Kinder Morgan (NYSE:KMI) was upgraded by Argus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, The Fly reports. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on KMI. Wells Fargo & Co reaffirmed a “market perform” rating on shares of Kinder Morgan in a research report on Thursday, January 11th. Credit Suisse Group initiated coverage on Kinder Morgan in a research report on Thursday, January 4th. They issued an “outperform” rating and a $23.00 price target for the company. Zacks Investment Research cut Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Mizuho reaffirmed a “hold” rating and issued a $22.00 price target on shares of Kinder Morgan in a research report on Friday, October 20th. Finally, Citigroup reduced their price target on Kinder Morgan from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. Kinder Morgan currently has a consensus rating of “Hold” and an average target price of $22.72.
Kinder Morgan (NYSE KMI) opened at $18.77 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.35. Kinder Morgan has a 52 week low of $16.68 and a 52 week high of $23.01. The company has a market capitalization of $41,917.91, a PE ratio of 1,877.00, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 17th. The pipeline company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the previous year, the company posted $0.08 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. equities research analysts forecast that Kinder Morgan will post 0.8 EPS for the current fiscal year.
In other Kinder Morgan news, VP Thomas A. Martin acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was acquired at an average price of $17.10 per share, with a total value of $51,300.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William A. Smith acquired 5,500 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were acquired at an average cost of $19.52 per share, with a total value of $107,360.00. Following the transaction, the director now directly owns 14,587 shares in the company, valued at approximately $284,738.24. The disclosure for this purchase can be found here. 13.99% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Welch Investments LLC bought a new position in Kinder Morgan during the third quarter valued at about $102,000. Valeo Financial Advisors LLC bought a new position in Kinder Morgan during the third quarter valued at about $104,000. Sit Investment Associates Inc. increased its stake in Kinder Morgan by 237.1% during the fourth quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock valued at $122,000 after acquiring an additional 4,730 shares during the period. Cerebellum GP LLC bought a new position in Kinder Morgan during the fourth quarter valued at about $126,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co increased 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 acquiring an additional 1,600 shares during the period. Hedge funds and other institutional investors own 60.88% of the company’s stock.
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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.