Kinder Morgan (NYSE:KMI)‘s stock had its “buy” rating reiterated by research analysts at Bank of America in a research report issued on Thursday. They presently have a $16.17 price target on the pipeline company’s stock, down from their prior price target of $20.00. Bank of America’s price target points to a potential downside of 2.06% from the company’s previous close.
Several other equities research analysts have also commented on KMI. Jefferies Group cut their price target on shares of Kinder Morgan from $20.00 to $16.00 and set a “hold” rating for the company in a report on Monday. Mizuho set a $19.00 price target on shares of Kinder Morgan and gave the stock a “hold” rating in a report on Wednesday, April 11th. Barclays cut their price target on shares of Kinder Morgan from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday. Royal Bank of Canada lowered their target price on shares of Kinder Morgan to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, April 10th. They noted that the move was a valuation call. Finally, Wells Fargo reaffirmed a “market perform” rating on shares of Kinder Morgan in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $21.60.
Shares of NYSE KMI opened at $16.51 on Thursday. The firm has a market capitalization of $35,341.19, a P/E ratio of 24.50, a P/E/G ratio of 1.76 and a beta of 0.64. The company has a quick ratio of 0.37, a current ratio of 0.44 and a debt-to-equity ratio of 1.00. Kinder Morgan has a one year low of $14.69 and a one year high of $21.25.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 18th. The pipeline company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.56 billion. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 EPS. equities research analysts expect that Kinder Morgan will post 0.87 earnings per share for the current year.
In other news, Director William A. Smith purchased 5,500 shares of the stock in a transaction dated Monday, January 22nd. The shares were purchased at an average price of $19.52 per share, with a total value of $107,360.00. Following the transaction, the director now owns 14,587 shares in the company, valued at approximately $284,738.24. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 14.16% of the company’s stock.
Several hedge funds have recently made changes to their positions in KMI. CoreCommodity Management LLC acquired a new position in shares of Kinder Morgan during the 4th quarter valued at about $113,000. Sit Investment Associates Inc. lifted its position in Kinder Morgan by 237.1% in the fourth quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock valued at $122,000 after buying an additional 4,730 shares during the last quarter. Cerebellum GP LLC acquired a new position in Kinder Morgan in the fourth quarter valued at about $126,000. Goodman Financial Corp acquired a new position in Kinder Morgan in the fourth quarter valued at about $126,000. Finally, Landaas & Co. WI ADV lifted its position in Kinder Morgan by 5,457.0% in the fourth quarter. Landaas & Co. WI ADV now owns 7,502 shares of the pipeline company’s stock valued at $136,000 after buying an additional 7,367 shares during the last quarter. 62.60% of the stock is currently owned by hedge funds and other institutional investors.
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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