Kinder Morgan, Inc. (NYSE:KMI) was downgraded by Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday.

KMI has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Morgan Stanley restated an “overweight” rating and set a $25.00 price target on shares of Kinder Morgan in a research report on Monday, July 3rd. BMO Capital Markets set a $26.00 price target on shares of Kinder Morgan and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Jefferies Group LLC restated a “hold” rating and set a $23.00 price target on shares of Kinder Morgan in a research report on Friday, June 23rd. Finally, Raymond James Financial, Inc. restated a “buy” rating on shares of Kinder Morgan in a research report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Kinder Morgan has a consensus rating of “Buy” and an average target price of $23.84.

Kinder Morgan (NYSE:KMI) opened at 18.81 on Tuesday. The firm has a 50-day moving average of $19.22 and a 200-day moving average of $19.66. Kinder Morgan has a one year low of $18.23 and a one year high of $23.01. The stock has a market capitalization of $42.01 billion, a PE ratio of 62.08 and a beta of 0.65.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 19th. The pipeline company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Kinder Morgan had a return on equity of 4.41% and a net margin of 6.20%. The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter last year, the firm posted $0.15 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts forecast that Kinder Morgan will post $0.64 earnings per share for the current year.

Kinder Morgan announced that its board has initiated a share buyback plan on Wednesday, July 19th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the pipeline company to reacquire up to 4.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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In other news, Director William A. Smith purchased 4,903 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were acquired at an average price of $20.24 per share, for a total transaction of $99,236.72. Following the completion of the acquisition, the director now directly owns 14,587 shares of the company’s stock, valued at $295,240.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.99% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Curbstone Financial Management Corp raised its holdings in shares of Kinder Morgan by 100.0% during the third quarter. Curbstone Financial Management Corp now owns 22,410 shares of the pipeline company’s stock valued at $430,000 after acquiring an additional 11,205 shares during the period. M Holdings Securities Inc. raised its holdings in shares of Kinder Morgan by 58.4% during the second quarter. M Holdings Securities Inc. now owns 17,634 shares of the pipeline company’s stock valued at $338,000 after acquiring an additional 6,501 shares during the period. Brookfield Asset Management Inc. raised its holdings in shares of Kinder Morgan by 4.3% during the second quarter. Brookfield Asset Management Inc. now owns 10,843,859 shares of the pipeline company’s stock valued at $207,769,000 after acquiring an additional 447,389 shares during the period. Achmea Investment Management B.V. raised its holdings in shares of Kinder Morgan by 20.1% during the second quarter. Achmea Investment Management B.V. now owns 148,277 shares of the pipeline company’s stock valued at $2,838,000 after acquiring an additional 24,766 shares during the period. Finally, Paradigm Financial Advisors LLC raised its holdings in shares of Kinder Morgan by 2.8% during the second quarter. Paradigm Financial Advisors LLC now owns 77,361 shares of the pipeline company’s stock valued at $1,482,000 after acquiring an additional 2,082 shares during the period. Institutional investors and hedge funds own 59.08% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.

Analyst Recommendations for Kinder Morgan (NYSE:KMI)

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