Kinder Morgan Inc. (NYSE:KMI) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday. The firm currently has a $25.20 price target on the stock. Vetr‘s target price suggests a potential upside of 13.21% from the stock’s current price.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, September 20th. Deutsche Bank AG restated a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 29th. TheStreet upgraded shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Credit Suisse Group AG set a $23.00 price objective on shares of Kinder Morgan and gave the company a “hold” rating in a research report on Wednesday, July 20th. Finally, Jefferies Group restated a “hold” rating and issued a $17.00 price objective on shares of Kinder Morgan in a research report on Thursday, July 21st. Twelve equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $21.19.
Kinder Morgan (NYSE:KMI) traded down 3.26% during midday trading on Tuesday, reaching $22.26. 12,860,899 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $22.07 and a 200-day moving average of $19.46. Kinder Morgan has a 12 month low of $11.20 and a 12 month high of $32.89. The stock has a market cap of $49.69 billion, a PE ratio of 795.00 and a beta of 0.69.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. The firm earned $3.14 billion during the quarter, compared to analyst estimates of $3.45 billion. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. The company’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter last year, the business earned $0.16 earnings per share. On average, equities research analysts predict that Kinder Morgan will post $0.67 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. CapWealth Advisors LLC boosted its stake in Kinder Morgan by 26.5% in the first quarter. CapWealth Advisors LLC now owns 15,891 shares of the company’s stock valued at $284,000 after buying an additional 3,329 shares during the period. Brookfield Asset Management Inc. boosted its stake in shares of Kinder Morgan by 117.6% in the first quarter. Brookfield Asset Management Inc. now owns 4,645,250 shares of the company’s stock worth $82,964,000 after buying an additional 2,510,767 shares during the period. Advisor Partners LLC boosted its stake in shares of Kinder Morgan by 78.9% in the first quarter. Advisor Partners LLC now owns 34,589 shares of the company’s stock worth $618,000 after buying an additional 15,258 shares during the period. Bessemer Group Inc. boosted its stake in shares of Kinder Morgan by 65.8% in the first quarter. Bessemer Group Inc. now owns 46,283 shares of the company’s stock worth $826,000 after buying an additional 18,360 shares during the period. Finally, Hikari Power Ltd acquired a new stake in shares of Kinder Morgan during the first quarter worth approximately $1,765,000. Institutional investors and hedge funds own 54.61% 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.
To view Vetr’s full report, visit Vetr’s official website.
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