Kinder Morgan Inc. (KMI) Receives Average Recommendation of “Hold” from Brokerages
Shares of Kinder Morgan Inc. (NYSE:KMI) have earned a consensus rating of “Hold” from the twenty-two brokerages that are presently covering the stock. Thirteen equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $21.50.
A number of analysts recently weighed in on KMI shares. Vetr lowered shares of Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $19.59 target price on the stock. in a report on Wednesday, June 15th. Zacks Investment Research raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Monday, June 20th. TheStreet raised shares of Kinder Morgan from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Deutsche Bank AG reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 29th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of Kinder Morgan in a report on Tuesday, July 12th.
Large investors have recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Kinder Morgan by 18.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 37,500 shares of the company’s stock valued at $670,000 after buying an additional 5,810 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new stake in Kinder Morgan during the first quarter valued at approximately $3,938,000. Bessemer Group Inc. boosted its stake in Kinder Morgan by 65.8% in the first quarter. Bessemer Group Inc. now owns 46,283 shares of the company’s stock valued at $826,000 after buying an additional 18,360 shares in the last quarter. Huntington Asset Advisors Inc. bought a new stake in Kinder Morgan during the first quarter valued at approximately $111,000. Finally, Investec Asset Management North America Inc. boosted its stake in Kinder Morgan by 8.0% in the first quarter. Investec Asset Management North America Inc. now owns 146,427 shares of the company’s stock valued at $2,615,000 after buying an additional 10,851 shares in the last quarter. 54.61% of the stock is owned by hedge funds and other institutional investors.
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Shares of Kinder Morgan (NYSE:KMI) traded up 0.1161% during midday trading on Thursday, reaching $20.7741. 11,629,938 shares of the company’s stock traded hands. Kinder Morgan has a 12 month low of $11.20 and a 12 month high of $32.79. The firm has a market cap of $46.37 billion, a PE ratio of 741.9321 and a beta of 0.69. The stock has a 50-day moving average price of $21.98 and a 200 day moving average price of $19.59.
Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.45 billion. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. Kinder Morgan’s revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 EPS. Equities research analysts predict that Kinder Morgan will post $0.67 earnings per share for the current year.
About Kinder Morgan
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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