Traders Sell Shares of Kinder Morgan Inc. (KMI) on Strength (KMI)
Investors sold shares of Kinder Morgan Inc. (NYSE:KMI) on strength during trading hours on Monday. $50.21 million flowed into the stock on the tick-up and $72.71 million flowed out of the stock on the tick-down, for a money net flow of $22.50 million out of the stock. Of all equities tracked, Kinder Morgan had the 0th highest net out-flow for the day. Kinder Morgan traded up $0.43 for the day and closed at $21.90
Several equities analysts have recently issued reports on KMI shares. Vetr raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $23.64 price objective on the stock in a research note on Monday, September 5th. Morgan Stanley raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $23.00 to $24.00 in a research note on Thursday, August 18th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 29th. TheStreet raised shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of Kinder Morgan in a research note on Tuesday, July 12th. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.54.
The stock’s 50 day moving average price is $21.48 and its 200-day moving average price is $19.15. The firm has a market capitalization of $48.89 billion, a PE ratio of 782.14 and a beta of 0.63.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the prior year, the company posted $0.16 EPS. The company’s revenue was down 9.2% compared to the same quarter last year. On average, equities analysts predict that Kinder Morgan Inc. will post $0.67 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Kinder Morgan by 2.2% in the second quarter. Vanguard Group Inc. now owns 123,812,360 shares of the company’s stock worth $2,317,767,000 after buying an additional 2,665,546 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Kinder Morgan by 1.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 48,293,177 shares of the company’s stock worth $904,048,000 after buying an additional 725,863 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Kinder Morgan by 1.0% in the first quarter. Franklin Resources Inc. now owns 33,038,516 shares of the company’s stock worth $590,070,000 after buying an additional 328,161 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Kinder Morgan by 1.5% in the first quarter. Geode Capital Management LLC now owns 15,196,271 shares of the company’s stock worth $270,865,000 after buying an additional 225,302 shares in the last quarter. Finally, BlackRock Group LTD increased its stake in shares of Kinder Morgan by 2.5% in the first quarter. BlackRock Group LTD now owns 15,013,838 shares of the company’s stock worth $268,147,000 after buying an additional 359,978 shares in the last quarter. Institutional investors and hedge funds own 54.65% of the company’s stock.
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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