A number of other analysts have also recently weighed in on the company. Stifel Nicolaus lowered their price objective on Kinder Morgan from $22.00 to $21.00 and set a buy rating for the company in a research report on Monday, April 30th. Jefferies Financial Group lowered their price objective on Kinder Morgan from $20.00 to $16.00 and set a hold rating for the company in a research report on Monday, April 16th. Bank of America raised Kinder Morgan from a neutral rating to a buy rating and raised their price objective for the stock from $15.61 to $20.00 in a research report on Wednesday, March 21st. Sanford C. Bernstein raised Kinder Morgan from a market perform rating to an outperform rating in a research report on Tuesday. Finally, Barclays lowered their price objective on Kinder Morgan from $23.00 to $20.00 and set an overweight rating for the company in a research report on Tuesday, April 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $20.82.
Kinder Morgan traded up $0.19, hitting $17.67, during midday trading on Friday, according to Marketbeat Ratings. 9,772,650 shares of the company traded hands, compared to its average volume of 13,979,533. The company has a current ratio of 0.48, a quick ratio of 0.40 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $38.56 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 1.92 and a beta of 0.64. Kinder Morgan has a 52 week low of $14.69 and a 52 week high of $21.25.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 18th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.56 billion. Kinder Morgan had a return on equity of 4.57% and a net margin of 1.95%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 EPS. equities analysts predict that Kinder Morgan will post 0.87 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. CoreCommodity Management LLC acquired a new stake in Kinder Morgan during the 4th quarter worth about $113,000. Ostrum Asset Management acquired a new stake in Kinder Morgan during the 1st quarter worth about $121,000. We Are One Seven LLC acquired a new stake in Kinder Morgan during the 4th quarter worth about $156,000. Mount Yale Investment Advisors LLC acquired a new stake in Kinder Morgan during the 1st quarter worth about $144,000. Finally, Colonial Trust Advisors acquired a new stake in Kinder Morgan during the 4th quarter worth about $181,000. 61.50% of the stock is owned by institutional investors.
Kinder Morgan Company Profile
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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