Stock Traders Purchase High Volume of Call Options on Kinder Morgan (KMI)
Kinder Morgan (NYSE:KMI) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 24,942 call options on the company, AnalystRatings.Net reports. This represents an increase of approximately 552% compared to the average volume of 3,826 call options.
KMI has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Kinder Morgan from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, January 23rd. They now have a $38.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 16th. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Kinder Morgan in a research note to investors on Thursday, January 16th. They now have a $41.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $39.00.
Kinder Morgan (NYSE:KMI) traded up 1.02% during mid-day trading on Tuesday, hitting $33.66. 7,952,544 shares of the company’s stock traded hands. Kinder Morgan has a 52-week low of $32.30 and a 52-week high of $41.49. The stock’s 50-day moving average is $35.32 and its 200-day moving average is $35.85. The company has a market cap of $34.838 billion and a price-to-earnings ratio of 29.08.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.02. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. On average, analysts predict that Kinder Morgan will post $1.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, February 18th. Shareholders of record on Friday, January 31st will be paid a dividend of 0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Wednesday, January 29th.
Kinder Morgan, Inc (NYSE:KMI) owns and manages a diversified portfolio of energy transportation and storage assets.
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