Kinder Morgan Inc. (KMI) Trading 3.4% Higher
Kinder Morgan Inc. (NYSE:KMI) traded up 3.4% during mid-day trading on Monday . The company traded as high as $22.20 and last traded at $22.20, with a volume of 9,522,183 shares. The stock had previously closed at $21.47.
A number of equities research analysts have issued reports on the stock. Vetr upgraded shares of Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $24.78 price objective on the stock in a research note on Monday, September 12th. Jefferies Group reiterated a “hold” rating and set a $17.00 price objective on shares of Kinder Morgan in a research note on Thursday, July 21st. Morgan Stanley upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $23.00 to $24.00 in a research note on Thursday, August 18th. Barclays PLC increased their price objective on shares of Kinder Morgan from $20.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, July 18th. Finally, Credit Suisse Group AG set a $23.00 price objective on shares of Kinder Morgan and gave the stock a “hold” rating in a research note on Wednesday, July 20th. Twelve equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $20.58.
The company has a 50 day moving average of $21.34 and a 200 day moving average of $19.06. The company has a market capitalization of $48.89 billion, a P/E ratio of 782.14 and a beta of 0.63.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.15 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Kinder Morgan had a return on equity of 4.82% and a net margin of 1.63%. The company earned $3.14 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same quarter in the previous year, the firm earned $0.16 earnings per share. Kinder Morgan’s revenue was down 9.2% on a year-over-year basis. On average, analysts expect that Kinder Morgan Inc. will post $0.67 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. raised its position in shares of Kinder Morgan by 24.9% in the second quarter. Macquarie Group Ltd. now owns 4,878,530 shares of the company’s stock valued at $91,325,000 after buying an additional 972,496 shares during the last quarter. Williams Jones & Associates LLC raised its stake in shares of Kinder Morgan by 397.0% in the second quarter. Williams Jones & Associates LLC now owns 169,758 shares of the company’s stock valued at $3,178,000 after buying an additional 135,600 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Kinder Morgan during the second quarter valued at about $1,383,000. Kentucky Retirement Systems purchased a new stake in shares of Kinder Morgan during the second quarter valued at about $2,913,000. Finally, Mason Street Advisors LLC purchased a new stake in shares of Kinder Morgan during the second quarter valued at about $4,614,000. 54.65% of the stock is owned by institutional investors.
About Kinder Morgan
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.
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