Kinder Morgan, Inc. (NYSE:KMI) has been assigned a consensus recommendation of “Buy” from the nineteen ratings firms that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $23.23.
A number of research firms have commented on KMI. Vetr raised shares of Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $23.88 target price for the company in a report on Monday, March 20th. Raymond James Financial, Inc. reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Wednesday, May 31st. Sanford C. Bernstein began coverage on shares of Kinder Morgan in a report on Tuesday, May 16th. They set a “market perform” rating for the company. US Capital Advisors raised shares of Kinder Morgan from a “hold” rating to an “overweight” rating in a report on Wednesday, March 15th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $25.00 target price on shares of Kinder Morgan in a report on Friday, March 17th.
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Kinder Morgan (NYSE:KMI) traded up 2.02% during midday trading on Monday, reaching $19.19. The company’s stock had a trading volume of 16,112,529 shares. The stock has a market capitalization of $42.84 billion, a price-to-earnings ratio of 63.54 and a beta of 0.59. The firm has a 50-day moving average price of $19.49 and a 200 day moving average price of $21.06. Kinder Morgan has a 52-week low of $17.16 and a 52-week high of $23.36.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 19th. The pipeline company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.01. Kinder Morgan had a net margin of 6.27% and a return on equity of 4.62%. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period in the prior year, the business earned $0.12 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts predict that Kinder Morgan will post $0.67 EPS for the current fiscal year.
In other news, VP Dax Sanders acquired 2,600 shares of the stock in a transaction dated Tuesday, May 30th. The shares were bought at an average cost of $18.60 per share, for a total transaction of $48,360.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Richard D. Kinder acquired 500,000 shares of the stock in a transaction dated Tuesday, May 30th. The shares were purchased at an average price of $18.58 per share, for a total transaction of $9,290,000.00. Following the completion of the purchase, the insider now directly owns 234,712,353 shares in the company, valued at $4,360,955,518.74. The disclosure for this purchase can be found here. Insiders own 13.99% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Narwhal Capital Management raised its position in Kinder Morgan by 44.7% in the first quarter. Narwhal Capital Management now owns 62,110 shares of the pipeline company’s stock valued at $1,350,000 after buying an additional 19,180 shares in the last quarter. Karpas Strategies LLC raised its position in Kinder Morgan by 0.5% in the first quarter. Karpas Strategies LLC now owns 100,715 shares of the pipeline company’s stock valued at $2,190,000 after buying an additional 550 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Kinder Morgan during the fourth quarter valued at $305,000. Everett Harris & Co. CA raised its position in Kinder Morgan by 12.9% in the first quarter. Everett Harris & Co. CA now owns 127,345 shares of the pipeline company’s stock valued at $2,768,000 after buying an additional 14,502 shares in the last quarter. Finally, Amtrust Financial Services Inc. purchased a new position in Kinder Morgan during the fourth quarter valued at $1,554,000. Institutional investors own 58.05% of the company’s stock.
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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