Kinder Morgan (NYSE:KMI) was upgraded by stock analysts at Bank of America from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.
A number of other equities analysts also recently weighed in on KMI. Credit Suisse Group started coverage on shares of Kinder Morgan in a research note on Thursday, January 4th. They issued an “outperform” rating and a $23.00 target price for the company. Zacks Investment Research downgraded shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Wells Fargo reaffirmed a “market perform” rating on shares of Kinder Morgan in a research note on Thursday, January 11th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating in a research note on Monday, January 29th. They noted that the move was a valuation call. Finally, Morgan Stanley dropped their target price on shares of Kinder Morgan from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.50.
KMI stock opened at $15.61 on Wednesday. Kinder Morgan has a 12 month low of $15.07 and a 12 month high of $21.92. The firm has a market cap of $35,297.07, a PE ratio of 1,561.00, a price-to-earnings-growth ratio of 1.63 and a beta of 0.62. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.37.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share for the quarter, topping 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 company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the previous year, the firm posted $0.08 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. sell-side analysts anticipate that Kinder Morgan will post 0.85 EPS for the current year.
In other news, Director William A. Smith acquired 5,500 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was purchased at an average price of $19.52 per share, for a total transaction of $107,360.00. Following the completion of the acquisition, the director now owns 14,587 shares in the company, valued at $284,738.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.99% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Clearbridge Investments LLC boosted its holdings in shares of Kinder Morgan by 125.7% in the fourth quarter. Clearbridge Investments LLC now owns 12,648,613 shares of the pipeline company’s stock valued at $228,560,000 after buying an additional 7,043,594 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Kinder Morgan by 193.5% in the fourth quarter. Mackenzie Financial Corp now owns 8,456,050 shares of the pipeline company’s stock valued at $152,801,000 after buying an additional 5,574,481 shares during the period. Clearbridge LLC boosted its holdings in shares of Kinder Morgan by 106.4% in the fourth quarter. Clearbridge LLC now owns 4,939,820 shares of the pipeline company’s stock valued at $89,263,000 after buying an additional 2,546,130 shares during the period. Maple Brown Abbott Ltd boosted its holdings in shares of Kinder Morgan by 46.6% in the fourth quarter. Maple Brown Abbott Ltd now owns 6,772,088 shares of the pipeline company’s stock valued at $122,372,000 after buying an additional 2,154,212 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Kinder Morgan by 17.2% in the third quarter. Dimensional Fund Advisors LP now owns 13,950,108 shares of the pipeline company’s stock valued at $267,575,000 after buying an additional 2,048,560 shares during the period. Hedge funds and other institutional investors own 62.55% of the company’s stock.
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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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