Investors Purchase High Volume of Call Options on Kinder Morgan (KMI)
Kinder Morgan (NYSE:KMI) saw unusually large options trading on Monday. Stock investors purchased 56,556 call options on the company, Analyst Ratings Net reports. This represents an increase of approximately 495% compared to the average volume of 9,499 call options.
KMI has been the subject of a number of recent research reports. Analysts at Goldman Sachs raised their price target on shares of Kinder Morgan to $50.00 in a research note on Monday. Separately, analysts at Bank of America upgraded shares of Kinder Morgan from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $47.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Kinder Morgan in a research note on Thursday. They now have a $36.00 price target on the stock, up previously from $34.00. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Kinder Morgan currently has an average rating of “Buy” and a consensus target price of $40.67.
Shares of Kinder Morgan (NYSE:KMI) traded up 9.00% on Monday, hitting $39.37. The stock had a trading volume of 139,945,392 shares. Kinder Morgan has a 52-week low of $30.81 and a 52-week high of $38.30. The stock has a 50-day moving average of $36.36 and a 200-day moving average of $34.01. The company has a market cap of $40.481 billion and a price-to-earnings ratio of 31.49.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.27 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.02. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the company posted $0.27 earnings per share. Kinder Morgan’s revenue was up 16.4% compared to the same quarter last year. Analysts expect that Kinder Morgan will post $1.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend is Tuesday, July 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.42.
Kinder Morgan, Inc (NYSE:KMI) owns and manages a diversified portfolio of energy transportation and storage assets.
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