Kinder Morgan, Inc. (KMI) Short Interest Up 17.1% in October
Kinder Morgan, Inc. (NYSE:KMI) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 53,755,537 shares, an increase of 17.1% from the October 13th total of 45,905,860 shares. Approximately 2.8% of the shares of the stock are sold short. Based on an average daily volume of 14,382,184 shares, the days-to-cover ratio is presently 3.7 days.
KMI has been the topic of a number of research analyst reports. Goldman Sachs Group, Inc. (The) downgraded Kinder Morgan from a “buy” rating to a “neutral” rating and raised their target price for the company from $18.81 to $22.00 in a report on Tuesday, October 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of Kinder Morgan in a report on Tuesday, September 5th. Zacks Investment Research raised Kinder Morgan from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Stifel Nicolaus cut their price objective on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, October 24th. Finally, Raymond James Financial, Inc. reissued a “buy” rating on shares of Kinder Morgan in a report on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. Kinder Morgan has a consensus rating of “Hold” and an average target price of $22.97.
Kinder Morgan (NYSE:KMI) opened at $17.01 on Friday. The company has a market capitalization of $37,987.41, a PE ratio of 26.17, a price-to-earnings-growth ratio of 1.32 and a beta of 0.65. Kinder Morgan has a twelve month low of $16.70 and a twelve month high of $23.01. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.96.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.21 billion. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.10) EPS. equities analysts anticipate that Kinder Morgan will post 0.64 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Monday, October 30th. Kinder Morgan’s payout ratio is presently 89.29%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. bought a new position in shares of Kinder Morgan in the 1st quarter worth about $270,000. Advent International Corp MA raised its position in shares of Kinder Morgan by 33.7% in the 1st quarter. Advent International Corp MA now owns 198,480 shares of the pipeline company’s stock worth $4,315,000 after acquiring an additional 50,000 shares in the last quarter. Level Four Advisory Services LLC raised its position in shares of Kinder Morgan by 111.0% in the 1st quarter. Level Four Advisory Services LLC now owns 78,598 shares of the pipeline company’s stock worth $1,700,000 after acquiring an additional 41,347 shares in the last quarter. Cobalt Capital Management Inc. raised its position in shares of Kinder Morgan by 54.2% in the 1st quarter. Cobalt Capital Management Inc. now owns 495,000 shares of the pipeline company’s stock worth $10,761,000 after acquiring an additional 174,000 shares in the last quarter. Finally, New England Asset Management Inc. raised its position in shares of Kinder Morgan by 16.5% in the 1st quarter. New England Asset Management Inc. now owns 99,500 shares of the pipeline company’s stock worth $2,163,000 after acquiring an additional 14,100 shares in the last quarter. 59.03% of the stock is currently owned by hedge funds and other institutional investors.
About Kinder Morgan
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.
Receive News & Ratings for Kinder Morgan Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.