Credit Suisse Group Begins Coverage on Kinder Morgan (KMI)
Investment analysts at Credit Suisse Group initiated coverage on shares of Kinder Morgan (NYSE:KMI) in a note issued to investors on Thursday, The Fly reports. The brokerage set an “outperform” rating on the pipeline company’s stock.
Other equities research analysts have also issued research reports about the stock. SunTrust Banks set a $23.00 price objective on shares of Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, October 19th. BMO Capital Markets set a $26.00 price objective on shares of Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, October 12th. Stifel Nicolaus dropped their price objective on shares of Kinder Morgan from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, October 24th. Mizuho reiterated a “hold” rating and set a $22.00 price objective on shares of Kinder Morgan in a research note on Friday, October 20th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $22.00 price objective on shares of Kinder Morgan in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. Kinder Morgan has a consensus rating of “Hold” and an average target price of $22.97.
Shares of Kinder Morgan (KMI) traded up $0.05 during trading on Thursday, hitting $19.01. 12,707,400 shares of the stock were exchanged, compared to its average volume of 14,250,000. The firm has a market cap of $42,450.00, a price-to-earnings ratio of 33.95, a PEG ratio of 1.34 and a beta of 0.62. 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 has a 1-year low of $16.68 and a 1-year high of $23.01.
Kinder Morgan (NYSE:KMI) last issued its 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 business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.21 billion. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.10) EPS. equities analysts expect that Kinder Morgan will post 0.64 EPS for the current year.
In related news, VP Thomas A. Martin acquired 3,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was acquired at an average cost of $17.10 per share, for a total transaction of $51,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 13.99% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Welch Investments LLC bought a new position in shares of Kinder Morgan in the third quarter valued at approximately $102,000. Valeo Financial Advisors LLC bought a new position in shares of Kinder Morgan in the third quarter valued at approximately $104,000. Fiduciary Trust Co. bought a new position in shares of Kinder Morgan in the second quarter valued at approximately $115,000. Acrospire Investment Management LLC lifted its stake in Kinder Morgan by 30.7% during the second quarter. Acrospire Investment Management LLC now owns 6,814 shares of the pipeline company’s stock valued at $131,000 after purchasing an additional 1,600 shares during the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co lifted its stake in Kinder Morgan by 23.5% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 8,400 shares of the pipeline company’s stock valued at $161,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 60.73% 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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