Kinder Morgan Inc (NYSE:KMI)‘s stock had its “outperform” rating reiterated by Wells Fargo & Company in a report released on Monday, May 15th. They presently have a $25.00 target price on the pipeline company’s stock, down from their previous target price of $26.50. Wells Fargo & Company’s price objective would suggest a potential upside of 30.28% from the stock’s current price.
A number of other equities research analysts also recently weighed in on KMI. Vetr upgraded shares of Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $23.88 price target for the company in a research report on Monday, February 27th. Royal Bank of Canada reiterated a “hold” rating and issued a $25.00 price target on shares of Kinder Morgan in a research report on Friday, March 17th. Macquarie began coverage on shares of Kinder Morgan in a research report on Friday, April 21st. They issued a “neutral” rating and a $21.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Monday, January 16th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $23.82.
Kinder Morgan (NYSE:KMI) traded up 2.02% during trading on Monday, reaching $19.19. The company’s stock had a trading volume of 16,112,529 shares. The stock has a market cap of $42.84 billion, a P/E ratio of 63.54 and a beta of 0.59. The firm’s 50-day moving average is $19.49 and its 200-day moving average is $21.06. Kinder Morgan has a 52-week low of $17.16 and a 52-week high of $23.36.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 19th. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.01. Kinder Morgan had a return on equity of 4.66% and a net margin of 13.00%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the prior year, the firm earned $0.12 EPS. The company’s revenue was up 7.2% on a year-over-year basis. Equities research analysts forecast that Kinder Morgan will post $0.67 EPS for the current year.
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In other news, insider Richard D. Kinder purchased 500,000 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were acquired at an average price of $18.58 per share, with a total value of $9,290,000.00. Following the completion of the transaction, the insider now owns 234,712,353 shares of the company’s stock, valued at approximately $4,360,955,518.74. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Dax Sanders purchased 2,600 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were purchased at an average cost of $18.60 per share, for a total transaction of $48,360.00. The disclosure for this purchase can be found here. Insiders own 13.99% of the company’s stock.
A number of hedge funds have recently modified their holdings of KMI. Advisor Partners LLC boosted its stake in shares of Kinder Morgan by 7.3% in the third quarter. Advisor Partners LLC now owns 40,390 shares of the pipeline company’s stock worth $934,000 after buying an additional 2,750 shares during the period. Investment Partners Ltd. OH ADV purchased a new stake in shares of Kinder Morgan during the third quarter worth approximately $537,000. Arizona State Retirement System boosted its position in Kinder Morgan by 5.3% in the third quarter. Arizona State Retirement System now owns 472,800 shares of the pipeline company’s stock worth $10,936,000 after buying an additional 23,900 shares during the period. OLD National Bancorp IN boosted its position in Kinder Morgan by 34.5% in the third quarter. OLD National Bancorp IN now owns 27,584 shares of the pipeline company’s stock worth $638,000 after buying an additional 7,068 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its position in Kinder Morgan by 12.7% in the third quarter. Public Employees Retirement Association of Colorado now owns 815,294 shares of the pipeline company’s stock worth $18,858,000 after buying an additional 92,005 shares during the period. 58.05% of the stock is currently owned by institutional investors and hedge funds.
About Kinder Morgan
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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