Kinder Morgan, Inc. (NYSE:KMI)‘s stock had its “buy” rating reissued by equities researchers at Raymond James Financial, Inc. in a research note issued to investors on Saturday.

A number of other research firms have also recently issued reports on KMI. Zacks Investment Research upgraded shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Wolfe Research cut shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $26.00 to $21.00 in a research note on Tuesday, May 30th. Morgan Stanley reiterated an “overweight” rating and issued a $25.00 target price on shares of Kinder Morgan in a research note on Monday, July 3rd. Wells Fargo & Company reiterated an “outperform” rating and issued a $25.00 target price (down from $26.50) on shares of Kinder Morgan in a research note on Monday, May 15th. Finally, Vetr cut shares of Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $22.49 price objective for the company. in a research note on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $24.03.

Kinder Morgan (NYSE:KMI) traded up 0.63% during midday trading on Friday, reaching $20.69. 17,070,830 shares of the company were exchanged. Kinder Morgan has a one year low of $18.31 and a one year high of $23.36. The firm’s 50-day moving average is $19.11 and its 200-day moving average is $20.73. The firm has a market cap of $46.14 billion, a P/E ratio of 68.06 and a beta of 0.63.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 19th. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.01. The business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.12 billion. Kinder Morgan had a net margin of 6.20% and a return on equity of 4.41%. Kinder Morgan’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. On average, equities analysts expect that Kinder Morgan will post $0.66 EPS for the current fiscal year.

Kinder Morgan announced that its board has authorized a stock buyback program on Wednesday, July 19th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the pipeline company to buy up to 4.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

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In other news, VP Dax Sanders bought 2,600 shares of the stock in a transaction dated Tuesday, May 30th. The shares were acquired at an average price of $18.60 per share, with a total value of $48,360.00. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Richard D. Kinder bought 500,000 shares of the stock in a transaction dated Tuesday, May 30th. The stock was purchased at an average cost of $18.58 per share, for a total transaction of $9,290,000.00. Following the acquisition, the insider now owns 234,712,353 shares in the company, valued at approximately $4,360,955,518.74. The disclosure for this purchase can be found here. 13.99% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of KMI. GSA Capital Partners LLP purchased a new stake in Kinder Morgan during the fourth quarter valued at $305,000. Quadrature Capital Ltd purchased a new stake in Kinder Morgan during the fourth quarter valued at $3,685,000. Ibex Wealth Advisors raised its stake in Kinder Morgan by 10.1% in the fourth quarter. Ibex Wealth Advisors now owns 21,168 shares of the pipeline company’s stock valued at $476,000 after buying an additional 1,937 shares during the last quarter. Orbis Allan Gray Ltd raised its stake in Kinder Morgan by 10.1% in the fourth quarter. Orbis Allan Gray Ltd now owns 1,332,985 shares of the pipeline company’s stock valued at $27,606,000 after buying an additional 122,195 shares during the last quarter. Finally, HighPoint Advisor Group LLC raised its stake in Kinder Morgan by 34.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 61,146 shares of the pipeline company’s stock valued at $1,331,000 after buying an additional 15,747 shares during the last quarter. 57.53% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Kinder Morgan (NYSE:KMI)

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