Kinder Morgan Inc. (KMI) Downgraded to Hold at Stifel Nicolaus
Stifel Nicolaus cut shares of Kinder Morgan Inc. (NYSE:KMI) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning. The firm currently has $24.00 target price on the stock.
A number of other research analysts have also weighed in on the stock. Vetr upgraded shares of Kinder Morgan from a hold rating to a buy rating and set a $23.64 price objective for the company in a research note on Monday, September 5th. Morgan Stanley upgraded shares of Kinder Morgan from an equal weight rating to an overweight rating and lifted their price objective for the company from $23.00 to $24.00 in a research note on Thursday, August 18th. Zacks Investment Research upgraded shares of Kinder Morgan from a hold rating to a buy rating and set a $25.00 price objective for the company in a research note on Tuesday, September 20th. Deutsche Bank AG reiterated a buy rating on shares of Kinder Morgan in a research note on Wednesday, June 29th. Finally, TheStreet upgraded shares of Kinder Morgan from a sell rating to a hold rating in a research note on Wednesday, June 22nd. Twelve analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Hold and an average price target of $21.19.
Kinder Morgan (NYSE:KMI) traded up 1.26% during midday trading on Tuesday, reaching $22.54. The company’s stock had a trading volume of 2,660,575 shares. The stock has a 50-day moving average price of $22.07 and a 200 day moving average price of $19.46. Kinder Morgan has a 12 month low of $11.20 and a 12 month high of $32.89. The company has a market cap of $50.32 billion, a PE ratio of 805.00 and a beta of 0.69.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. Kinder Morgan’s revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 EPS. Analysts expect that Kinder Morgan will post $0.67 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the company. Hudock Capital Group LLC increased its position in Kinder Morgan by 12.0% in the second quarter. Hudock Capital Group LLC now owns 5,394 shares of the company’s stock worth $100,000 after buying an additional 576 shares during the last quarter. Stelac Advisory Services LLC acquired a new stake in shares of Kinder Morgan during the first quarter worth $110,000. Huntington Asset Advisors Inc. acquired a new stake in shares of Kinder Morgan during the first quarter worth $111,000. Hallmark Capital Management Inc. acquired a new stake in shares of Kinder Morgan during the second quarter worth $157,000. Finally, PineBridge Investments L.P. boosted its stake in shares of Kinder Morgan by 465.2% in the second quarter. PineBridge Investments L.P. now owns 9,258 shares of the company’s stock worth $173,000 after buying an additional 7,620 shares during the period. 54.61% of the stock is owned by institutional investors.
Kinder Morgan Company Profile
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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