ValuEngine lowered shares of Kinder Morgan (NYSE:KMI) from a hold rating to a sell rating in a research report report published on Thursday morning, ValuEngine reports.
Several other brokerages have also recently commented on KMI. Stifel Nicolaus cut Kinder Morgan from a buy rating to a hold rating and set a $22.00 price target for the company. in a research note on Monday, June 17th. BMO Capital Markets cut Kinder Morgan from an outperform rating to a market perform rating and set a $22.00 price target for the company. in a research note on Monday, July 29th. Zacks Investment Research reissued a buy rating and issued a $23.00 price target on shares of Kinder Morgan in a research note on Saturday, June 29th. Johnson Rice started coverage on Kinder Morgan in a research note on Thursday, May 30th. They issued a hold rating and a $21.00 price target for the company. Finally, Raymond James cut Kinder Morgan from an outperform rating to a market perform rating and set a $20.72 price target for the company. in a research note on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Kinder Morgan has a consensus rating of Hold and an average price target of $21.75.
NYSE:KMI traded down $0.56 on Thursday, hitting $20.21. 15,042,782 shares of the company’s stock traded hands, compared to its average volume of 12,846,724. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.33 and a current ratio of 0.41. Kinder Morgan has a 1 year low of $14.62 and a 1 year high of $21.50. The firm’s 50-day simple moving average is $20.86. The firm has a market capitalization of $47.02 billion, a P/E ratio of 22.71, a PEG ratio of 4.32 and a beta of 0.86.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). Kinder Morgan had a net margin of 16.50% and a return on equity of 6.23%. The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same period last year, the firm earned $0.20 EPS. The company’s revenue was down 6.2% compared to the same quarter last year. Analysts predict that Kinder Morgan will post 0.96 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $1.00 annualized dividend and a yield of 4.95%. Kinder Morgan’s dividend payout ratio (DPR) is currently 112.36%.
In related news, insider Richard D. Kinder bought 177,542 shares of Kinder Morgan stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average cost of $19.43 per share, for a total transaction of $3,449,641.06. Following the acquisition, the insider now owns 240,579,496 shares in the company, valued at $4,674,459,607.28. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Richard D. Kinder bought 300,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, May 29th. The stock was bought at an average price of $19.68 per share, with a total value of $5,904,000.00. Following the completion of the acquisition, the insider now owns 241,179,496 shares in the company, valued at approximately $4,746,412,481.28. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 977,542 shares of company stock valued at $19,106,641. Corporate insiders own 13.95% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of KMI. Centaurus Financial Inc. lifted its holdings in shares of Kinder Morgan by 866.1% during the first quarter. Centaurus Financial Inc. now owns 1,082 shares of the pipeline company’s stock worth $54,000 after buying an additional 970 shares during the last quarter. Founders Capital Management lifted its holdings in shares of Kinder Morgan by 224.9% during the first quarter. Founders Capital Management now owns 1,228 shares of the pipeline company’s stock worth $25,000 after buying an additional 850 shares during the last quarter. Citizens Financial Group Inc RI lifted its holdings in shares of Kinder Morgan by 119.2% during the first quarter. Citizens Financial Group Inc RI now owns 1,256 shares of the pipeline company’s stock worth $25,000 after buying an additional 683 shares during the last quarter. Hanson McClain Inc. lifted its holdings in shares of Kinder Morgan by 606.6% during the first quarter. Hanson McClain Inc. now owns 1,505 shares of the pipeline company’s stock worth $30,000 after buying an additional 1,292 shares during the last quarter. Finally, Financial Gravity Wealth Inc. acquired a new position in shares of Kinder Morgan during the first quarter worth approximately $30,000. Hedge funds and other institutional investors own 62.53% of the company’s stock.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 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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