Kinder Morgan (NYSE:KMI) Upgraded to Peer Perform at Wolfe Research

Kinder Morgan (NYSE:KMI) was upgraded by equities research analysts at Wolfe Research from an “underperform” rating to a “peer perform” rating in a report released on Thursday, FinViz reports.

KMI has been the subject of several other research reports. Johnson Rice assumed coverage on shares of Kinder Morgan in a research note on Thursday, May 30th. They issued a “hold” rating and a $21.00 target price for the company. Raymond James downgraded shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 target price for the company. in a research note on Wednesday, June 26th. Zacks Investment Research reiterated a “buy” rating and issued a $23.00 target price on shares of Kinder Morgan in a research note on Saturday, June 29th. Stifel Nicolaus cut shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a research note on Monday, June 17th. Finally, ValuEngine cut shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $21.75.

KMI opened at $20.40 on Thursday. The company has a market capitalization of $46.20 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 4.28 and a beta of 0.86. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average price of $20.61 and a 200-day moving average price of $20.06. Kinder Morgan has a twelve month low of $14.62 and a twelve month high of $21.50.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Kinder Morgan had a return on equity of 6.23% and a net margin of 16.50%. Kinder Morgan’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 EPS. On average, sell-side analysts expect that Kinder Morgan will post 0.95 earnings per share for the current fiscal year.

In other news, insider Richard D. Kinder acquired 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 purchase, the insider now owns 241,179,496 shares in the company, valued at $4,746,412,481.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.95% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Centaurus Financial Inc. lifted its position in Kinder Morgan by 866.1% during the first quarter. Centaurus Financial Inc. now owns 1,082 shares of the pipeline company’s stock valued at $54,000 after purchasing an additional 970 shares during the last quarter. Citizens Financial Group Inc RI lifted its position in 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 valued at $25,000 after purchasing an additional 683 shares during the last quarter. Hanson McClain Inc. lifted its position in Kinder Morgan by 606.6% during the first quarter. Hanson McClain Inc. now owns 1,505 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 1,292 shares during the last quarter. Financial Gravity Wealth Inc. bought a new stake in Kinder Morgan during the first quarter valued at approximately $30,000. Finally, SRS Capital Advisors Inc. bought a new stake in Kinder Morgan during the second quarter valued at approximately $32,000. 62.81% of the stock is owned by institutional investors.

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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