Kinder Morgan Inc (KMI) Sees Large Growth in Short Interest

Kinder Morgan Inc (NYSE:KMI) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 54,717,490 shares, a growth of 6.3% from the November 15th total of 51,456,149 shares. Currently, 2.9% of the shares of the company are short sold. Based on an average daily volume of 14,077,505 shares, the days-to-cover ratio is currently 3.9 days.

Shares of Kinder Morgan (NYSE KMI) traded up $0.32 on Friday, hitting $19.52. 16,120,000 shares of the stock traded hands, compared to its average volume of 14,720,000. Kinder Morgan has a 52-week low of $16.68 and a 52-week high of $23.01. The stock has a market cap of $43,590.00, a PE ratio of 34.86, a PEG ratio of 1.33 and a beta of 0.62. 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 results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.21 billion. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.10) EPS. equities analysts expect that Kinder Morgan will post 0.64 earnings per share for the current fiscal year.

In related news, VP Thomas A. Martin bought 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were bought at an average price of $17.10 per share, for a total transaction of $51,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.99% of the company’s stock.

A number of institutional investors have recently modified their holdings of KMI. Country Club Trust Company n.a. purchased a new stake in Kinder Morgan during the fourth quarter worth $728,000. Adams Asset Advisors LLC boosted its holdings in Kinder Morgan by 41.3% during the fourth quarter. Adams Asset Advisors LLC now owns 263,184 shares of the pipeline company’s stock worth $4,755,000 after buying an additional 76,951 shares in the last quarter. Acropolis Investment Management LLC boosted its holdings in Kinder Morgan by 15.7% during the fourth quarter. Acropolis Investment Management LLC now owns 33,400 shares of the pipeline company’s stock worth $604,000 after buying an additional 4,540 shares in the last quarter. American National Bank boosted its holdings in Kinder Morgan by 6.2% during the fourth quarter. American National Bank now owns 194,104 shares of the pipeline company’s stock worth $3,507,000 after buying an additional 11,318 shares in the last quarter. Finally, Country Trust Bank boosted its holdings in Kinder Morgan by 3.7% during the fourth quarter. Country Trust Bank now owns 870,849 shares of the pipeline company’s stock worth $15,736,000 after buying an additional 31,339 shares in the last quarter. Institutional investors and hedge funds own 60.73% of the company’s stock.

Several brokerages have recently weighed in on KMI. Zacks Investment Research cut shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Wells Fargo & Co restated a “market perform” rating on shares of Kinder Morgan in a research note on Thursday. Bank of America began coverage on shares of Kinder Morgan in a research note on Tuesday. They set a “neutral” rating on the stock. Credit Suisse Group began coverage on shares of Kinder Morgan in a report on Thursday, January 4th. They issued an “outperform” rating and a $23.00 price target on the stock. Finally, Mizuho reiterated a “hold” rating and issued a $22.00 price target on shares of Kinder Morgan in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. Kinder Morgan currently has an average rating of “Hold” and an average price target of $22.72.

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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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