Kinder Morgan, Inc. (NYSE:KMI) has been given a $26.00 price target by equities research analysts at BMO Capital Markets in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the pipeline company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 37.71% from the stock’s previous close.

Several other analysts also recently weighed in on KMI. BidaskClub downgraded shares of Kinder Morgan from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Stifel Nicolaus set a $25.00 price objective on shares of Kinder Morgan and gave the company a “buy” rating in a research note on Thursday, August 17th. Jefferies Group LLC reaffirmed a “hold” rating and set a $20.00 price objective on shares of Kinder Morgan in a research note on Thursday, July 20th. Mizuho started coverage on shares of Kinder Morgan in a research note on Thursday, July 27th. They set a “neutral” rating and a $22.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $23.84.

Shares of Kinder Morgan (KMI) opened at 18.88 on Thursday. Kinder Morgan has a 12-month low of $18.23 and a 12-month high of $23.01. The firm has a market capitalization of $42.16 billion, a P/E ratio of 62.31 and a beta of 0.65. The company has a 50-day moving average price of $19.23 and a 200-day moving average price of $19.70.

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

Kinder Morgan declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, July 19th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the pipeline company to reacquire up to 4.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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In related news, Director William A. Smith purchased 4,903 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average price of $20.24 per share, for a total transaction of $99,236.72. Following the completion of the transaction, the director now directly owns 14,587 shares of the company’s stock, valued at $295,240.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 13.99% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Harbour Investment Management & Counsel LLC increased its position in shares of Kinder Morgan by 0.3% during the second quarter. Private Harbour Investment Management & Counsel LLC now owns 15,050 shares of the pipeline company’s stock valued at $288,000 after buying an additional 50 shares during the period. Guardian Life Insurance Co. of America increased its position in shares of Kinder Morgan by 0.8% during the first quarter. Guardian Life Insurance Co. of America now owns 7,416 shares of the pipeline company’s stock valued at $161,000 after buying an additional 60 shares during the period. North Star Asset Management Inc. increased its position in shares of Kinder Morgan by 0.6% during the second quarter. North Star Asset Management Inc. now owns 10,029 shares of the pipeline company’s stock valued at $192,000 after buying an additional 61 shares during the period. CNH Partners LLC increased its position in shares of Kinder Morgan by 0.4% during the second quarter. CNH Partners LLC now owns 27,467 shares of the pipeline company’s stock valued at $526,000 after buying an additional 100 shares during the period. Finally, San Francisco Sentry Investment Group CA increased its position in shares of Kinder Morgan by 0.8% during the first quarter. San Francisco Sentry Investment Group CA now owns 12,186 shares of the pipeline company’s stock valued at $265,000 after buying an additional 101 shares during the period. Institutional investors own 59.11% of the company’s stock.

Kinder Morgan Company Profile

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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