Kinder Morgan (NYSE:KMI) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday.
A number of other research analysts have also commented on the company. Citigroup upgraded Kinder Morgan from a “neutral” rating to a “buy” rating in a report on Tuesday, March 27th. Wells Fargo & Co upgraded Kinder Morgan from a “market perform” rating to a “buy” rating in a report on Wednesday. Raymond James upgraded Kinder Morgan from a “market perform” rating to an “outperform” rating in a report on Monday, June 18th. UBS Group restated a “buy” rating and set a $26.00 price objective (down from $28.00) on shares of Kinder Morgan in a research report on Friday, March 2nd. Finally, Bank of America upgraded Kinder Morgan from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $15.61 to $20.00 in a research report on Wednesday, March 21st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the stock. Kinder Morgan has a consensus rating of “Buy” and an average price target of $20.82.
Shares of Kinder Morgan opened at $17.39 on Thursday, Marketbeat.com reports. 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 $37.86 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 1.89 and a beta of 0.64. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.48 and a quick ratio of 0.40.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 18th. The pipeline company reported $0.22 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 during the quarter, compared to analyst estimates of $3.56 billion. During the same period in the previous year, the company earned $0.17 earnings per share. The company’s quarterly revenue was down .2% compared to the same quarter last year. equities analysts anticipate that Kinder Morgan will post 0.87 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd grew its position in Kinder Morgan by 191.6% in the first quarter. Dynamic Technology Lab Private Ltd now owns 138,281 shares of the pipeline company’s stock valued at $2,083,000 after acquiring an additional 90,863 shares during the period. Wealth Alliance Advisory Group LLC grew its position in Kinder Morgan by 41.0% in the first quarter. Wealth Alliance Advisory Group LLC now owns 18,661 shares of the pipeline company’s stock valued at $281,000 after acquiring an additional 5,427 shares during the period. Quad Cities Investment Group LLC bought a new stake in Kinder Morgan in the first quarter valued at $272,000. Summit Trail Advisors LLC grew its position in Kinder Morgan by 1,191.5% in the first quarter. Summit Trail Advisors LLC now owns 886,186 shares of the pipeline company’s stock valued at $886,000 after acquiring an additional 817,570 shares during the period. Finally, Rational Advisors LLC bought a new stake in shares of Kinder Morgan during the first quarter worth $720,000. Hedge funds and other institutional investors own 61.49% of the company’s stock.
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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