Kinder Morgan, Inc. (KMI) Receives “Hold” Rating from Royal Bank Of Canada
Kinder Morgan, Inc. (NYSE:KMI)‘s stock had its “hold” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a research report issued on Wednesday. They presently have a $22.00 price target on the pipeline company’s stock. Royal Bank Of Canada’s target price points to a potential upside of 29.34% from the stock’s previous close.
KMI has been the subject of a number of other reports. Stifel Nicolaus decreased their price target on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th. Mizuho reaffirmed a “hold” rating and set a $22.00 price target on shares of Kinder Morgan in a research report on Friday, October 20th. Zacks Investment Research raised Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. SunTrust Banks, Inc. set a $23.00 price target on Kinder Morgan and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, Goldman Sachs Group, Inc. (The) downgraded Kinder Morgan from a “buy” rating to a “neutral” rating and increased their price target for the company from $18.81 to $22.00 in a research report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.97.
Shares of Kinder Morgan (KMI) traded up $0.18 during trading on Wednesday, hitting $17.01. The stock had a trading volume of 12,218,465 shares, compared to its average volume of 13,291,362. The stock has a market capitalization of $37,987.41, a P/E ratio of 26.17, a PEG ratio of 1.32 and a beta of 0.65. Kinder Morgan has a 12-month low of $16.70 and a 12-month high of $23.01. 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 issued its quarterly earnings results on Wednesday, October 18th. The pipeline company reported $0.15 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.15. The company had revenue of $3.28 billion during 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%. Kinder Morgan’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted ($0.10) earnings per share. equities analysts expect that Kinder Morgan will post 0.64 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Heritage Trust Co raised its position in Kinder Morgan by 457.7% during the second quarter. Heritage Trust Co now owns 5,242 shares of the pipeline company’s stock valued at $101,000 after purchasing an additional 4,302 shares in the last quarter. Welch Investments LLC purchased a new stake in Kinder Morgan during the third quarter valued at about $102,000. Valeo Financial Advisors LLC purchased a new stake in Kinder Morgan during the third quarter valued at about $104,000. Fiduciary Trust Co. purchased a new stake in Kinder Morgan during the second quarter valued at about $115,000. Finally, Parallel Advisors LLC raised its position in Kinder Morgan by 14.0% during the second quarter. Parallel Advisors LLC now owns 6,673 shares of the pipeline company’s stock valued at $136,000 after purchasing an additional 819 shares in the last quarter. 59.79% 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.
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