Shares of Kinder Morgan (NYSE:KMI) have received a consensus recommendation of “Buy” from the twenty-one ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $20.94.
Several analysts recently weighed in on the company. Wells Fargo & Co upgraded Kinder Morgan from a “market perform” rating to a “buy” rating in a report on Wednesday. ValuEngine upgraded Kinder Morgan from a “strong sell” rating to a “sell” rating in a report on Thursday. Raymond James upgraded Kinder Morgan from a “market perform” rating to an “outperform” rating in a report on Monday. Bank of America restated a “buy” rating and issued a $16.17 price objective (down from $20.00) on shares of Kinder Morgan in a report on Thursday, April 19th. Finally, Deutsche Bank assumed coverage on Kinder Morgan in a report on Thursday, April 19th. They issued a “buy” rating and a $21.00 price objective for the company.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. grew its stake in Kinder Morgan by 9.2% in the first quarter. Franklin Resources Inc. now owns 45,446,733 shares of the pipeline company’s stock valued at $684,415,000 after purchasing an additional 3,839,865 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Kinder Morgan by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 19,319,338 shares of the pipeline company’s stock worth $348,322,000 after acquiring an additional 513,245 shares during the last quarter. First Pacific Advisors LLC purchased a new stake in shares of Kinder Morgan during the first quarter worth about $246,833,000. Tortoise Capital Advisors L.L.C. grew its stake in shares of Kinder Morgan by 2.8% during the first quarter. Tortoise Capital Advisors L.L.C. now owns 16,069,555 shares of the pipeline company’s stock worth $242,007,000 after acquiring an additional 431,567 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Kinder Morgan by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 15,160,846 shares of the pipeline company’s stock worth $228,322,000 after acquiring an additional 69,680 shares during the last quarter. Institutional investors own 61.49% of the company’s stock.
KMI stock opened at $17.16 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.48 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $38.58 billion, a P/E ratio of 26.00, a PEG ratio of 1.92 and a beta of 0.64. Kinder Morgan has a 1-year low of $14.69 and a 1-year high of $21.25.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 18th. The pipeline company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.56 billion. Kinder Morgan had a return on equity of 4.57% and a net margin of 1.95%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. sell-side analysts anticipate that Kinder Morgan will post 0.87 EPS for the current fiscal year.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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