of the company’s stock valued at $1,080,000 after buying an additional 1,400 shares in the last quarter. Camelot Portfolios LLC raised its position in Kinder Morgan by 100.5% in the fourth quarter. Camelot Portfolios LLC now owns 82,708 shares of the company’s stock valued at $1,234,000 after buying an additional 41,465 shares in the last quarter. LS Investment Advisors LLC raised its position in Kinder Morgan by 33.3% in the fourth quarter. LS Investment Advisors LLC now owns 87,892 shares of the company’s stock valued at $1,311,000 after buying an additional 21,950 shares in the last quarter. Finally, Twin Capital Management Inc. raised its position in Kinder Morgan by 0.5% in the fourth quarter. Twin Capital Management Inc. now owns 90,470 shares of the company’s stock valued at $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.
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