Kinder Morgan, Inc. (KMI) Given Consensus Rating of “Hold” by Brokerages
Kinder Morgan, Inc. (NYSE:KMI) has been assigned an average rating of “Hold” from the twenty-one research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $22.89.
A number of analysts recently commented on KMI shares. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 target price on shares of Kinder Morgan in a research note on Thursday, July 20th. Raymond James Financial, Inc. reiterated a “buy” rating on shares of Kinder Morgan in a research note on Saturday, July 22nd. Zacks Investment Research upgraded shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Mizuho started coverage on shares of Kinder Morgan in a research note on Thursday, July 27th. They issued a “neutral” rating and a $22.00 target price for the company. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $26.00 target price on shares of Kinder Morgan in a research note on Friday, July 28th.
Kinder Morgan (KMI) traded down $0.21 during mid-day trading on Thursday, reaching $17.46. 9,465,100 shares of the company were exchanged, compared to its average volume of 11,305,941. The firm has a market cap of $39,461.35, a PE ratio of 27.18, a PEG ratio of 1.37 and a beta of 0.65. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.96. Kinder Morgan has a one year low of $17.41 and a one year high of $23.01.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.21 billion. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. Kinder Morgan’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the business earned ($0.10) EPS. sell-side analysts anticipate that Kinder Morgan will post 0.64 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Monday, October 30th. Kinder Morgan’s dividend payout ratio (DPR) is 89.29%.
Kinder Morgan declared that its board has authorized a stock repurchase plan on Wednesday, July 19th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the pipeline company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
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Several large investors have recently bought and sold shares of KMI. Heritage Trust Co grew its stake in Kinder Morgan by 457.7% in the 2nd quarter. Heritage Trust Co now owns 5,242 shares of the pipeline company’s stock valued at $101,000 after acquiring an additional 4,302 shares during the period. Welch Investments LLC acquired a new stake in Kinder Morgan in the 3rd quarter valued at $102,000. Fiduciary Trust Co. acquired a new stake in Kinder Morgan in the 2nd quarter valued at $115,000. Parallel Advisors LLC grew its stake in Kinder Morgan by 14.0% in the 2nd quarter. Parallel Advisors LLC now owns 6,673 shares of the pipeline company’s stock valued at $136,000 after acquiring an additional 819 shares during the period. Finally, Acrospire Investment Management LLC grew its stake in Kinder Morgan by 30.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 6,814 shares of the pipeline company’s stock valued at $131,000 after acquiring an additional 1,600 shares during the period. 59.03% of the stock is owned by hedge funds and other institutional investors.
About Kinder Morgan
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.
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