Kinder Morgan Inc. (KMI) Short Interest Down 10.4% in September
Kinder Morgan Inc. (NYSE:KMI) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 30,512,423 shares, a decrease of 10.4% from the September 15th total of 34,037,996 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average daily trading volume, of 16,815,676 shares, the short-interest ratio is presently 1.8 days.
Shares of Kinder Morgan (NYSE:KMI) opened at 20.19 on Tuesday. The firm has a market cap of $45.07 billion, a PE ratio of 721.07 and a beta of 0.69. The stock’s 50 day moving average is $21.87 and its 200-day moving average is $19.66. Kinder Morgan has a 1-year low of $11.20 and a 1-year high of $32.20.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. The firm earned $3.14 billion during 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%. The company’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter last year, the business earned $0.16 earnings per share. Analysts expect that Kinder Morgan will post $0.67 earnings per share for the current year.
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A number of institutional investors have recently modified their holdings of the company. Stockman Asset Management raised its position in shares of Kinder Morgan by 0.5% in the first quarter. Stockman Asset Management now owns 14,525 shares of the company’s stock worth $259,000 after buying an additional 76 shares in the last quarter. Fairfield Bush & CO. raised its position in shares of Kinder Morgan by 0.3% in the second quarter. Fairfield Bush & CO. now owns 31,950 shares of the company’s stock worth $598,000 after buying an additional 80 shares in the last quarter. Ngam Advisors L.P. raised its position in shares of Kinder Morgan by 0.7% in the second quarter. Ngam Advisors L.P. now owns 27,744 shares of the company’s stock worth $519,000 after buying an additional 184 shares in the last quarter. CapWealth Advisors LLC raised its position in shares of Kinder Morgan by 1.5% in the second quarter. CapWealth Advisors LLC now owns 16,134 shares of the company’s stock worth $302,000 after buying an additional 243 shares in the last quarter. Finally, Ronna Sue Cohen raised its position in shares of Kinder Morgan by 0.5% in the third quarter. Ronna Sue Cohen now owns 52,817 shares of the company’s stock worth $1,222,000 after buying an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 54.58% of the company’s stock.
Several equities research analysts have weighed in on KMI shares. Zacks Investment Research upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Monday, June 20th. Vetr lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $18.82 target price on the stock. in a report on Tuesday, June 21st. TheStreet upgraded shares of Kinder Morgan from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Deutsche Bank AG reiterated a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 29th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Kinder Morgan in a report on Tuesday, July 12th. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Kinder Morgan has a consensus rating of “Hold” and an average price target of $21.35.
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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