Kinder Morgan Target of Unusually High Options Trading (KMI)
Kinder Morgan, Inc. (NYSE:KMI) was the target of some unusual options trading activity on Wednesday. Traders acquired 465 call options on the stock. This represents an increase of approximately 122% compared to the average volume of 209 call options.
A number of brokerages have commented on KMI. Stifel Nicolaus cut their price objective on shares of Kinder Morgan from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, October 24th. Zacks Investment Research lowered shares of Kinder Morgan from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Mizuho reiterated a “hold” rating and issued a $22.00 price objective on shares of Kinder Morgan in a report on Friday, October 20th. SunTrust Banks, Inc. set a $23.00 price objective on shares of Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Kinder Morgan from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $18.81 to $22.00 in a report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $23.03.
Shares of Kinder Morgan (NYSE KMI) opened at $17.74 on Friday. The stock has a market capitalization of $39.75 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 1.38 and a beta of 0.65. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.96.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.21 billion. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.10) earnings per share. sell-side analysts anticipate that Kinder Morgan will post 0.64 earnings per share for the current year.
Kinder Morgan declared that its board has authorized a share repurchase plan on Wednesday, July 19th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the pipeline company to reacquire up to 4.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Monday, October 30th. Kinder Morgan’s dividend payout ratio is 89.29%.
A number of hedge funds have recently bought and sold shares of the business. Private Harbour Investment Management & Counsel LLC lifted its holdings in Kinder Morgan by 0.3% in 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 acquiring an additional 50 shares during the period. Guardian Life Insurance Co. of America lifted its holdings in Kinder Morgan by 0.8% in 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 acquiring an additional 60 shares during the period. North Star Asset Management Inc. lifted its holdings in Kinder Morgan by 0.6% in the second quarter. North Star Asset Management Inc. now owns 10,029 shares of the pipeline company’s stock valued at $192,000 after acquiring an additional 61 shares during the period. CNH Partners LLC lifted its holdings in Kinder Morgan by 0.4% in the second quarter. CNH Partners LLC now owns 27,467 shares of the pipeline company’s stock valued at $526,000 after acquiring an additional 100 shares during the period. Finally, Merriman Wealth Management LLC lifted its holdings in Kinder Morgan by 0.4% in the second quarter. Merriman Wealth Management LLC now owns 59,481 shares of the pipeline company’s stock valued at $1,140,000 after acquiring an additional 239 shares during the period. 59.09% of the stock is currently owned by institutional investors.
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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.
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