Kinder Morgan, Inc. (NYSE:KMI) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Wednesday.

A number of other analysts have also recently commented on KMI. BMO Capital Markets reaffirmed a “buy” rating and issued a $26.00 price target on shares of Kinder Morgan in a research note on Friday, July 28th. Mizuho assumed coverage on Kinder Morgan in a research note on Thursday, July 27th. They issued a “neutral” rating and a $22.00 price target for the company. Zacks Investment Research raised Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Raymond James Financial, Inc. reaffirmed a “buy” rating on shares of Kinder Morgan in a research note on Saturday, July 22nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 price target on shares of Kinder Morgan in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $23.91.

Kinder Morgan (NYSE KMI) traded down 0.74% on Wednesday, hitting $18.71. 8,460,375 shares of the stock traded hands. The company’s 50 day moving average price is $19.68 and its 200-day moving average price is $20.44. The stock has a market capitalization of $41.78 billion, a P/E ratio of 61.75 and a beta of 0.64. Kinder Morgan has a 12-month low of $18.31 and a 12-month high of $23.36.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 19th. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. Kinder Morgan had a net margin of 6.20% and a return on equity of 4.41%. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the previous year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts predict that Kinder Morgan will post $0.64 EPS for the current year.

Kinder Morgan announced that its board has approved a stock repurchase plan on Wednesday, July 19th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the pipeline company to reacquire up to 4.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

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In related news, insider Richard D. Kinder acquired 500,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was bought at an average price of $18.58 per share, with a total value 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dax Sanders acquired 2,600 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was bought at an average cost of $18.60 per share, with a total value of $48,360.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 507,503 shares of company stock valued at $9,437,597. 13.99% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in KMI. Vanguard Group Inc. increased its stake in Kinder Morgan by 4.7% in the first quarter. Vanguard Group Inc. now owns 138,904,165 shares of the pipeline company’s stock valued at $3,019,777,000 after buying an additional 6,222,962 shares during the last quarter. Commonwealth Bank of Australia increased its stake in Kinder Morgan by 45.9% in the second quarter. Commonwealth Bank of Australia now owns 19,733,993 shares of the pipeline company’s stock valued at $378,101,000 after buying an additional 6,205,165 shares during the last quarter. Renaissance Technologies LLC increased its stake in Kinder Morgan by 133.5% in the second quarter. Renaissance Technologies LLC now owns 8,210,372 shares of the pipeline company’s stock valued at $157,311,000 after buying an additional 4,694,441 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Kinder Morgan by 56.2% in the first quarter. Dimensional Fund Advisors LP now owns 9,683,643 shares of the pipeline company’s stock valued at $210,507,000 after buying an additional 3,483,039 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in Kinder Morgan by 49.5% in the first quarter. TIAA CREF Investment Management LLC now owns 10,086,045 shares of the pipeline company’s stock valued at $219,271,000 after buying an additional 3,340,309 shares during the last quarter. 57.40% of the stock is owned by institutional investors.

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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