Brokerages Set Kinder Morgan Inc. (KMI) Target Price at $21.50
Kinder Morgan Inc. (NYSE:KMI) has earned a consensus recommendation of “Hold” from the twenty-two brokerages that are presently covering the stock. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $21.50.
A number of research analysts have recently commented on the company. Morgan Stanley upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $23.00 to $24.00 in a research note on Thursday, August 18th. Vetr upgraded Kinder Morgan from a “strong sell” rating to a “sell” rating and set a $19.80 target price for the company in a research note on Monday, July 18th. TheStreet upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Jefferies Group restated a “hold” rating and issued a $17.00 target price on shares of Kinder Morgan in a research note on Thursday, July 21st. Finally, Stifel Nicolaus cut Kinder Morgan from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research note on Tuesday, October 4th.
A number of hedge funds have recently added to or reduced their stakes in the stock. Cohen & Steers Inc. raised its stake in Kinder Morgan by 247.5% in the second quarter. Cohen & Steers Inc. now owns 14,915,734 shares of the company’s stock valued at $336,051,000 after buying an additional 10,623,045 shares in the last quarter. Brookfield Asset Management Inc. raised its stake in Kinder Morgan by 164.4% in the second quarter. Brookfield Asset Management Inc. now owns 12,280,750 shares of the company’s stock valued at $229,896,000 after buying an additional 7,635,500 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in Kinder Morgan during the second quarter valued at about $106,291,000. CI Global Investments Inc. bought a new stake in Kinder Morgan during the second quarter valued at about $103,965,000. Finally, Vanguard Group Inc. raised its stake in Kinder Morgan by 2.2% in the second quarter. Vanguard Group Inc. now owns 123,812,360 shares of the company’s stock valued at $2,317,767,000 after buying an additional 2,665,546 shares in the last quarter. 54.58% of the stock is owned by institutional investors and hedge funds.
Kinder Morgan (NYSE:KMI) opened at 20.19 on Thursday. The company has a market cap of $45.07 billion, a P/E ratio of 721.07 and a beta of 0.69. The firm has a 50-day moving average price of $21.87 and a 200-day moving average price of $19.66. Kinder Morgan has a 52 week low of $11.20 and a 52 week high of $32.20.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. The firm 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 business’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period last year, the company earned $0.16 EPS. Equities research analysts anticipate that Kinder Morgan will post $0.67 EPS for the current fiscal year.
About Kinder Morgan
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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