Kinder Morgan Inc. (KMI) Stock Rating Reaffirmed by Deutsche Bank AG
Kinder Morgan Inc. (NYSE:KMI)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank AG in a note issued to investors on Wednesday.
A number of other analysts also recently issued reports on the company. Vetr raised Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $24.21 price objective on the stock in a research note on Monday. BMO Capital Markets downgraded Kinder Morgan to a “buy” rating in a research report on Tuesday, November 22nd. Wolfe Research downgraded Kinder Morgan to a “buy” rating in a research report on Tuesday, November 22nd. Raymond James Financial Inc. raised Kinder Morgan from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $23.00 to $27.00 in a research report on Monday, October 24th. Finally, SunTrust Banks Inc. reissued a “buy” rating on shares of Kinder Morgan in a research report on Sunday, October 23rd. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Kinder Morgan currently has a consensus rating of “Buy” and a consensus price target of $22.33.
Shares of Kinder Morgan (NYSE:KMI) traded up 3.575% during mid-day trading on Wednesday, reaching $22.165. The company had a trading volume of 19,450,660 shares. The firm has a 50-day moving average price of $20.96 and a 200-day moving average price of $20.35. The stock’s market capitalization is $49.48 billion. Kinder Morgan has a 1-year low of $11.20 and a 1-year high of $23.62.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.25. Kinder Morgan had a positive return on equity of 4.69% and a negative net margin of 1.13%. The firm earned $3.33 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the firm earned $0.08 EPS. The business’s revenue was down 10.2% compared to the same quarter last year. Equities analysts expect that Kinder Morgan will post $0.64 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.34%. The ex-dividend date was Friday, October 28th. Kinder Morgan’s dividend payout ratio is currently -416.67%.
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In other Kinder Morgan news, Director Fayez Sarofim bought 700,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, October 24th. The shares were bought at an average cost of $21.41 per share, with a total value of $14,987,000.00. Following the transaction, the director now directly owns 29,142,387 shares of the company’s stock, valued at approximately $623,938,505.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.97% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in KMI. BlueMountain Capital Management LLC raised its position in shares of Kinder Morgan by 116.3% in the first quarter. BlueMountain Capital Management LLC now owns 29,524 shares of the company’s stock valued at $527,000 after buying an additional 15,873 shares in the last quarter. Cullinan Associates Inc. acquired a new position in shares of Kinder Morgan during the second quarter valued at about $212,000. Merriman Wealth Management LLC acquired a new position in shares of Kinder Morgan during the second quarter valued at about $1,241,000. British Columbia Investment Management Corp raised its position in shares of Kinder Morgan by 2.4% in the second quarter. British Columbia Investment Management Corp now owns 1,291,070 shares of the company’s stock valued at $24,169,000 after buying an additional 30,330 shares in the last quarter. Finally, DNB Asset Management AS raised its position in shares of Kinder Morgan by 2.5% in the second quarter. DNB Asset Management AS now owns 165,773 shares of the company’s stock valued at $3,103,000 after buying an additional 4,100 shares in the last quarter. 54.05% of the stock is currently owned by institutional investors.
About Kinder Morgan
Kinder Morgan, Inc (KMI) is an energy infrastructure company in North America. The Company segments include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Company’s Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.
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