Wolfe Research Begins Coverage on Kinder Morgan Inc. (KMI)
Research analysts at Wolfe Research assumed coverage on shares of Kinder Morgan Inc. (NYSE:KMI) in a note issued to investors on Friday. The brokerage set a “hold” rating and a $24.00 price target on the stock. Wolfe Research’s target price would indicate a potential upside of 10.70% from the stock’s previous close.
KMI has been the subject of several other reports. Zacks Investment Research raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Monday, June 20th. Vetr raised shares of Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $19.69 price target for the company in a research note on Monday, June 13th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 29th. Finally, Barclays PLC lifted their price target on shares of Kinder Morgan from $20.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, July 18th. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $21.35.
Shares of Kinder Morgan (NYSE:KMI) traded down 1.86% during midday trading on Friday, hitting $21.68. 15,421,948 shares of the stock were exchanged. The stock has a market capitalization of $48.40 billion, a price-to-earnings ratio of 774.29 and a beta of 0.69. Kinder Morgan has a 1-year low of $11.20 and a 1-year high of $32.79. The firm’s 50 day moving average is $22.07 and its 200-day moving average is $19.53.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. The firm earned $3.14 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. The business’s revenue was down 9.2% compared to the same quarter last year. On average, analysts predict that Kinder Morgan will post $0.67 EPS for the current year.
Several hedge funds have recently bought and sold shares of KMI. Trust Co. of Oklahoma raised its stake in Kinder Morgan by 7.5% in the third quarter. Trust Co. of Oklahoma now owns 53,922 shares of the company’s stock valued at $1,247,000 after buying an additional 3,763 shares during the period. Exxonmobil Investment Management Inc. TX raised its stake in Kinder Morgan by 3.5% in the third quarter. Exxonmobil Investment Management Inc. TX now owns 490,193 shares of the company’s stock valued at $11,338,000 after buying an additional 16,529 shares during the period. Pure Financial Advisors Inc. acquired a new stake in Kinder Morgan during the third quarter valued at about $203,000. Deane Retirement Strategies Inc. raised its stake in Kinder Morgan by 59.8% in the third quarter. Deane Retirement Strategies Inc. now owns 180,272 shares of the company’s stock valued at $4,167,000 after buying an additional 67,483 shares during the period. Finally, Atalanta Sosnoff Capital LLC raised its stake in Kinder Morgan by 123.6% in the third quarter. Atalanta Sosnoff Capital LLC now owns 248,082 shares of the company’s stock valued at $5,738,000 after buying an additional 137,112 shares during the period. 54.61% of the stock is currently 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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