Somewhat Favorable News Coverage Somewhat Unlikely to Impact Kinder Morgan (KMI) Stock Price
Press coverage about Kinder Morgan (NYSE:KMI) has been trending somewhat positive on Saturday, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kinder Morgan earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the pipeline company an impact score of 45.7997408284841 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Stifel Nicolaus Analysts Give Kinder Morgan, Inc. (KMI) a $25.00 Price Target (americanbankingnews.com)
- Kinder Morgan, Inc. (KMI) Shares Sold by New Mexico Educational … – Newburgh Gazette (newburghgazette.com)
- Can Kinder Morgan Deliver on Promised Dividend Hikes? (finance.yahoo.com)
- Kinder Morgan, Inc. (KMI) Cut to Strong Sell at BidaskClub (americanbankingnews.com)
- Kinder Morgan (KMI) Receiving Somewhat Favorable Media Coverage, Study Finds (fishinghd.com)
Several brokerages recently weighed in on KMI. BidaskClub lowered shares of Kinder Morgan from a “sell” rating to a “strong sell” rating in a report on Wednesday. Stifel Nicolaus set a $25.00 price objective on shares of Kinder Morgan and gave the company a “buy” rating in a report on Thursday. Sanford C. Bernstein began coverage on shares of Kinder Morgan in a report on Tuesday, May 16th. They issued a “market perform” rating on the stock. Jefferies Group LLC restated a “hold” rating and issued a $20.00 price objective on shares of Kinder Morgan in a report on Thursday, July 20th. Finally, Mizuho began coverage on shares of Kinder Morgan in a report on Thursday, July 27th. They issued a “neutral” rating and a $22.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Kinder Morgan has an average rating of “Buy” and a consensus target price of $23.91.
Shares of Kinder Morgan (NYSE:KMI) traded up 0.82% during midday trading on Friday, hitting $18.55. 11,593,869 shares of the stock traded hands. The firm has a 50-day moving average price of $19.65 and a 200-day moving average price of $20.40. Kinder Morgan has a 52 week low of $18.23 and a 52 week high of $23.36. The stock has a market capitalization of $41.43 billion, a P/E ratio of 61.22 and a beta of 0.64.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 19th. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.01. Kinder Morgan had a net margin of 6.20% and a return on equity of 4.41%. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the previous year, the firm earned $0.15 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts predict that Kinder Morgan will post $0.64 earnings per share for the current fiscal year.
Kinder Morgan announced that its Board of Directors has approved a share buyback plan on Wednesday, July 19th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the pipeline company to reacquire up to 4.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, July 27th. This represents a $0.50 dividend on an annualized basis and a yield of 2.70%. Kinder Morgan’s dividend payout ratio (DPR) is presently 161.29%.
In other news, Director William A. Smith bought 4,903 shares of Kinder Morgan stock in a transaction dated Monday, July 31st. The stock was purchased at an average price of $20.24 per share, for a total transaction of $99,236.72. Following the purchase, the director now directly owns 14,587 shares in the company, valued at approximately $295,240.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Dax Sanders bought 2,600 shares of Kinder Morgan stock in a transaction dated Tuesday, May 30th. The stock was purchased at an average price of $18.60 per share, with a total value of $48,360.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 507,503 shares of company stock valued at $9,437,597 in the last 90 days. 13.99% of the stock is currently owned by company insiders.
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Kinder Morgan Company Profile
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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