Kinder Morgan Inc (KMI) Short Interest Update

Kinder Morgan Inc (NYSE:KMI) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 54,717,490 shares, an increase of 6.3% from the November 15th total of 51,456,149 shares. Based on an average daily volume of 14,077,505 shares, the days-to-cover ratio is presently 3.9 days. Currently, 2.9% of the company’s shares are sold short.

A number of equities research analysts recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, November 17th. Royal Bank of Canada restated a “hold” rating and issued a $22.00 target price on shares of Kinder Morgan in a report on Wednesday, November 15th. Stifel Nicolaus lowered their target price on shares of Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, October 24th. Mizuho restated a “hold” rating and issued a $22.00 target price on shares of Kinder Morgan in a report on Friday, October 20th. Finally, SunTrust Banks set a $23.00 target price on shares of Kinder Morgan and gave the company a “buy” rating in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.97.

Shares of Kinder Morgan (NYSE KMI) opened at $17.93 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.42. Kinder Morgan has a 52 week low of $16.68 and a 52 week high of $23.01. The stock has a market cap of $40,040.00, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 1.38 and a beta of 0.62.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.21 billion. During the same period in the previous year, the firm earned ($0.10) earnings per share. Kinder Morgan’s revenue for the quarter was down 1.5% on a year-over-year basis. sell-side analysts predict that Kinder Morgan will post 0.64 EPS for the current year.

In related news, VP Thomas A. Martin bought 3,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average cost of $17.10 per share, for a total transaction of $51,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.99% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Commonwealth Bank of Australia grew its stake in Kinder Morgan by 45.9% during the second quarter. Commonwealth Bank of Australia now owns 19,733,993 shares of the pipeline company’s stock worth $378,101,000 after buying an additional 6,205,165 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Kinder Morgan by 17.2% during the third quarter. Dimensional Fund Advisors LP now owns 13,950,108 shares of the pipeline company’s stock worth $267,575,000 after purchasing an additional 2,048,560 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in shares of Kinder Morgan by 11.0% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 13,908,625 shares of the pipeline company’s stock worth $266,767,000 after purchasing an additional 1,373,610 shares in the last quarter. Atlantic Trust Group LLC lifted its position in shares of Kinder Morgan by 1.3% during the second quarter. Atlantic Trust Group LLC now owns 11,484,627 shares of the pipeline company’s stock worth $220,046,000 after purchasing an additional 146,901 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Kinder Morgan by 6.0% during the third quarter. Legal & General Group Plc now owns 11,314,018 shares of the pipeline company’s stock worth $217,014,000 after purchasing an additional 636,683 shares in the last quarter. Institutional investors own 60.88% of the company’s stock.

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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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