Shares of Kinder Morgan Inc (NYSE:KMI) have been given a consensus recommendation of “Buy” by the twenty-three research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, eighteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $21.55.
Several brokerages recently issued reports on KMI. Evercore ISI began coverage on shares of Kinder Morgan in a report on Tuesday. They issued an “outperform” rating on the stock. ValuEngine upgraded shares of Kinder Morgan from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Argus restated a “buy” rating and issued a $23.00 price objective on shares of Kinder Morgan in a report on Tuesday, January 22nd. TheStreet upgraded shares of Kinder Morgan from a “c” rating to a “b-” rating in a report on Wednesday, January 16th. Finally, Jefferies Financial Group upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating in a report on Thursday, December 20th.
In other news, Chairman Richard D. Kinder bought 100,000 shares of the company’s stock in a transaction on Thursday, January 31st. The stock was bought at an average cost of $18.05 per share, with a total value of $1,805,000.00. Following the transaction, the chairman now directly owns 235,427,613 shares in the company, valued at approximately $4,249,468,414.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard D. Kinder bought 150,000 shares of the company’s stock in a transaction on Monday, February 4th. The stock was purchased at an average cost of $18.31 per share, with a total value of $2,746,500.00. Following the completion of the transaction, the insider now owns 235,777,613 shares in the company, valued at $4,317,088,094.03. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 700,000 shares of company stock valued at $12,643,500. 14.16% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Intercontinental Wealth Advisors LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth about $28,000. Cornerstone Advisors Inc. grew its position in shares of Kinder Morgan by 129.8% during the fourth quarter. Cornerstone Advisors Inc. now owns 1,896 shares of the pipeline company’s stock worth $29,000 after buying an additional 1,071 shares in the last quarter. Bedel Financial Consulting Inc. grew its position in shares of Kinder Morgan by 573.6% during the fourth quarter. Bedel Financial Consulting Inc. now owns 1,987 shares of the pipeline company’s stock worth $31,000 after buying an additional 1,692 shares in the last quarter. Avestar Capital LLC grew its position in shares of Kinder Morgan by 83.5% during the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the pipeline company’s stock worth $27,000 after buying an additional 985 shares in the last quarter. Finally, Spence Asset Management acquired a new position in shares of Kinder Morgan during the fourth quarter worth about $37,000. 60.83% of the stock is owned by institutional investors.
KMI traded up $0.06 on Friday, hitting $18.02. The company had a trading volume of 8,613,331 shares, compared to its average volume of 15,624,090. The firm has a market cap of $39.62 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 2.41 and a beta of 0.89. Kinder Morgan has a 1 year low of $14.62 and a 1 year high of $18.67. The company has a current ratio of 0.76, a quick ratio of 0.98 and a debt-to-equity ratio of 0.98.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.79 billion. Kinder Morgan had a net margin of 11.38% and a return on equity of 5.86%. Kinder Morgan’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. Equities research analysts forecast that Kinder Morgan will post 1 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend is Wednesday, January 30th. Kinder Morgan’s dividend payout ratio is currently 89.89%.
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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