Kinder Morgan Inc (KMI) Receives Consensus Rating of “Buy” from Analysts
Kinder Morgan Inc (NYSE:KMI) has been assigned an average recommendation of “Buy” from the twenty brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $20.78.
Several research firms have issued reports on KMI. Goldman Sachs Group began coverage on shares of Kinder Morgan in a research note on Monday, October 8th. They issued a “conviction-buy” rating and a $24.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. Credit Suisse Group began coverage on shares of Kinder Morgan in a research note on Thursday, October 11th. They issued an “outperform” rating and a $23.00 price objective for the company. Stifel Nicolaus upped their price objective on shares of Kinder Morgan from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. Finally, ValuEngine upgraded shares of Kinder Morgan from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th.
Shares of KMI stock opened at $17.28 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.05 and a quick ratio of 0.98. The firm has a market cap of $38.12 billion, a P/E ratio of 26.18, a PEG ratio of 2.34 and a beta of 0.69. Kinder Morgan has a 12 month low of $14.69 and a 12 month high of $19.83.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were issued a $0.20 dividend. The ex-dividend date was Tuesday, October 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.63%. Kinder Morgan’s payout ratio is 121.21%.
In other Kinder Morgan news, insider Richard D. Kinder bought 500,000 shares of Kinder Morgan stock in a transaction dated Thursday, September 27th. The stock was acquired at an average cost of $17.55 per share, with a total value of $8,775,000.00. Following the completion of the acquisition, the insider now owns 235,212,353 shares of the company’s stock, valued at $4,127,976,795.15. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 14.16% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Starr International Co. Inc. raised its holdings in shares of Kinder Morgan by 36.0% in the second quarter. Starr International Co. Inc. now owns 198,576 shares of the pipeline company’s stock valued at $3,509,000 after buying an additional 52,599 shares during the last quarter. Paloma Partners Management Co raised its holdings in shares of Kinder Morgan by 14.3% in the second quarter. Paloma Partners Management Co now owns 84,323 shares of the pipeline company’s stock valued at $1,490,000 after buying an additional 10,541 shares during the last quarter. Cadence Capital Management LLC raised its holdings in shares of Kinder Morgan by 2.5% in the third quarter. Cadence Capital Management LLC now owns 509,272 shares of the pipeline company’s stock valued at $9,029,000 after buying an additional 12,214 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Kinder Morgan in the second quarter valued at about $24,035,000. Finally, Millennium Management LLC raised its holdings in shares of Kinder Morgan by 81.4% in the second quarter. Millennium Management LLC now owns 3,673,782 shares of the pipeline company’s stock valued at $64,916,000 after buying an additional 1,648,737 shares during the last quarter. 61.04% of the stock is owned by institutional investors and hedge funds.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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