Kinder Morgan Inc. (KMI) Lowered to Hold at Stifel Nicolaus
Kinder Morgan Inc. (NYSE:KMI) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday. They currently have a $24.00 price objective on the stock. Stifel Nicolaus’ price target points to a potential upside of 10.70% from the company’s previous close.
KMI has been the subject of several other research reports. Morgan Stanley upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $23.00 to $24.00 in a research note on Thursday, August 18th. Vetr upgraded shares of Kinder Morgan from a “strong sell” rating to a “sell” rating and set a $19.80 target price for the company in a research note on Monday, July 18th. TheStreet upgraded shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Jefferies Group reiterated a “hold” rating and issued a $17.00 target price on shares of Kinder Morgan in a research note on Thursday, July 21st. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Kinder Morgan in a research note on Tuesday, July 12th. Thirteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $21.35.
Shares of Kinder Morgan (NYSE:KMI) traded down 1.86% on Tuesday, reaching $21.68. 15,421,948 shares of the company’s stock were exchanged. Kinder Morgan has a 12 month low of $11.20 and a 12 month high of $32.79. The company has a market cap of $48.40 billion, a price-to-earnings ratio of 774.29 and a beta of 0.69. The firm’s 50-day moving average price is $22.07 and its 200 day moving average price is $19.53.
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Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period last year, the firm earned $0.16 earnings per share. The firm’s revenue was down 9.2% on a year-over-year basis. Equities research analysts predict that Kinder Morgan will post $0.67 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of KMI. Hudock Capital Group LLC raised its stake in Kinder Morgan by 12.0% in the second quarter. Hudock Capital Group LLC now owns 5,394 shares of the company’s stock worth $100,000 after buying an additional 576 shares in the last quarter. Stelac Advisory Services LLC purchased a new stake in Kinder Morgan during the first quarter worth approximately $110,000. Huntington Asset Advisors Inc. purchased a new stake in Kinder Morgan during the first quarter worth approximately $111,000. Hallmark Capital Management Inc. purchased a new stake in Kinder Morgan during the second quarter worth approximately $157,000. Finally, PineBridge Investments L.P. raised its stake in Kinder Morgan by 465.2% in the second quarter. PineBridge Investments L.P. now owns 9,258 shares of the company’s stock worth $173,000 after buying an additional 7,620 shares in the last quarter. Institutional investors own 54.61% of the company’s stock.
Kinder Morgan Company Profile
Kinder Morgan, Inc (KMI) is an energy infrastructure company in North America. The Company segments include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Company’s Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.
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