Kinder Morgan (NYSE:KMI) was upgraded by stock analysts at Sanford C. Bernstein to an “outperform” rating in a note issued to investors on Tuesday, The Fly reports.
Several other equities analysts also recently commented on the company. Barclays cut their target price on Kinder Morgan from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, April 17th. Bank of America restated a “buy” rating and set a $16.17 target price (down previously from $20.00) on shares of Kinder Morgan in a research report on Thursday, April 19th. Stifel Nicolaus cut their target price on Kinder Morgan from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Monday, April 30th. Wells Fargo & Co upgraded Kinder Morgan from a “market perform” rating to a “buy” rating in a research report on Wednesday, June 20th. Finally, Deutsche Bank began coverage on Kinder Morgan in a research report on Thursday, April 19th. They set a “buy” rating and a $21.00 target price for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $20.82.
Shares of NYSE:KMI opened at $17.17 on Tuesday. Kinder Morgan has a 1-year low of $14.69 and a 1-year high of $21.25. The company has a market cap of $38.36 billion, a PE ratio of 26.02, a PEG ratio of 1.91 and a beta of 0.64. The company has a current ratio of 0.48, a quick ratio of 0.40 and a debt-to-equity ratio of 1.01.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 18th. The pipeline company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Kinder Morgan had a return on equity of 4.57% and a net margin of 1.95%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter last year, the firm earned $0.17 EPS. Kinder Morgan’s revenue for the quarter was down .2% compared to the same quarter last year. research analysts expect that Kinder Morgan will post 0.87 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of KMI. First Pacific Advisors LLC bought a new stake in shares of Kinder Morgan during the first quarter worth $246,833,000. Abrams Capital Management L.P. bought a new stake in shares of Kinder Morgan during the first quarter worth $127,598,000. Clearbridge Investments LLC raised its position in shares of Kinder Morgan by 125.7% during the fourth quarter. Clearbridge Investments LLC now owns 12,648,613 shares of the pipeline company’s stock worth $228,560,000 after acquiring an additional 7,043,594 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Kinder Morgan by 193.5% during the fourth quarter. Mackenzie Financial Corp now owns 8,456,050 shares of the pipeline company’s stock worth $152,801,000 after acquiring an additional 5,574,481 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Kinder Morgan by 9.2% during the first quarter. Franklin Resources Inc. now owns 45,446,733 shares of the pipeline company’s stock worth $684,415,000 after acquiring an additional 3,839,865 shares during the last quarter. Hedge funds and other institutional investors own 61.50% of the company’s stock.
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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