Bank of America started coverage on shares of Kinder Morgan (NYSE:KMI) in a report published on Tuesday, The Fly reports. The firm issued a neutral rating on the pipeline company’s stock.
Other equities analysts have also issued research reports about the stock. Mizuho reiterated a hold rating and issued a $22.00 price target on shares of Kinder Morgan in a report on Friday, October 20th. BMO Capital Markets set a $26.00 target price on shares of Kinder Morgan and gave the company a buy rating in a research note on Thursday, October 12th. Zacks Investment Research downgraded shares of Kinder Morgan from a hold rating to a sell rating in a research note on Tuesday, October 17th. Citigroup cut their target price on shares of Kinder Morgan from $23.00 to $21.00 and set a neutral rating on the stock in a research note on Tuesday, October 17th. Finally, Royal Bank of Canada reissued a hold rating and issued a $22.00 target price on shares of Kinder Morgan in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $22.72.
Shares of Kinder Morgan (NYSE:KMI) traded up $0.20 on Tuesday, hitting $19.41. 9,830,000 shares of the company’s stock were exchanged, compared to its average volume of 14,720,000. The firm has a market cap of $43,350.00, a price-to-earnings ratio of 34.66, a PEG ratio of 1.36 and a beta of 0.62. Kinder Morgan has a 52 week low of $16.68 and a 52 week high of $23.01. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.42.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.15. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates 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 quarter last year, the business earned ($0.10) EPS. equities research analysts anticipate that Kinder Morgan will post 0.65 EPS for the current year.
In other news, VP Thomas A. Martin purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were purchased at an average price of $17.10 per share, with a total value of $51,300.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 13.99% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in KMI. Renaissance Technologies LLC increased its stake in Kinder Morgan by 133.5% during the 2nd quarter. Renaissance Technologies LLC now owns 8,210,372 shares of the pipeline company’s stock worth $157,311,000 after buying an additional 4,694,441 shares during the period. Dimensional Fund Advisors LP increased its stake in Kinder Morgan by 22.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,901,548 shares of the pipeline company’s stock worth $228,029,000 after buying an additional 2,217,905 shares during the period. Mackenzie Financial Corp increased its stake in Kinder Morgan by 307.5% during the 3rd quarter. Mackenzie Financial Corp now owns 2,881,569 shares of the pipeline company’s stock worth $55,268,000 after buying an additional 2,174,518 shares during the period. Cohen & Steers Inc. increased its stake in Kinder Morgan by 22.7% during the 3rd quarter. Cohen & Steers Inc. now owns 9,743,540 shares of the pipeline company’s stock worth $186,881,000 after buying an additional 1,801,348 shares during the period. Finally, Tortoise Capital Advisors L.L.C. increased its stake in Kinder Morgan by 11.0% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 13,908,625 shares of the pipeline company’s stock worth $266,767,000 after buying an additional 1,373,610 shares during the period. 60.73% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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