Deutsche Bank assumed coverage on shares of Kinder Morgan (NYSE:KMI) in a research report report published on Thursday morning. The firm issued a buy rating and a $21.00 target price on the pipeline company’s stock.
Other equities research analysts have also recently issued research reports about the company. Barclays dropped their price objective on Kinder Morgan from $23.00 to $20.00 and set an overweight rating on the stock in a research note on Tuesday, April 17th. Bank of America reiterated a buy rating and set a $16.17 price objective (down previously from $20.00) on shares of Kinder Morgan in a research note on Thursday. JPMorgan Chase dropped their price objective on Kinder Morgan from $22.00 to $21.00 and set an overweight rating on the stock in a research note on Monday, February 12th. Wells Fargo reiterated a market perform rating on shares of Kinder Morgan in a research note on Thursday, January 11th. Finally, Jefferies Group dropped their price objective on Kinder Morgan from $20.00 to $16.00 and set a hold rating on the stock in a research note on Monday, April 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $21.60.
Shares of Kinder Morgan stock opened at $16.47 on Thursday. Kinder Morgan has a 12-month low of $14.69 and a 12-month high of $21.25. The company has a market cap of $36,333.92, a PE ratio of 22.88, a P/E/G ratio of 1.81 and a beta of 0.64. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 1.01.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 18th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Kinder Morgan had a return on equity of 4.57% and a net margin of 1.95%. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter in the prior year, the business posted $0.17 EPS. The business’s revenue was down .2% compared to the same quarter last year. equities analysts expect that Kinder Morgan will post 0.87 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.86%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, April 27th. Kinder Morgan’s dividend payout ratio is currently 75.76%.
Hedge funds and other institutional investors have recently modified their holdings of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Kinder Morgan by 1.9% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,122,716 shares of the pipeline company’s stock valued at $20,287,000 after buying an additional 21,214 shares in the last quarter. Mutual Advisors LLC acquired a new position in Kinder Morgan in the 4th quarter valued at $224,000. Brandywine Global Investment Management LLC grew its holdings in Kinder Morgan by 10.5% in the 4th quarter. Brandywine Global Investment Management LLC now owns 4,455,106 shares of the pipeline company’s stock valued at $80,504,000 after buying an additional 423,949 shares in the last quarter. Ferris Capital LLC grew its holdings in shares of Kinder Morgan by 30.7% during the 4th quarter. Ferris Capital LLC now owns 22,583 shares of the pipeline company’s stock worth $408,000 after purchasing an additional 5,299 shares in the last quarter. Finally, American International Group Inc. grew its holdings in shares of Kinder Morgan by 4.7% during the 4th quarter. American International Group Inc. now owns 793,662 shares of the pipeline company’s stock worth $14,341,000 after purchasing an additional 35,553 shares in the last quarter. 62.63% of the stock is currently owned by hedge funds and other institutional investors.
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About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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