Kinder Morgan Inc. (KMI) Shares Gap Up to $21.75
Kinder Morgan Inc. (NYSE:KMI) gapped up prior to trading on Thursday . The stock had previously closed at $21.71, but opened at $21.75. Kinder Morgan shares last traded at $22.42, with a volume of 6,998,552 shares trading hands.
A number of equities research analysts recently weighed in on KMI shares. Zacks Investment Research raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Monday, June 20th. Vetr raised Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $19.69 target price on the stock in a research report on Monday, June 13th. Sanford C. Bernstein started coverage on Kinder Morgan in a research report on Wednesday, May 11th. They set a “market perform” rating and a $20.00 target price on the stock. Deutsche Bank AG reissued a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 29th. Finally, Barclays PLC lifted their target price on Kinder Morgan from $20.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, July 18th. Thirteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $20.41.
The firm has a 50-day moving average of $20.49 and a 200-day moving average of $18.35. The company has a market capitalization of $49.74 billion and a PE ratio of 795.71.
Kinder Morgan (NYSE:KMI) last announced 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. During the same quarter in the previous year, the company earned $0.16 EPS. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.45 billion. The business’s revenue for the quarter was down 9.2% on a year-over-year basis. On average, equities analysts expect that Kinder Morgan Inc. will post $0.66 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 1st were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.24%.
Other hedge funds and institutional investors have made changes to their positions in the company. Opus Investment Management Inc. raised its position in shares of Kinder Morgan by 24.7% in the fourth quarter. Opus Investment Management Inc. now owns 116,000 shares of the company’s stock worth $1,731,000 after buying an additional 23,000 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Kinder Morgan by 55.3% in the fourth quarter. Victory Capital Management Inc. now owns 104,180 shares of the company’s stock worth $1,554,000 after buying an additional 37,098 shares during the last quarter. Airain ltd acquired a new position in shares of Kinder Morgan during the fourth quarter worth about $1,120,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Kinder Morgan during the fourth quarter worth about $1,861,000. Finally, Trexquant Investment LP acquired a new position in shares of Kinder Morgan during the fourth quarter worth about $2,194,000.
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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