Kinder Morgan (NYSE:KMI) had its price target dropped by research analysts at JPMorgan Chase & Co. from $22.00 to $21.00 in a note issued to investors on Monday. The firm presently has an “overweight” rating on the pipeline company’s stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 21.81% from the company’s previous close.
Several other equities research analysts have also recently commented on the company. Morgan Stanley dropped their price objective on Kinder Morgan from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Friday. 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. Wells Fargo & Co reaffirmed a “market perform” rating on shares of Kinder Morgan in a research report on Thursday, January 11th. Bank of America began coverage on Kinder Morgan in a research report on Tuesday, January 9th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research cut Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.56.
Shares of Kinder Morgan (KMI) opened at $17.24 on Monday. The company has a current ratio of 0.44, a quick ratio of 0.35 and a debt-to-equity ratio of 1.00. Kinder Morgan has a 12-month low of $16.56 and a 12-month high of $22.70. The company has a market capitalization of $38,032.59, a price-to-earnings ratio of 1,724.00, a P/E/G ratio of 1.17 and a beta of 0.56.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same period last year, the firm posted $0.08 earnings per share. Kinder Morgan’s revenue was up 7.2% compared to the same quarter last year. research analysts predict that Kinder Morgan will post 0.82 EPS for the current fiscal year.
In other news, VP Thomas A. Martin bought 3,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were acquired at an average cost of $17.10 per share, with a total value of $51,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William A. Smith acquired 5,500 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was bought 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 $284,738.24. The disclosure for this purchase can be found here. Company insiders own 13.99% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of Kinder Morgan by 5.2% in the fourth quarter. Bank of New York Mellon Corp now owns 16,214,448 shares of the pipeline company’s stock worth $292,995,000 after buying an additional 800,229 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Kinder Morgan by 17.2% in the third quarter. Dimensional Fund Advisors LP now owns 13,950,108 shares of the pipeline company’s stock worth $267,575,000 after buying an additional 2,048,560 shares during the period. Tortoise Capital Advisors L.L.C. raised its stake 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 worth $266,767,000 after buying an additional 1,373,610 shares during the period. Legal & General Group Plc raised its stake in shares of Kinder Morgan by 6.0% in the third quarter. Legal & General Group Plc now owns 11,314,018 shares of the pipeline company’s stock worth $217,014,000 after buying an additional 636,683 shares during the period. Finally, Brookfield Asset Management Inc. raised its stake in shares of Kinder Morgan by 4.3% in the second quarter. Brookfield Asset Management Inc. now owns 10,843,859 shares of the pipeline company’s stock worth $207,769,000 after buying an additional 447,389 shares during the period. 60.42% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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