Kinder Morgan Inc (KMI) Short Interest Update
Kinder Morgan Inc (NYSE:KMI) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 48,365,316 shares, a decline of 11.6% from the November 30th total of 54,717,490 shares. Based on an average trading volume of 16,127,252 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.5% of the shares of the company are short sold.
Kinder Morgan (NYSE:KMI) opened at $18.95 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.42 and a quick ratio of 0.35. The stock has a market cap of $42,320.00, a price-to-earnings ratio of 33.84, a price-to-earnings-growth ratio of 1.36 and a beta of 0.62. Kinder Morgan has a 12 month low of $16.68 and a 12 month high of $23.01.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.21 billion. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. Kinder Morgan’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.10) EPS. equities research analysts anticipate that Kinder Morgan will post 0.65 earnings per share for the current fiscal year.
A number of brokerages have recently commented on KMI. Credit Suisse Group began coverage on shares of Kinder Morgan in a report on Thursday. They issued an “outperform” rating and a $23.00 target price on the stock. BMO Capital Markets set a $26.00 target price on shares of Kinder Morgan and gave the company a “buy” rating in a report on Thursday, October 12th. Citigroup cut their target price on shares of Kinder Morgan from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, October 17th. Zacks Investment Research cut shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, Goldman Sachs Group cut shares of Kinder Morgan from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $18.81 to $22.00 in a research note on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $22.72.
In other Kinder Morgan news, VP Thomas A. Martin bought 3,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were acquired at an average cost of $17.10 per share, with a total value of $51,300.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 13.99% of the company’s stock.
Large investors have recently bought and sold shares of the company. Heritage Trust Co grew its stake in shares of Kinder Morgan by 457.7% during the 2nd quarter. Heritage Trust Co now owns 5,242 shares of the pipeline company’s stock worth $101,000 after purchasing an additional 4,302 shares during the period. Welch Investments LLC acquired a new position in shares of Kinder Morgan during the 3rd quarter worth $102,000. Valeo Financial Advisors LLC acquired a new position in shares of Kinder Morgan during the 3rd quarter worth $104,000. Fiduciary Trust Co. acquired a new position in shares of Kinder Morgan during the 2nd quarter worth $115,000. Finally, Acrospire Investment Management LLC grew its stake in shares of Kinder Morgan by 30.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 6,814 shares of the pipeline company’s stock worth $131,000 after purchasing an additional 1,600 shares during the period. 60.73% of the stock is currently owned by institutional investors and hedge funds.
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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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