Raymond James cut shares of Kinder Morgan (NYSE:KMI) from a strong-buy rating to an outperform rating in a report released on Tuesday morning, BenzingaRatingsTable reports. The analysts noted that the move was a valuation call.
A number of other research analysts have also recently commented on KMI. JPMorgan Chase & Co. cut shares of Kinder Morgan from an overweight rating to a neutral rating and increased their target price for the stock from $21.00 to $22.00 in a report on Friday, March 22nd. Citigroup cut shares of Kinder Morgan from a buy rating to a neutral rating and set a $20.00 target price for the company. in a report on Wednesday, March 27th. Zacks Investment Research cut shares of Kinder Morgan from a buy rating to a hold rating in a report on Wednesday, March 20th. Jefferies Financial Group lowered shares of Kinder Morgan from a buy rating to a hold rating and raised their price objective for the company from $19.00 to $20.00 in a report on Monday, April 1st. Finally, Goldman Sachs Group lowered shares of Kinder Morgan from a conviction-buy rating to a buy rating and set a $23.00 price objective for the company. in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $21.32.
NYSE:KMI opened at $19.81 on Tuesday. Kinder Morgan has a one year low of $14.62 and a one year high of $20.44. The firm has a market capitalization of $43.66 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 2.63 and a beta of 0.96. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.71 and a current ratio of 0.76.
In related news, insider Richard D. Kinder acquired 50,000 shares of Kinder Morgan stock in a transaction dated Tuesday, January 29th. The stock was bought at an average price of $17.92 per share, with a total value of $896,000.00. Following the transaction, the insider now directly owns 235,262,353 shares in the company, valued at approximately $4,215,901,365.76. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Deborah Macdonald bought 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average price of $19.89 per share, for a total transaction of $49,725.00. Following the completion of the acquisition, the director now owns 25,328 shares in the company, valued at $503,773.92. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 3,090,912 shares of company stock valued at $58,877,514. Insiders own 13.95% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Mcrae Capital Management Inc. lifted its holdings in shares of Kinder Morgan by 14.6% in the 1st quarter. Mcrae Capital Management Inc. now owns 377,127 shares of the pipeline company’s stock worth $7,546,000 after purchasing an additional 48,138 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Kinder Morgan during the 1st quarter valued at $1,438,000. Confluence Investment Management LLC lifted its stake in Kinder Morgan by 0.8% during the 1st quarter. Confluence Investment Management LLC now owns 5,646,611 shares of the pipeline company’s stock valued at $112,989,000 after acquiring an additional 47,309 shares in the last quarter. Welch Group LLC lifted its stake in Kinder Morgan by 18.7% during the 1st quarter. Welch Group LLC now owns 43,513 shares of the pipeline company’s stock valued at $871,000 after acquiring an additional 6,852 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its stake in Kinder Morgan by 4.1% during the 1st quarter. Raymond James Trust N.A. now owns 57,711 shares of the pipeline company’s stock valued at $1,155,000 after acquiring an additional 2,276 shares in the last quarter. Institutional investors own 64.93% of the company’s stock.
Kinder Morgan Company Profile
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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