A number of other equities research analysts have also issued reports on the company. Stifel Nicolaus lowered Kinder Morgan from a buy rating to a hold rating and set a $24.00 price target for the company. in a research note on Tuesday. Zacks Investment Research upgraded Kinder Morgan from a hold rating to a buy rating and set a $25.00 price target for the company in a research note on Tuesday, September 20th. Morgan Stanley upgraded Kinder Morgan from an equal weight rating to an overweight rating and increased their price target for the stock from $23.00 to $24.00 in a research note on Thursday, August 18th. Credit Suisse Group AG set a $23.00 price objective on Kinder Morgan and gave the company a hold rating in a research report on Wednesday, July 20th. Finally, Jefferies Group restated a hold rating and set a $17.00 price objective on shares of Kinder Morgan in a research report on Thursday, July 21st. Twelve equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Kinder Morgan currently has a consensus rating of Hold and an average price target of $21.19.
Shares of Kinder Morgan (NYSE:KMI) opened at 22.26 on Tuesday. The company has a market cap of $49.69 billion, a price-to-earnings ratio of 795.00 and a beta of 0.69. The company’s 50-day moving average price is $22.07 and its 200 day moving average price is $19.46. Kinder Morgan has a 1-year low of $11.20 and a 1-year high of $32.89.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. Kinder Morgan had a return on equity of 4.82% and a net margin of 1.63%. The business earned $3.14 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same quarter in the prior year, the business posted $0.16 EPS. Kinder Morgan’s revenue for the quarter was down 9.2% compared to the same quarter last year. On average, analysts predict that Kinder Morgan will post $0.67 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of KMI. Stockman Asset Management raised its position in shares of Kinder Morgan by 0.5% in the first quarter. Stockman Asset Management now owns 14,525 shares of the company’s stock valued at $259,000 after buying an additional 76 shares during the last quarter. Fairfield Bush & CO. raised its position in shares of Kinder Morgan by 0.3% in the second quarter. Fairfield Bush & CO. now owns 31,950 shares of the company’s stock valued at $598,000 after buying an additional 80 shares during the last quarter. Ngam Advisors L.P. raised its position in shares of Kinder Morgan by 0.7% in the second quarter. Ngam Advisors L.P. now owns 27,744 shares of the company’s stock valued at $519,000 after buying an additional 184 shares during the last quarter. CapWealth Advisors LLC raised its position in shares of Kinder Morgan by 1.5% in the second quarter. CapWealth Advisors LLC now owns 16,134 shares of the company’s stock valued at $302,000 after buying an additional 243 shares during the last quarter. Finally, Trust Co. of Toledo NA OH raised its position in shares of Kinder Morgan by 2.6% in the second quarter. Trust Co. of Toledo NA OH now owns 11,797 shares of the company’s stock valued at $221,000 after buying an additional 300 shares during the last quarter. 54.61% of the stock is currently owned by institutional investors.
Kinder Morgan Company Profile
Kinder Morgan, Inc (KMI) is an energy infrastructure company in North America. The Company segments include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Company’s Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Kinder Morgan Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan Inc. and related companies with MarketBeat.com's FREE daily email newsletter.