Kinder Morgan (KMI) Downgraded by Raymond James to Outperform

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Raymond James downgraded shares of Kinder Morgan (NYSE:KMI) from a strong-buy rating to an outperform rating in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. The analysts noted that the move was a valuation call.

A number of other research analysts have also issued reports on KMI. Jefferies Financial Group upgraded shares of Kinder Morgan from a hold rating to a buy rating in a research note on Thursday, December 20th. TheStreet raised shares of Kinder Morgan from a c rating to a b- rating in a report on Wednesday, January 16th. Argus reissued a buy rating and issued a $23.00 price target on shares of Kinder Morgan in a report on Tuesday, January 22nd. ValuEngine raised shares of Kinder Morgan from a sell rating to a hold rating in a report on Monday, February 4th. Finally, Evercore ISI initiated coverage on shares of Kinder Morgan in a report on Tuesday, February 5th. They set an outperform rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $21.32.

NYSE:KMI opened at $19.81 on Tuesday. Kinder Morgan has a 1 year low of $14.62 and a 1 year high of $20.44. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $43.66 billion, a P/E ratio of 22.26, a PEG ratio of 2.63 and a beta of 0.96.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. Kinder Morgan had a net margin of 11.38% and a return on equity of 5.86%. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the business posted $0.21 EPS. Kinder Morgan’s revenue was up 4.1% compared to the same quarter last year. Research analysts forecast that Kinder Morgan will post 1 EPS for the current year.

In other news, insider Richard D. Kinder acquired 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 29th. The stock was purchased at an average price of $17.92 per share, for a total transaction of $896,000.00. Following the completion of the acquisition, the insider now owns 235,262,353 shares in the company, valued at $4,215,901,365.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Deborah Macdonald acquired 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were purchased at an average price of $19.89 per share, with a total value of $49,725.00. Following the acquisition, the director now owns 25,328 shares of the company’s stock, valued at approximately $503,773.92. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 3,090,912 shares of company stock valued at $58,877,514. 13.95% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Kinder Morgan by 1.1% during the third quarter. Vanguard Group Inc. now owns 146,125,762 shares of the pipeline company’s stock valued at $2,590,809,000 after purchasing an additional 1,648,894 shares during the period. Vanguard Group Inc lifted its stake in Kinder Morgan by 1.1% in the third quarter. Vanguard Group Inc now owns 146,125,762 shares of the pipeline company’s stock valued at $2,590,809,000 after buying an additional 1,648,894 shares in the last quarter. BlackRock Inc. lifted its stake in Kinder Morgan by 7.4% in the fourth quarter. BlackRock Inc. now owns 136,557,027 shares of the pipeline company’s stock valued at $2,100,249,000 after buying an additional 9,360,355 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in Kinder Morgan by 31.7% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 23,778,981 shares of the pipeline company’s stock valued at $365,721,000 after buying an additional 5,716,899 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Kinder Morgan by 8.1% in the fourth quarter. Geode Capital Management LLC now owns 23,513,119 shares of the pipeline company’s stock valued at $360,962,000 after buying an additional 1,758,792 shares in the last quarter. Hedge funds and other institutional investors own 64.93% of the company’s stock.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 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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