Stifel Nicolaus Analysts Give Kinder Morgan, Inc. (KMI) a $25.00 Price Target
Kinder Morgan, Inc. (NYSE:KMI) has been assigned a $25.00 price objective by equities researchers at Stifel Nicolaus in a research note issued on Thursday. The brokerage currently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 34.77% from the company’s previous close.
KMI has been the topic of a number of other reports. Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Raymond James Financial, Inc. reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Wednesday, May 31st. Jefferies Group LLC reaffirmed a “hold” rating and set a $23.00 target price on shares of Kinder Morgan in a report on Friday, June 23rd. TD Securities set a $26.00 target price on Kinder Morgan and gave the stock a “buy” rating in a report on Tuesday, June 20th. Finally, Sanford C. Bernstein began coverage on Kinder Morgan in a report on Tuesday, May 16th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Kinder Morgan presently has an average rating of “Buy” and an average price target of $23.91.
Kinder Morgan (NYSE:KMI) traded up 0.82% during midday trading on Thursday, hitting $18.55. 11,592,069 shares of the company traded hands. Kinder Morgan has a 12-month low of $18.23 and a 12-month high of $23.36. The stock has a market cap of $41.43 billion, a P/E ratio of 61.22 and a beta of 0.64. The stock has a 50 day moving average of $19.67 and a 200 day moving average of $20.42.
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. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.12 billion. Kinder Morgan had a return on equity of 4.41% and a net margin of 6.20%. Kinder Morgan’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 earnings per share. Equities research analysts predict that Kinder Morgan will post $0.64 EPS for the current fiscal year.
Kinder Morgan announced that its Board of Directors has approved a share buyback program on Wednesday, July 19th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the pipeline company to purchase up to 4.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
In other Kinder Morgan news, VP Dax Sanders acquired 2,600 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was purchased at an average cost of $18.60 per share, for a total transaction of $48,360.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William A. Smith acquired 4,903 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were acquired at an average price of $20.24 per share, with a total value of $99,236.72. Following the completion of the transaction, the director now directly owns 14,587 shares in the company, valued at approximately $295,240.88. The disclosure for this purchase can be found here. Insiders have acquired a total of 507,503 shares of company stock valued at $9,437,597 over the last 90 days. Corporate insiders own 13.99% of the company’s stock.
Large investors have recently made changes to their positions in the company. Narwhal Capital Management raised its stake 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 worth $1,350,000 after buying an additional 19,180 shares during the last quarter. Karpas Strategies LLC raised its stake 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 worth $2,190,000 after buying an additional 550 shares during the last quarter. Everett Harris & Co. CA raised its stake 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 worth $2,768,000 after buying an additional 14,502 shares during the last quarter. NBW Capital LLC raised its stake in shares of Kinder Morgan by 3.2% in the first quarter. NBW Capital LLC now owns 424,079 shares of the pipeline company’s stock worth $9,219,000 after buying an additional 13,284 shares during the last quarter. Finally, Brookfield Asset Management Inc. raised its stake in shares of Kinder Morgan by 10.4% in the first quarter. Brookfield Asset Management Inc. now owns 10,396,470 shares of the pipeline company’s stock worth $226,019,000 after buying an additional 976,320 shares during the last quarter. Hedge funds and other institutional investors own 57.40% 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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