Kinder Morgan Inc (NYSE:KMI) Receives Average Rating of “Hold” from Analysts

Shares of Kinder Morgan Inc (NYSE:KMI) have earned an average rating of “Hold” from the seventeen ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $21.75.

A number of research firms have issued reports on KMI. BMO Capital Markets downgraded shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 price objective for the company. in a report on Monday, July 29th. Stifel Nicolaus downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a report on Monday, June 17th. Johnson Rice began coverage on shares of Kinder Morgan in a report on Thursday, May 30th. They issued a “hold” rating and a $21.00 price objective for the company. Zacks Investment Research reissued a “buy” rating and issued a $23.00 price objective on shares of Kinder Morgan in a report on Saturday, June 29th. Finally, ValuEngine downgraded shares of Kinder Morgan from a “hold” rating to a “sell” rating in a report on Thursday.

In related news, insider Richard D. Kinder acquired 177,542 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average cost of $19.43 per share, for a total transaction of $3,449,641.06. Following the transaction, the insider now directly owns 240,579,496 shares in the company, valued at $4,674,459,607.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard D. Kinder acquired 300,000 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of $19.53 per share, with a total value of $5,859,000.00. Following the completion of the transaction, the insider now owns 240,879,496 shares in the company, valued at $4,704,376,556.88. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 977,542 shares of company stock valued at $19,106,641. 13.95% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Baugh & Associates LLC increased its position in shares of Kinder Morgan by 0.3% during the second quarter. Baugh & Associates LLC now owns 189,197 shares of the pipeline company’s stock worth $3,950,000 after buying an additional 495 shares during the period. SeaCrest Wealth Management LLC increased its position in shares of Kinder Morgan by 2.7% during the second quarter. SeaCrest Wealth Management LLC now owns 18,851 shares of the pipeline company’s stock worth $394,000 after buying an additional 497 shares during the period. Osborn Williams & Donohoe LLC increased its position in shares of Kinder Morgan by 1.2% during the second quarter. Osborn Williams & Donohoe LLC now owns 41,993 shares of the pipeline company’s stock worth $877,000 after buying an additional 500 shares during the period. First Bank & Trust increased its position in shares of Kinder Morgan by 10.7% during the second quarter. First Bank & Trust now owns 5,229 shares of the pipeline company’s stock worth $109,000 after buying an additional 507 shares during the period. Finally, Cullen Frost Bankers Inc. increased its position in shares of Kinder Morgan by 0.5% during the first quarter. Cullen Frost Bankers Inc. now owns 114,016 shares of the pipeline company’s stock worth $2,282,000 after buying an additional 520 shares during the period. Institutional investors and hedge funds own 62.53% of the company’s stock.

NYSE KMI traded down $0.56 during trading on Friday, reaching $20.21. The company’s stock had a trading volume of 15,042,782 shares, compared to its average volume of 11,773,905. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.41 and a quick ratio of 0.33. The stock has a market cap of $46.68 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 4.29 and a beta of 0.86. Kinder Morgan has a 12 month low of $14.62 and a 12 month high of $21.50. The company has a 50 day moving average of $20.86.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.59 billion. Kinder Morgan had a net margin of 16.50% and a return on equity of 6.23%. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. As a group, research analysts anticipate that Kinder Morgan will post 0.96 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date is Tuesday, July 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 112.36%.

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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Analyst Recommendations for Kinder Morgan (NYSE:KMI)

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