Stock analysts at Macquarie started coverage on shares of Kinder Morgan Inc (NYSE:KMI) in a report released on Friday, The Fly reports. The firm set a “neutral” rating on the pipeline company’s stock.
A number of other equities research analysts have also recently weighed in on KMI. Vetr cut Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $23.64 price target for the company. in a report on Tuesday, December 27th. Royal Bank of Canada reaffirmed a “hold” rating and set a $25.00 price target on shares of Kinder Morgan in a report on Friday, January 6th. Zacks Investment Research raised Kinder Morgan from a “sell” rating to a “hold” rating in a report on Monday, January 16th. Finally, US Capital Advisors raised Kinder Morgan from a “hold” rating to an “overweight” rating in a report on Wednesday, March 15th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $23.69.
Shares of Kinder Morgan (NYSE:KMI) opened at 20.72 on Friday. The stock has a 50 day moving average price of $21.41 and a 200-day moving average price of $21.49. Kinder Morgan has a one year low of $16.63 and a one year high of $23.36. The company has a market capitalization of $46.26 billion, a P/E ratio of 84.23 and a beta of 0.73. Kinder Morgan also was the recipient of some unusual options trading on Tuesday. Stock traders acquired 795 call options on the company. This is an increase of 118% compared to the average daily volume of 364 call options.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 19th. The pipeline company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.01. Kinder Morgan had a net margin of 5.12% and a return on equity of 4.20%. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period in the prior year, the business earned $0.12 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts predict that Kinder Morgan will post $0.69 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, April 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.41%. Kinder Morgan’s dividend payout ratio (DPR) is presently 200.00%.
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Several large investors have recently made changes to their positions in KMI. Blenheim Capital Management BV bought a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $102,000. Quadrant Capital Group LLC boosted its stake in shares of Kinder Morgan by 3.4% in the third quarter. Quadrant Capital Group LLC now owns 5,593 shares of the pipeline company’s stock worth $119,000 after buying an additional 182 shares during the period. JFS Wealth Advisors LLC boosted its stake in shares of Kinder Morgan by 535.1% in the third quarter. JFS Wealth Advisors LLC now owns 7,501 shares of the pipeline company’s stock worth $173,000 after buying an additional 6,320 shares during the period. Aveo Capital Partners LLC bought a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $203,000. Finally, CFO4Life L.P. bought a new stake in shares of Kinder Morgan during the third quarter worth approximately $206,000. 55.78% of the stock is owned by institutional investors and hedge funds.
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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