Kinder Morgan Inc (KMI) Short Interest Update
Kinder Morgan Inc (NYSE:KMI) was the recipient of a significant growth in short interest in the month of January. As of January 12th, there was short interest totalling 53,254,730 shares, a growth of 14.1% from the December 29th total of 46,662,678 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average trading volume of 13,685,428 shares, the short-interest ratio is currently 3.9 days.
Shares of Kinder Morgan (NYSE KMI) opened at $17.50 on Friday. Kinder Morgan has a 12-month low of $16.68 and a 12-month high of $23.01. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.35 and a current ratio of 0.44. The firm has a market capitalization of $39,080.00, a PE ratio of 1,750.00, a price-to-earnings-growth ratio of 1.23 and a beta of 0.56.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter last year, the business posted $0.08 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. equities research analysts forecast that Kinder Morgan will post 0.82 EPS for the current fiscal year.
In other Kinder Morgan news, VP Thomas A. Martin acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were bought at an average price of $17.10 per share, for a total transaction of $51,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William A. Smith acquired 5,500 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was acquired at an average price of $19.52 per share, for a total transaction of $107,360.00. Following the transaction, the director now directly owns 14,587 shares of the company’s stock, valued at approximately $284,738.24. The disclosure for this purchase can be found here. 13.99% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in KMI. Welch Investments LLC purchased a new position in shares of Kinder Morgan in the third quarter worth about $102,000. Valeo Financial Advisors LLC purchased a new position in shares of Kinder Morgan in the third quarter worth about $104,000. Sit Investment Associates Inc. increased its holdings in shares of Kinder Morgan by 237.1% in the fourth quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock worth $122,000 after buying an additional 4,730 shares during the period. Cerebellum GP LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth about $126,000. Finally, Goodman Financial Corp purchased a new position in shares of Kinder Morgan in the fourth quarter worth about $126,000. Hedge funds and other institutional investors own 60.88% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Wells Fargo & Co reiterated a “market perform” rating on shares of Kinder Morgan in a research report on Thursday, January 11th. Credit Suisse Group assumed coverage on Kinder Morgan in a research report on Thursday, January 4th. They issued an “outperform” rating and a $23.00 price objective on the stock. Zacks Investment Research downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Mizuho reiterated a “hold” rating and issued a $22.00 price objective on shares of Kinder Morgan in a research report on Friday, October 20th. Finally, Citigroup lowered their price objective on Kinder Morgan from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.72.
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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.
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