Kinder Morgan Inc. (KMI) Downgraded to “Buy” at Vetr Inc.
Vetr cut shares of Kinder Morgan Inc. (NYSE:KMI) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday morning. The brokerage currently has $24.08 target price on the stock.
Several other research analysts have also weighed in on the stock. Raymond James Financial Inc. upgraded shares of Kinder Morgan from an outperform rating to a strong-buy rating and boosted their price objective for the stock from $23.00 to $27.00 in a research note on Monday, October 24th. BMO Capital Markets upgraded shares of Kinder Morgan from a market perform rating to an outperform rating and boosted their price objective for the stock from $21.11 to $26.00 in a research note on Monday, October 24th. SunTrust Banks Inc. restated a buy rating on shares of Kinder Morgan in a research note on Sunday, October 23rd. Morgan Stanley set a $24.00 price objective on shares of Kinder Morgan and gave the stock a buy rating in a research note on Thursday, October 20th. Finally, Barclays PLC set a $25.00 price objective on shares of Kinder Morgan and gave the stock a buy rating in a research note on Thursday, October 20th. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $22.32.
Kinder Morgan (NYSE:KMI) traded up 0.70% during trading on Wednesday, reaching $21.44. 2,340,327 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $21.15 and a 200-day moving average price of $20.08. The firm’s market cap is $47.86 billion. Kinder Morgan has a 12 month low of $11.20 and a 12 month high of $24.62.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 19th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.25. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.47 billion. Kinder Morgan had a positive return on equity of 4.69% and a negative net margin of 1.13%. The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 earnings per share. On average, analysts forecast that Kinder Morgan will post $0.64 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Friday, October 28th. Kinder Morgan’s dividend payout ratio (DPR) is presently -416.67%.
In other news, Director Fayez Sarofim acquired 700,000 shares of the firm’s stock in a transaction dated Monday, October 24th. The stock was bought at an average cost of $21.41 per share, for a total transaction of $14,987,000.00. Following the completion of the transaction, the director now directly owns 29,142,387 shares in the company, valued at approximately $623,938,505.67. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 13.97% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Hudock Capital Group LLC boosted its stake in Kinder Morgan by 12.0% in the second quarter. Hudock Capital Group LLC now owns 5,394 shares of the company’s stock valued at $100,000 after buying an additional 576 shares during the period. Stelac Advisory Services LLC purchased a new stake in Kinder Morgan during the first quarter valued at $110,000. Quadrant Capital Group LLC boosted its stake in Kinder Morgan by 3.4% in the third quarter. Quadrant Capital Group LLC now owns 5,593 shares of the company’s stock valued at $119,000 after buying an additional 182 shares during the period. BKS Advisors LLC purchased a new stake in Kinder Morgan during the third quarter valued at $138,000. Finally, IndexIQ Advisors LLC boosted its stake in Kinder Morgan by 114.4% in the third quarter. IndexIQ Advisors LLC now owns 6,263 shares of the company’s stock valued at $145,000 after buying an additional 3,342 shares during the period. Institutional investors own 54.72% of the company’s stock.
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.
Receive News & Stock Ratings for Kinder Morgan Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan Inc. and related stocks with our FREE daily email newsletter.