Stifel Nicolaus restated their buy rating on shares of Kinder Morgan, Inc. (NYSE:KMI) in a report issued on Friday morning. They currently have a $25.00 price objective on the pipeline company’s stock.
A number of other equities research analysts have also weighed in on KMI. BidaskClub upgraded shares of Kinder Morgan from a strong sell rating to a sell rating in a report on Wednesday, July 5th. Zacks Investment Research downgraded shares of Kinder Morgan from a hold rating to a sell rating in a research report on Tuesday, July 11th. Jefferies Group LLC reaffirmed a hold rating and issued a $23.00 target price on shares of Kinder Morgan in a research report on Friday, June 23rd. Sanford C. Bernstein assumed coverage on shares of Kinder Morgan in a research report on Tuesday, May 16th. They issued a market perform rating on the stock. Finally, Royal Bank Of Canada dropped their target price on shares of Kinder Morgan from $25.00 to $22.00 and set a sector perform rating on the stock in a research report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $24.22.
Kinder Morgan (NYSE:KMI) traded down 0.588% during trading on Friday, reaching $19.435. 4,505,888 shares of the company’s stock traded hands. Kinder Morgan has a 12-month low of $18.31 and a 12-month high of $23.36. The company has a market cap of $43.39 billion, a PE ratio of 64.354 and a beta of 0.63. The company has a 50 day moving average price of $19.12 and a 200-day moving average price of $20.89.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 19th. The pipeline company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.01. Kinder Morgan had a net margin of 6.27% and a return on equity of 4.62%. The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the previous year, the business posted $0.12 earnings per share. Kinder Morgan’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities research analysts forecast that Kinder Morgan will post $0.66 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Stifel Nicolaus Reaffirms Buy Rating for Kinder Morgan, Inc. (NYSE:KMI)” was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://stocknewstimes.com/2017/07/18/stifel-nicolaus-reaffirms-buy-rating-for-kinder-morgan-inc-nysekmi.html.
In other news, VP Dax Sanders bought 2,600 shares of Kinder Morgan stock in a transaction dated Tuesday, May 30th. The stock was bought at an average price of $18.60 per share, for a total transaction of $48,360.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Richard D. Kinder bought 500,000 shares of Kinder Morgan stock in a transaction dated Tuesday, May 30th. The stock was purchased at an average price of $18.58 per share, with a total value of $9,290,000.00. Following the purchase, the insider now directly owns 234,712,353 shares in the company, valued at approximately $4,360,955,518.74. The disclosure for this purchase can be found here. Company insiders own 13.99% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its stake in Kinder Morgan by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 119,100 shares of the pipeline company’s stock valued at $2,282,000 after buying an additional 1,100 shares during the period. Spirit of America Management Corp NY boosted its stake in Kinder Morgan by 10.9% in the second quarter. Spirit of America Management Corp NY now owns 665,994 shares of the pipeline company’s stock valued at $12,760,000 after buying an additional 65,500 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management boosted its stake in Kinder Morgan by 50.2% in the second quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 73,483 shares of the pipeline company’s stock valued at $1,408,000 after buying an additional 24,548 shares during the period. LS Investment Advisors LLC boosted its stake in Kinder Morgan by 4.1% in the second quarter. LS Investment Advisors LLC now owns 97,023 shares of the pipeline company’s stock valued at $1,859,000 after buying an additional 3,782 shares during the period. Finally, CWM LLC boosted its stake in Kinder Morgan by 770.5% in the second quarter. CWM LLC now owns 8,052 shares of the pipeline company’s stock valued at $154,000 after buying an additional 7,127 shares during the period. Institutional investors own 57.53% of the company’s stock.
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.
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.
