Kinder Morgan Inc. (KMI) Upgraded to “Strong-Buy” at Vetr Inc.
Vetr upgraded shares of Kinder Morgan Inc. (NYSE:KMI) from a buy rating to a strong-buy rating in a research report report published on Tuesday. The firm currently has $25.20 target price on the stock.
Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded Kinder Morgan from a hold rating to a buy rating and set a $25.00 price target on the stock in a report on Tuesday, September 20th. Deutsche Bank AG reiterated a buy rating on shares of Kinder Morgan in a report on Wednesday, June 29th. TheStreet upgraded Kinder Morgan from a sell rating to a hold rating in a report on Wednesday, June 22nd. Credit Suisse Group AG set a $23.00 price target on Kinder Morgan and gave the stock a hold rating in a report on Wednesday, July 20th. Finally, Jefferies Group reiterated a hold rating and issued a $17.00 price target on shares of Kinder Morgan in a report on Thursday, July 21st. Twelve equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Kinder Morgan has a consensus rating of Hold and a consensus price target of $21.19.
Kinder Morgan (NYSE:KMI) opened at 22.26 on Tuesday. The company has a market cap of $49.69 billion, a price-to-earnings ratio of 795.00 and a beta of 0.69. Kinder Morgan has a 12 month low of $11.20 and a 12 month high of $32.89. The company has a 50-day moving average of $22.07 and a 200-day moving average of $19.46.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.45 billion. Kinder Morgan had a return on equity of 4.82% and a net margin of 1.63%. The company’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 earnings per share. Analysts predict that Kinder Morgan will post $0.67 EPS for the current year.
Large investors have recently bought and sold shares of the stock. CapWealth Advisors LLC raised its stake in Kinder Morgan by 26.5% in the first quarter. CapWealth Advisors LLC now owns 15,891 shares of the company’s stock valued at $284,000 after buying an additional 3,329 shares in the last quarter. Brookfield Asset Management Inc. raised its stake in Kinder Morgan by 117.6% in the first quarter. Brookfield Asset Management Inc. now owns 4,645,250 shares of the company’s stock valued at $82,964,000 after buying an additional 2,510,767 shares in the last quarter. Advisor Partners LLC raised its stake in Kinder Morgan by 78.9% in the first quarter. Advisor Partners LLC now owns 34,589 shares of the company’s stock valued at $618,000 after buying an additional 15,258 shares in the last quarter. Bessemer Group Inc. raised its stake in Kinder Morgan by 65.8% in the first quarter. Bessemer Group Inc. now owns 46,283 shares of the company’s stock valued at $826,000 after buying an additional 18,360 shares in the last quarter. Finally, Hikari Power Ltd acquired a new stake in Kinder Morgan during the first quarter valued at about $1,765,000. 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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