Kinder Morgan (NYSE:KMI) was upgraded by research analysts at Sanford C. Bernstein to an “outperform” rating in a research report issued on Tuesday, The Fly reports.
Other research analysts have also recently issued reports about the company. Barclays decreased their target price on Kinder Morgan from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, April 17th. Bank of America reissued a “buy” rating and issued a $16.17 target price (down from $20.00) on shares of Kinder Morgan in a research note on Thursday, April 19th. Stifel Nicolaus decreased their target price on Kinder Morgan from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Monday, April 30th. Wells Fargo & Co raised Kinder Morgan from a “market perform” rating to a “buy” rating in a research note on Wednesday, June 20th. Finally, Deutsche Bank began coverage on Kinder Morgan in a research note on Thursday, April 19th. They issued a “buy” rating and a $21.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. Kinder Morgan presently has an average rating of “Buy” and an average target price of $20.82.
Shares of Kinder Morgan opened at $17.17 on Tuesday, Marketbeat Ratings reports. The company has a quick ratio of 0.40, a current ratio of 0.48 and a debt-to-equity ratio of 1.01. Kinder Morgan has a 12 month low of $14.69 and a 12 month high of $21.25. The firm has a market cap of $38.36 billion, a P/E ratio of 26.02, a P/E/G ratio of 1.91 and a beta of 0.64.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data 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 business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same period in the previous year, the firm earned $0.17 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. equities research analysts anticipate that Kinder Morgan will post 0.87 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. bought a new stake in Kinder Morgan during the first quarter worth about $38,882,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Kinder Morgan by 1.9% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,122,716 shares of the pipeline company’s stock worth $20,287,000 after acquiring an additional 21,214 shares in the last quarter. Mackay Shields LLC bought a new stake in Kinder Morgan during the first quarter worth about $6,351,000. Brandywine Global Investment Management LLC raised its holdings in Kinder Morgan by 10.5% during the fourth quarter. Brandywine Global Investment Management LLC now owns 4,455,106 shares of the pipeline company’s stock worth $80,504,000 after acquiring an additional 423,949 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Kinder Morgan by 63.4% during the fourth quarter. Millennium Management LLC now owns 4,439,169 shares of the pipeline company’s stock worth $80,216,000 after acquiring an additional 1,723,021 shares in the last quarter. Institutional investors own 61.50% of the company’s stock.
Kinder Morgan Company Profile
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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