Kinder Morgan Inc (KMI) Lifted to Strong-Buy at Vetr Inc.
Other equities analysts have also issued reports about the company. Zacks Investment Research raised Kinder Morgan from a sell rating to a hold rating in a research report on Monday, January 16th. Royal Bank of Canada reaffirmed a hold rating and set a $25.00 target price on shares of Kinder Morgan in a research report on Friday, January 6th. Raymond James Financial, Inc. reaffirmed a strong-buy rating on shares of Kinder Morgan in a research report on Wednesday, December 7th. Credit Suisse Group AG reaffirmed an outperform rating and set a $28.00 target price (up from $26.00) on shares of Kinder Morgan in a research report on Sunday, December 4th. Finally, Deutsche Bank AG reaffirmed a buy rating on shares of Kinder Morgan in a research report on Wednesday, November 30th. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Kinder Morgan currently has an average rating of Buy and an average target price of $23.31.
Shares of Kinder Morgan (NYSE:KMI) traded down 0.33% during midday trading on Tuesday, reaching $21.21. The company’s stock had a trading volume of 2,578,449 shares. Kinder Morgan has a one year low of $16.63 and a one year high of $23.36. The stock has a market cap of $47.35 billion, a PE ratio of 86.22 and a beta of 0.73. The firm has a 50-day moving average of $21.89 and a 200-day moving average of $21.61.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.10. Kinder Morgan had a net margin of 5.12% and a return on equity of 4.20%. The business earned $3.39 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same period last year, the firm posted ($0.29) earnings per share. Kinder Morgan’s quarterly revenue was down 6.8% compared to the same quarter last year. On average, analysts forecast that Kinder Morgan will post $0.67 EPS for the current year.
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Institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Kinder Morgan during the fourth quarter worth $365,669,000. Russell Investments Group Ltd. purchased a new position in shares of Kinder Morgan during the fourth quarter worth $164,371,000. Highfields Capital Management LP purchased a new position in shares of Kinder Morgan during the fourth quarter worth $98,373,000. Commonwealth Bank of Australia boosted its position in shares of Kinder Morgan by 49.0% in the third quarter. Commonwealth Bank of Australia now owns 11,453,184 shares of the company’s stock worth $264,912,000 after buying an additional 3,766,865 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position in shares of Kinder Morgan by 100.9% in the third quarter. APG Asset Management N.V. now owns 6,618,227 shares of the company’s stock worth $153,080,000 after buying an additional 3,324,100 shares in the last quarter. 55.78% of the stock is currently owned by institutional investors.
About Kinder Morgan
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.
To view Vetr’s full report, visit Vetr’s official website.
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