Morgan Stanley Lowers Kinder Morgan, Inc. (KMI) Price Target to $24.00
Kinder Morgan, Inc. (NYSE:KMI) had its target price dropped by investment analysts at Morgan Stanley from $25.00 to $24.00 in a research note issued to investors on Friday. The brokerage currently has an “overweight” rating on the pipeline company’s stock. Morgan Stanley’s price objective indicates a potential upside of 41.09% from the company’s current price.
Other research analysts have also recently issued research reports about the company. BMO Capital Markets restated a “buy” rating and issued a $26.00 price target on shares of Kinder Morgan in a research note on Friday, July 28th. Raymond James Financial, Inc. restated a “buy” rating on shares of Kinder Morgan in a research note on Saturday, July 22nd. Stifel Nicolaus set a $25.00 price target on Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, August 17th. SunTrust Banks, Inc. set a $23.00 price target on Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, October 19th. Finally, Zacks Investment Research upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $22.97.
Kinder Morgan (NYSE:KMI) opened at $17.01 on Friday. Kinder Morgan has a one year low of $16.70 and a one year high of $23.01. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $37,987.41, a price-to-earnings ratio of 26.17, a PEG ratio of 1.32 and a beta of 0.65.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.21 billion. During the same quarter in the previous year, the business earned ($0.10) earnings per share. The company’s revenue was down 1.5% on a year-over-year basis. research analysts expect that Kinder Morgan will post 0.64 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in KMI. First Financial Equity Corporation bought a new stake in Kinder Morgan during the first quarter valued at about $4,858,000. Salem Investment Counselors Inc. grew its holdings in Kinder Morgan by 20.6% during the first quarter. Salem Investment Counselors Inc. now owns 7,959 shares of the pipeline company’s stock valued at $171,000 after purchasing an additional 1,359 shares during the period. Green Square Capital LLC grew its holdings in Kinder Morgan by 76.6% during the first quarter. Green Square Capital LLC now owns 27,014 shares of the pipeline company’s stock valued at $587,000 after purchasing an additional 11,719 shares during the period. Hutchens Investment Management Inc grew its holdings in Kinder Morgan by 3.3% during the first quarter. Hutchens Investment Management Inc now owns 40,430 shares of the pipeline company’s stock valued at $878,000 after purchasing an additional 1,280 shares during the period. Finally, Aristotle Capital Management LLC boosted its stake in shares of Kinder Morgan by 27.3% in the first quarter. Aristotle Capital Management LLC now owns 95,500 shares of the pipeline company’s stock worth $2,076,000 after acquiring an additional 20,500 shares during the period. 59.03% of the stock is owned by institutional investors and hedge funds.
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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