Kinder Morgan (NYSE:KMI) Now Covered by Bank of America

Analysts at Bank of America started coverage on shares of Kinder Morgan (NYSE:KMI) in a report released on Tuesday, January 9th, The Fly reports. The brokerage set a “neutral” rating on the pipeline company’s stock.

KMI has been the subject of a number of other reports. Stifel Nicolaus reduced their price objective on shares of Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th. Mizuho reaffirmed a “hold” rating and set a $22.00 target price on shares of Kinder Morgan in a report on Friday, October 20th. SunTrust Banks set a $23.00 target price on shares of Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, October 19th. Zacks Investment Research lowered shares of Kinder Morgan from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Finally, Goldman Sachs Group lowered shares of Kinder Morgan from a “buy” rating to a “neutral” rating and upped their price objective for the company from $18.81 to $22.00 in a report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $22.72.

Shares of Kinder Morgan (NYSE KMI) remained flat at $$19.02 during midday trading on Tuesday. 12,025,359 shares of the company were exchanged, compared to its average volume of 16,666,625. 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 has a 1-year low of $16.68 and a 1-year high of $23.01. The firm has a market capitalization of $42,410.00, a price-to-earnings ratio of 1,901.50, a PEG ratio of 1.33 and a beta of 0.62.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.52 billion. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.35%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 EPS. sell-side analysts forecast that Kinder Morgan will post 0.74 earnings per share for the current year.

In other news, VP Thomas A. Martin bought 3,000 shares of Kinder Morgan 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.99% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of Kinder Morgan by 17.2% during the third quarter. Dimensional Fund Advisors LP now owns 13,950,108 shares of the pipeline company’s stock worth $267,575,000 after acquiring an additional 2,048,560 shares during the last quarter. Tortoise Capital Advisors L.L.C. grew its position in shares of Kinder Morgan by 11.0% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 13,908,625 shares of the pipeline company’s stock worth $266,767,000 after acquiring an additional 1,373,610 shares during the last quarter. Legal & General Group Plc grew its position in shares of Kinder Morgan by 6.0% during the third quarter. Legal & General Group Plc now owns 11,314,018 shares of the pipeline company’s stock worth $217,014,000 after acquiring an additional 636,683 shares during the last quarter. Brookfield Asset Management Inc. grew its position 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 worth $207,769,000 after acquiring an additional 447,389 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in shares of Kinder Morgan by 4.7% during the second quarter. TIAA CREF Investment Management LLC now owns 10,563,641 shares of the pipeline company’s stock worth $202,399,000 after acquiring an additional 477,596 shares during the last quarter. Institutional investors and hedge funds own 60.78% of the company’s stock.

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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.

The Fly

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