Shares of Kinder Morgan Inc (NYSE:KMI) have earned a consensus rating of “Hold” from the twenty-three ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $22.30.
Several analysts have recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Kinder Morgan from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. JPMorgan Chase & Co. lowered their price objective on shares of Kinder Morgan from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Monday, February 12th. Wells Fargo & Co reiterated a “market perform” rating on shares of Kinder Morgan in a research note on Thursday, January 11th. Credit Suisse Group set a $22.00 price target on shares of Kinder Morgan and gave the company a “buy” rating in a research report on Monday, February 12th. Finally, Zacks Investment Research downgraded shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Monday, January 8th.
Kinder Morgan (KMI) remained flat at $$17.06 during trading on Friday. The company had a trading volume of 4,352,634 shares, compared to its average volume of 16,980,447. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.37 and a current ratio of 0.44. Kinder Morgan has a 1 year low of $16.56 and a 1 year high of $22.10. The stock has a market cap of $37,610.00, a P/E ratio of 1,708.00, a price-to-earnings-growth ratio of 1.16 and a beta of 0.56.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.52 billion. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 EPS. analysts predict that Kinder Morgan will post 0.82 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Tuesday, January 30th. Kinder Morgan’s dividend payout ratio is 5,000.00%.
In other news, VP Thomas A. Martin acquired 3,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were purchased at an average cost of $17.10 per share, with a total value of $51,300.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William A. Smith acquired 5,500 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were purchased at an average cost of $19.52 per share, for a total transaction of $107,360.00. Following the completion of the acquisition, the director now directly owns 14,587 shares in the company, valued at $284,738.24. The disclosure for this purchase can be found here. 13.99% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of KMI. Welch Investments LLC bought a new position in shares of Kinder Morgan in the third quarter worth approximately $102,000. Valeo Financial Advisors LLC purchased a new stake in Kinder Morgan in the third quarter worth approximately $104,000. CoreCommodity Management LLC purchased a new stake in Kinder Morgan in the fourth quarter worth approximately $113,000. Sit Investment Associates Inc. boosted its stake in Kinder Morgan by 237.1% in the fourth quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock worth $122,000 after buying an additional 4,730 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new stake in Kinder Morgan in the fourth quarter worth approximately $126,000. 61.30% 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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