Shares of Kinder Morgan (NYSE:KMI) have earned an average recommendation of “Hold” from the twenty-four research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $22.32.
A number of research firms have issued reports on KMI. Credit Suisse Group initiated coverage on shares of Kinder Morgan in a report on Thursday, January 4th. They issued an “outperform” rating and a $23.00 price target for the company. Zacks Investment Research lowered shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Wells Fargo restated a “market perform” rating on shares of Kinder Morgan in a research report on Thursday, January 11th. Bank of America initiated coverage on shares of Kinder Morgan in a research report on Tuesday, January 9th. They set a “neutral” rating on the stock. Finally, Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating in a research report on Monday, January 29th. They noted that the move was a valuation call.
In other Kinder Morgan news, Director William A. Smith purchased 5,500 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were purchased at an average cost of $19.52 per share, with a total value of $107,360.00. Following the completion of the purchase, the director now owns 14,587 shares in the company, valued at approximately $284,738.24. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 13.99% of the company’s stock.
Several large investors have recently bought and sold shares of KMI. Colonial Trust Advisors purchased a new position in Kinder Morgan during the fourth quarter worth about $181,000. Xact Kapitalforvaltning AB raised its stake in Kinder Morgan by 13.7% during the fourth quarter. Xact Kapitalforvaltning AB now owns 198,778 shares of the pipeline company’s stock worth $3,592,000 after purchasing an additional 23,890 shares during the period. Envestnet Asset Management Inc. raised its stake in Kinder Morgan by 47.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 344,957 shares of the pipeline company’s stock worth $6,233,000 after purchasing an additional 110,681 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Kinder Morgan by 1.9% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,122,716 shares of the pipeline company’s stock worth $20,287,000 after purchasing an additional 21,214 shares during the period. Finally, Pin Oak Investment Advisors Inc. purchased a new position in Kinder Morgan during the fourth quarter worth about $401,000. 62.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kinder Morgan (KMI) traded up $0.10 during mid-day trading on Wednesday, reaching $16.41. 21,258,613 shares of the company’s stock were exchanged, compared to its average volume of 14,557,101. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.37. The company has a market cap of $35,980.95, a P/E ratio of 1,641.00, a P/E/G ratio of 1.66 and a beta of 0.62. Kinder Morgan has a twelve month low of $15.07 and a twelve month high of $21.92.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same period last year, the firm earned $0.08 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. analysts expect that Kinder Morgan will post 0.85 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Tuesday, January 30th. Kinder Morgan’s dividend payout ratio is currently 5,000.00%.
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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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