Kinder Morgan, Inc. (KMI) Given a $26.00 Price Target at TD Securities
Kinder Morgan, Inc. (NYSE:KMI) received a $26.00 target price from equities researchers at TD Securities in a research report issued on Tuesday. The firm presently has a “buy” rating on the pipeline company’s stock. TD Securities’ price target would suggest a potential upside of 40.46% from the stock’s previous close.
KMI has been the subject of a number of other research reports. Vetr raised shares of Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $23.88 price objective for the company in a research note on Monday, March 20th. Raymond James Financial, Inc. reaffirmed a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, May 31st. Sanford C. Bernstein began coverage on shares of Kinder Morgan in a research note on Tuesday, May 16th. They issued a “market perform” rating for the company. US Capital Advisors raised shares of Kinder Morgan from a “hold” rating to an “overweight” rating in a research note on Wednesday, March 15th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Kinder Morgan in a research note on Friday, March 17th. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $23.70.
Shares of Kinder Morgan (KMI) traded down 0.05% on Tuesday, hitting $18.51. The company’s stock had a trading volume of 13,817,360 shares. The company has a market cap of $41.32 billion, a price-to-earnings ratio of 61.29 and a beta of 0.59. The stock’s 50 day moving average is $19.39 and its 200-day moving average is $21.01. Kinder Morgan has a 52 week low of $17.16 and a 52 week high of $23.36.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 19th. The pipeline company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.01. Kinder Morgan had a return on equity of 4.62% and a net margin of 6.27%. The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period in the prior year, the business posted $0.12 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that Kinder Morgan will post $0.66 earnings per share for the current year.
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In other news, insider Richard D. Kinder bought 500,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were purchased at an average price of $18.58 per share, for a total transaction of $9,290,000.00. Following the acquisition, the insider now directly owns 234,712,353 shares of the company’s stock, valued at approximately $4,360,955,518.74. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Dax Sanders bought 2,600 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average price of $18.60 per share, for a total transaction of $48,360.00. The disclosure for this purchase can be found here. Company insiders own 13.99% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in KMI. Narwhal Capital Management increased its position in shares of Kinder Morgan by 44.7% in the first quarter. Narwhal Capital Management now owns 62,110 shares of the pipeline company’s stock valued at $1,350,000 after buying an additional 19,180 shares during the period. Karpas Strategies LLC increased its position in shares of Kinder Morgan by 0.5% in the first quarter. Karpas Strategies LLC now owns 100,715 shares of the pipeline company’s stock valued at $2,190,000 after buying an additional 550 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $305,000. Everett Harris & Co. CA increased its position in shares of Kinder Morgan by 12.9% in the first quarter. Everett Harris & Co. CA now owns 127,345 shares of the pipeline company’s stock valued at $2,768,000 after buying an additional 14,502 shares during the period. Finally, Amtrust Financial Services Inc. purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $1,554,000. Hedge funds and other institutional investors own 58.05% of the company’s stock.
About Kinder Morgan
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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