Kinder Morgan Inc. (KMI) Upgraded at Vetr Inc.
Kinder Morgan Inc. (NYSE:KMI) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday. The firm currently has a $24.21 price target on the stock. Vetr‘s price objective indicates a potential upside of 12.97% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. Stifel Nicolaus raised Kinder Morgan from a “hold” rating to a “buy” rating and reduced their target price for the stock from $25.00 to $24.00 in a report on Thursday, October 20th. They noted that the move was a valuation call. SunTrust Banks Inc. reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Sunday, October 23rd. Morgan Stanley set a $24.00 target price on Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, October 20th. Barclays PLC set a $25.00 target price on Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, October 20th. Finally, Goldman Sachs Group Inc. set a $24.00 target price on Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, October 20th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Kinder Morgan presently has a consensus rating of “Buy” and a consensus target price of $22.33.
Kinder Morgan (NYSE:KMI) traded down 1.74% during mid-day trading on Monday, hitting $21.43. The company had a trading volume of 11,102,391 shares. The stock’s 50 day moving average price is $20.96 and its 200 day moving average price is $20.35. The firm’s market cap is $47.84 billion. Kinder Morgan has a 52-week low of $11.20 and a 52-week high of $23.62.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 19th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.25. Kinder Morgan had a positive return on equity of 4.69% and a negative net margin of 1.13%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the business earned $0.08 EPS. The company’s quarterly revenue was down 10.2% on a year-over-year basis. On average, equities research analysts predict that Kinder Morgan will post $0.64 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Friday, October 28th. Kinder Morgan’s dividend payout ratio is presently -416.67%.
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In related news, Director Fayez Sarofim acquired 700,000 shares of Kinder Morgan stock in a transaction dated Monday, October 24th. The stock was acquired at an average cost of $21.41 per share, with a total value of $14,987,000.00. Following the purchase, 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 legal filing with the SEC, which can be accessed through the SEC website. Insiders own 13.97% of the company’s stock.
Several large investors have recently added to or reduced their stakes in KMI. CI Global Investments Inc. bought a new stake in Kinder Morgan during the second quarter valued at $103,965,000. Advisor Partners LLC raised its stake in Kinder Morgan by 8.8% in the second quarter. Advisor Partners LLC now owns 37,640 shares of the company’s stock valued at $705,000 after buying an additional 3,051 shares in the last quarter. GW&K Investment Management LLC raised its stake in Kinder Morgan by 6.6% in the second quarter. GW&K Investment Management LLC now owns 891,435 shares of the company’s stock valued at $16,688,000 after buying an additional 55,463 shares in the last quarter. Spirit of America Management Corp NY raised its stake in Kinder Morgan by 47.5% in the third quarter. Spirit of America Management Corp NY now owns 502,794 shares of the company’s stock valued at $11,630,000 after buying an additional 161,820 shares in the last quarter. Finally, Confluence Investment Management LLC raised its stake in Kinder Morgan by 16.7% in the second quarter. Confluence Investment Management LLC now owns 2,352,603 shares of the company’s stock valued at $44,041,000 after buying an additional 337,389 shares in the last quarter. 54.05% of the stock is owned by institutional investors and hedge funds.
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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