Kinder Morgan Inc (KMI) Given Average Rating of “Hold” by Brokerages

Shares of Kinder Morgan Inc (NYSE:KMI) have been assigned a consensus rating of “Hold” from the twenty-one ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $22.54.

A number of brokerages recently commented on KMI. Mizuho reiterated a “hold” rating and set a $22.00 target price on shares of Kinder Morgan in a research note on Friday, October 20th. BMO Capital Markets set a $26.00 target price on shares of Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, October 12th. Wells Fargo & Co reiterated a “market perform” rating on shares of Kinder Morgan in a research note on Thursday, January 11th. Bank of America began coverage on shares of Kinder Morgan in a research note on Tuesday, January 9th. They set a “neutral” rating 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, October 17th.

In other Kinder Morgan news, Director William A. Smith bought 5,500 shares of Kinder Morgan stock in a transaction dated Monday, January 22nd. The stock was acquired at an average cost of $19.52 per share, with a total value of $107,360.00. Following the completion of the acquisition, the director now owns 14,587 shares of the company’s stock, valued at $284,738.24. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas A. Martin bought 3,000 shares of Kinder Morgan stock in a transaction dated Tuesday, December 5th. The stock was acquired at an average cost of $17.10 per share, with a total value of $51,300.00. The disclosure for this purchase can be found here. 13.99% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in KMI. Renaissance Technologies LLC raised its holdings in shares of Kinder Morgan by 133.5% in the second quarter. Renaissance Technologies LLC now owns 8,210,372 shares of the pipeline company’s stock valued at $157,311,000 after buying an additional 4,694,441 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Kinder Morgan by 22.9% in the second quarter. Dimensional Fund Advisors LP now owns 11,901,548 shares of the pipeline company’s stock valued at $228,029,000 after buying an additional 2,217,905 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Kinder Morgan by 307.5% in the third quarter. Mackenzie Financial Corp now owns 2,881,569 shares of the pipeline company’s stock valued at $55,268,000 after buying an additional 2,174,518 shares during the last quarter. Cohen & Steers Inc. raised its holdings in shares of Kinder Morgan by 22.7% in the third quarter. Cohen & Steers Inc. now owns 9,743,540 shares of the pipeline company’s stock valued at $186,881,000 after buying an additional 1,801,348 shares during the last quarter. Finally, Tortoise Capital Advisors L.L.C. raised its holdings in shares of Kinder Morgan by 11.0% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 13,908,625 shares of the pipeline company’s stock valued at $266,767,000 after buying an additional 1,373,610 shares during the last quarter. 60.72% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan (KMI) opened at $19.63 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.35 and a current ratio of 0.44. The company has a market cap of $43,840.00, a price-to-earnings ratio of 1,963.00, a P/E/G ratio of 1.23 and a beta of 0.62. Kinder Morgan has a 12 month low of $16.68 and a 12 month high of $23.01.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 17th. The pipeline company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.52 billion. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 earnings per share. analysts expect that Kinder Morgan will post 0.77 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a $0.125 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $0.50 dividend on an annualized basis and a yield of 2.55%. Kinder Morgan’s dividend payout ratio (DPR) is presently 5,000.00%.

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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.

Analyst Recommendations for Kinder Morgan (NYSE:KMI)

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