Kinder Morgan (NYSE:KMI) received a $22.00 price target from stock analysts at Credit Suisse Group in a report issued on Monday. The firm presently has a “buy” rating on the pipeline company’s stock. Credit Suisse Group’s price target indicates a potential upside of 27.17% from the company’s previous close.
Several other equities analysts have also recently issued reports on the company. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Kinder Morgan in a research report on Wednesday, November 15th. Goldman Sachs Group cut Kinder Morgan from a “buy” rating to a “neutral” rating and upped their price objective for the company from $18.81 to $22.00 in a research report on Tuesday, October 17th. Stifel Nicolaus lowered their price objective on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, October 24th. Finally, Bank of America started coverage on Kinder Morgan in a research report on Tuesday, January 9th. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $22.50.
Kinder Morgan (NYSE:KMI) traded up $0.06 during mid-day trading on Monday, reaching $17.30. The company had a trading volume of 16,650,624 shares, compared to its average volume of 18,129,258. The company has a market cap of $38,500.00, a PE ratio of 1,730.00, a PEG ratio of 1.17 and a beta of 0.56. Kinder Morgan has a fifty-two week low of $16.56 and a fifty-two week high of $22.64. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.35.
In related news, Director William A. Smith acquired 5,500 shares of Kinder Morgan stock in a transaction dated Monday, January 22nd. The stock was purchased at an average cost of $19.52 per share, for a total transaction of $107,360.00. Following the purchase, the director now directly owns 14,587 shares of the company’s stock, valued at approximately $284,738.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas A. Martin acquired 3,000 shares of Kinder Morgan stock in a transaction dated Tuesday, December 5th. The stock was bought at an average price 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 currently owned by insiders.
Several large investors have recently bought and sold shares of KMI. Cubist Systematic Strategies LLC increased its stake in shares of Kinder Morgan by 30.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 23,659 shares of the pipeline company’s stock worth $453,000 after purchasing an additional 5,470 shares in the last quarter. Wealthsource Partners LLC purchased a new stake in shares of Kinder Morgan in the 2nd quarter worth $192,000. North Star Asset Management Inc. increased its stake in shares of Kinder Morgan by 0.6% in the 2nd quarter. North Star Asset Management Inc. now owns 10,029 shares of the pipeline company’s stock worth $192,000 after purchasing an additional 61 shares in the last quarter. WINTON GROUP Ltd bought a new position in Kinder Morgan in the 2nd quarter worth $706,000. Finally, Toronto Dominion Bank boosted its holdings in Kinder Morgan by 25.8% in the 2nd quarter. Toronto Dominion Bank now owns 651,484 shares of the pipeline company’s stock worth $12,480,000 after buying an additional 133,636 shares during the period. Hedge funds and other institutional investors own 60.42% 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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