Kinder Morgan Inc. (NYSE:KMI) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Thursday. The firm presently has a $24.03 price target on the stock. Vetr‘s target price would indicate a potential upside of 12.87% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on KMI. Wolfe Research began coverage on shares of Kinder Morgan in a research report on Friday, October 7th. They set a “hold” rating and a $24.00 price objective for the company. Zacks Investment Research raised 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 report on Tuesday, September 20th. SunTrust Banks Inc. reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Sunday, October 23rd. Raymond James Financial Inc. raised shares of Kinder Morgan from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $23.00 to $27.00 in a research report on Monday, October 24th. Finally, Credit Suisse Group AG raised shares of Kinder Morgan from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $23.00 to $26.00 in a research report on Thursday, October 20th. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $22.32.

Analyst Recommendations for Kinder Morgan (NYSE:KMI)

Shares of Kinder Morgan (NYSE:KMI) opened at 21.29 on Thursday. The stock’s market cap is $47.53 billion. Kinder Morgan has a 52-week low of $11.20 and a 52-week high of $24.62. The company’s 50 day moving average price is $21.17 and its 200 day moving average price is $20.07.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.25. The business earned $3.33 billion during the quarter, compared to the consensus estimate of $3.47 billion. Kinder Morgan had a negative net margin of 1.13% and a positive return on equity of 4.69%. The company’s revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 EPS. On average, analysts anticipate that Kinder Morgan will post $0.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Friday, October 28th. Kinder Morgan’s payout ratio is -416.67%.

In other Kinder Morgan news, Director Fayez Sarofim purchased 700,000 shares of the business’s stock in a transaction on Monday, October 24th. The shares were purchased at an average cost of $21.41 per share, for a total transaction of $14,987,000.00. Following the acquisition, the director now owns 29,142,387 shares of the company’s stock, valued at $623,938,505.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 13.97% of the company’s stock.

Institutional investors have recently modified their holdings of the company. First Personal Financial Services boosted its position in shares of Kinder Morgan by 0.4% in the third quarter. First Personal Financial Services now owns 18,704 shares of the company’s stock worth $433,000 after buying an additional 70 shares in the last quarter. Fairfield Bush & CO. boosted its position in shares of Kinder Morgan by 0.3% in the second quarter. Fairfield Bush & CO. now owns 31,950 shares of the company’s stock worth $598,000 after buying an additional 80 shares in the last quarter. WMS Partners LLC boosted its position in shares of Kinder Morgan by 1.3% in the third quarter. WMS Partners LLC now owns 13,682 shares of the company’s stock worth $316,000 after buying an additional 174 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Kinder Morgan by 3.4% in the third quarter. Quadrant Capital Group LLC now owns 5,593 shares of the company’s stock worth $119,000 after buying an additional 182 shares in the last quarter. Finally, Ngam Advisors L.P. boosted its position in shares of Kinder Morgan by 0.7% in the second quarter. Ngam Advisors L.P. now owns 27,744 shares of the company’s stock worth $519,000 after buying an additional 184 shares in the last quarter. Institutional investors own 54.72% of the company’s stock.

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.

5 Day Chart for NYSE:KMI

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.