Stock analysts at Bank of America initiated coverage on shares of Kinder Morgan (NYSE:KMI) in a research note issued on Tuesday, The Fly reports. The firm set a “neutral” rating on the pipeline company’s stock.

Other research analysts have also recently issued research reports about the stock. SunTrust Banks set a $23.00 target price on shares of Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 19th. BMO Capital Markets set a $26.00 target price on shares of Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 12th. Stifel Nicolaus decreased their target price on shares of Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th. Royal Bank of Canada restated a “hold” rating and issued a $22.00 target price on shares of Kinder Morgan in a research report on Wednesday, November 15th. Finally, Mizuho restated a “hold” rating and issued a $22.00 target price on shares of Kinder Morgan in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.72.

Shares of Kinder Morgan (NYSE:KMI) opened at $18.86 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.42. Kinder Morgan has a 1 year low of $16.68 and a 1 year high of $23.01. The firm has a market cap of $42,120.00, a PE ratio of 33.68, a P/E/G ratio of 1.36 and a beta of 0.62.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.21 billion. During the same quarter in the prior year, the firm earned ($0.10) EPS. Kinder Morgan’s quarterly revenue was down 1.5% on a year-over-year basis. research analysts expect that Kinder Morgan will post 0.65 earnings per share for the current year.

In related news, VP Thomas A. Martin purchased 3,000 shares of Kinder Morgan stock in a transaction dated Tuesday, December 5th. The stock was bought at an average cost of $17.10 per share, with a total value of $51,300.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 13.99% of the company’s stock.

Several large investors have recently modified their holdings of KMI. Renaissance Technologies LLC lifted its stake in shares of Kinder Morgan by 133.5% in the 2nd quarter. Renaissance Technologies LLC now owns 8,210,372 shares of the pipeline company’s stock worth $157,311,000 after acquiring an additional 4,694,441 shares during the period. Dimensional Fund Advisors LP lifted its stake in Kinder Morgan by 22.9% during the second quarter. Dimensional Fund Advisors LP now owns 11,901,548 shares of the pipeline company’s stock valued at $228,029,000 after purchasing an additional 2,217,905 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Kinder Morgan by 307.5% during the third quarter. Mackenzie Financial Corp now owns 2,881,569 shares of the pipeline company’s stock valued at $55,268,000 after purchasing an additional 2,174,518 shares during the last quarter. Cohen & Steers Inc. lifted its stake in Kinder Morgan by 22.7% during the third quarter. Cohen & Steers Inc. now owns 9,743,540 shares of the pipeline company’s stock valued at $186,881,000 after purchasing an additional 1,801,348 shares during the last quarter. Finally, Tortoise Capital Advisors L.L.C. lifted its stake in Kinder Morgan by 11.0% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 13,908,625 shares of the pipeline company’s stock valued at $266,767,000 after purchasing an additional 1,373,610 shares during the last quarter. 60.73% of the stock is owned by institutional investors.

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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.

The Fly

Analyst Recommendations for Kinder Morgan (NYSE:KMI)

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