Kinder Morgan (NYSE:KMI)‘s stock had its “hold” rating reissued by equities research analysts at Royal Bank Of Canada in a report released on Wednesday, November 15th. They presently have a $22.00 price objective on the pipeline company’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 27.54% from the stock’s previous close.
KMI has been the subject of a number of other reports. Stifel Nicolaus lowered their price objective on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. Goldman Sachs Group lowered 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 report on Tuesday, October 17th. Zacks Investment Research upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. SunTrust Banks set a $23.00 target price on Kinder Morgan and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, Citigroup reduced their target price on Kinder Morgan from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.97.
Kinder Morgan (KMI) traded down $0.16 during trading on Wednesday, reaching $17.25. The company had a trading volume of 16,107,437 shares, compared to its average volume of 11,510,631. The firm has a market cap of $38,520.00, a price-to-earnings ratio of 26.78, a PEG ratio of 1.35 and a beta of 0.62. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.96. Kinder Morgan has a 12-month low of $16.68 and a 12-month high of $23.01.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.21 billion. During the same period in the previous year, the business earned ($0.10) EPS. Kinder Morgan’s revenue for the quarter was down 1.5% compared to the same quarter last year. sell-side analysts anticipate that Kinder Morgan will post 0.64 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KMI. AXA lifted its holdings in Kinder Morgan by 9.9% during the third quarter. AXA now owns 360,512 shares of the pipeline company’s stock worth $6,915,000 after acquiring an additional 32,379 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Kinder Morgan by 69.7% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 751,181 shares of the pipeline company’s stock valued at $14,408,000 after purchasing an additional 308,478 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Kinder Morgan by 0.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,336,109 shares of the pipeline company’s stock valued at $25,627,000 after purchasing an additional 6,249 shares during the period. Wealthsource Partners LLC raised its stake in shares of Kinder Morgan by 45.0% in the 3rd quarter. Wealthsource Partners LLC now owns 14,542 shares of the pipeline company’s stock valued at $279,000 after purchasing an additional 4,510 shares during the period. Finally, Tortoise Capital Advisors L.L.C. raised its stake in shares of Kinder Morgan by 11.0% in the 3rd 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 purchasing an additional 1,373,610 shares during the period. 60.88% of the stock is owned by institutional investors.
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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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