Kinder Morgan, Inc. (NYSE:KMI) had its target price decreased by Morgan Stanley from $25.00 to $24.00 in a report released on Friday morning. Morgan Stanley currently has an overweight rating on the pipeline company’s stock.
A number of other brokerages have also commented on KMI. Raymond James Financial, Inc. restated a buy rating on shares of Kinder Morgan in a research report on Saturday, July 22nd. Royal Bank Of Canada restated a hold rating and set a $22.00 price objective on shares of Kinder Morgan in a research report on Wednesday. Zacks Investment Research lowered Kinder Morgan from a hold rating to a sell rating in a research report on Tuesday, October 17th. Mizuho assumed coverage on Kinder Morgan in a research report on Thursday, July 27th. They set a neutral rating and a $22.00 price objective for the company. Finally, Jefferies Group LLC reiterated a hold rating and set a $20.00 price target on shares of Kinder Morgan in a report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $22.97.
Shares of Kinder Morgan (KMI) traded up $0.18 during midday trading on Friday, reaching $17.01. The company’s stock had a trading volume of 12,218,465 shares, compared to its average volume of 11,379,570. Kinder Morgan has a 12-month low of $16.70 and a 12-month high of $23.01. The firm has a market cap of $37,590.00, a price-to-earnings ratio of 26.82, a PEG ratio of 1.35 and a beta of 0.65. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.42 and a quick ratio of 0.35.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 18th. The pipeline company reported $0.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.15. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.21 billion. During the same period last year, the company posted ($0.10) EPS. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. equities research analysts forecast that Kinder Morgan will post 0.64 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Monday, October 30th. Kinder Morgan’s payout ratio is 89.29%.
Hedge funds have recently modified their holdings of the stock. Heritage Trust Co raised its stake in shares of Kinder Morgan by 457.7% in the 2nd quarter. Heritage Trust Co now owns 5,242 shares of the pipeline company’s stock valued at $101,000 after acquiring an additional 4,302 shares in the last quarter. Welch Investments LLC bought a new position in shares of Kinder Morgan in the 3rd quarter valued at approximately $102,000. Valeo Financial Advisors LLC bought a new position in shares of Kinder Morgan in the 3rd quarter valued at approximately $104,000. Fiduciary Trust Co. bought a new position in shares of Kinder Morgan in the 2nd quarter valued at approximately $115,000. Finally, Parallel Advisors LLC raised its stake in shares of Kinder Morgan by 14.0% in the 2nd quarter. Parallel Advisors LLC now owns 6,673 shares of the pipeline company’s stock valued at $136,000 after acquiring an additional 819 shares in the last quarter. 59.03% of the stock is currently owned by institutional investors and hedge funds.
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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