Other equities research analysts also recently issued reports about the company. Vetr downgraded Kinder Morgan from a hold rating to a sell rating and set a $18.16 price objective on the stock. in a research report on Monday, July 11th. Jefferies Group restated a hold rating and set a $17.00 price objective on shares of Kinder Morgan in a research report on Thursday, July 21st. Zacks Investment Research upgraded Kinder Morgan from a strong sell rating to a hold rating in a research report on Monday, June 20th. Credit Suisse Group AG set a $23.00 price objective on Kinder Morgan and gave the company a hold rating in a research report on Wednesday, July 20th. Finally, Barclays PLC upped their price objective on Kinder Morgan from $20.00 to $25.00 and gave the company an overweight rating in a research report on Monday, July 18th. Twelve analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Kinder Morgan presently has an average rating of Hold and a consensus price target of $21.19.
Shares of Kinder Morgan (NYSE:KMI) traded down 0.95% during trading on Tuesday, hitting $21.88. The company had a trading volume of 1,434,443 shares. Kinder Morgan has a 52 week low of $11.20 and a 52 week high of $32.87. The stock has a market capitalization of $48.84 billion, a P/E ratio of 781.43 and a beta of 0.69. The firm’s 50 day moving average is $22.10 and its 200-day moving average is $19.50.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. Kinder Morgan had a return on equity of 4.82% and a net margin of 1.63%. The company earned $3.14 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same period in the prior year, the company earned $0.16 earnings per share. The firm’s revenue was down 9.2% on a year-over-year basis. Equities research analysts anticipate that Kinder Morgan will post $0.67 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CapWealth Advisors LLC increased its position in shares of Kinder Morgan by 26.5% in the first quarter. CapWealth Advisors LLC now owns 15,891 shares of the company’s stock worth $284,000 after buying an additional 3,329 shares during the last quarter. Brookfield Asset Management Inc. increased its stake in Kinder Morgan by 117.6% in the first quarter. Brookfield Asset Management Inc. now owns 4,645,250 shares of the company’s stock valued at $82,964,000 after buying an additional 2,510,767 shares in the last quarter. Advisor Partners LLC increased its stake in Kinder Morgan by 78.9% in the first quarter. Advisor Partners LLC now owns 34,589 shares of the company’s stock valued at $618,000 after buying an additional 15,258 shares in the last quarter. Bessemer Group Inc. increased its stake in Kinder Morgan by 65.8% in the first quarter. Bessemer Group Inc. now owns 46,283 shares of the company’s stock valued at $826,000 after buying an additional 18,360 shares in the last quarter. Finally, Hikari Power Ltd acquired a new stake in Kinder Morgan during the first quarter valued at approximately $1,765,000. 54.61% of the stock is currently owned by hedge funds and other institutional investors.
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 & 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 companies with MarketBeat.com's FREE daily email newsletter.