Royal Bank of Canada Reiterates Hold Rating for Kinder Morgan Inc (KMI)
Kinder Morgan Inc (NYSE:KMI)‘s stock had its “hold” rating reissued by Royal Bank of Canada in a research report issued on Friday. They presently have a $25.00 price target on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 17.98% from the company’s current price.
KMI has been the subject of a number of other reports. Wolfe Research lowered shares of Kinder Morgan to a “buy” rating in a research note on Tuesday, November 22nd. Vetr lowered shares of Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $23.88 price objective for the company. in a research note on Tuesday, January 31st. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating on shares of Kinder Morgan in a research note on Wednesday, December 7th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $28.00 price objective (up from $26.00) on shares of Kinder Morgan in a research note on Sunday, December 4th. Finally, BMO Capital Markets lowered shares of Kinder Morgan to a “buy” rating in a research note on Tuesday, November 22nd. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $23.31.
Shares of Kinder Morgan (NYSE:KMI) opened at 21.19 on Friday. Kinder Morgan has a 1-year low of $16.63 and a 1-year high of $23.36. The firm’s 50-day moving average is $21.89 and its 200 day moving average is $21.61. The stock has a market capitalization of $47.31 billion, a P/E ratio of 86.14 and a beta of 0.73.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 18th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.10. Kinder Morgan had a net margin of 5.12% and a return on equity of 4.20%. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the prior year, the company posted ($0.29) earnings per share. Kinder Morgan’s quarterly revenue was down 6.8% compared to the same quarter last year. On average, analysts expect that Kinder Morgan will post $0.67 EPS for the current fiscal year.
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Several hedge funds have recently bought and sold shares of the company. Atria Investments LLC increased its position in Kinder Morgan by 25.5% in the third quarter. Atria Investments LLC now owns 43,951 shares of the company’s stock worth $1,017,000 after buying an additional 8,925 shares in the last quarter. First National Bank of Omaha purchased a new position in Kinder Morgan during the third quarter worth approximately $215,000. Maple Brown Abbott Ltd increased its position in Kinder Morgan by 177.6% in the third quarter. Maple Brown Abbott Ltd now owns 1,418,030 shares of the company’s stock worth $32,799,000 after buying an additional 907,139 shares in the last quarter. Grassi Investment Management increased its position in Kinder Morgan by 22.2% in the third quarter. Grassi Investment Management now owns 31,910 shares of the company’s stock worth $738,000 after buying an additional 5,807 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in Kinder Morgan by 4.9% in the third quarter. Raymond James Trust N.A. now owns 42,916 shares of the company’s stock worth $993,000 after buying an additional 2,019 shares in the last quarter. 55.78% of the stock is owned by institutional investors and hedge funds.
Kinder Morgan Company Profile
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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