Kinder Morgan, Inc. (NYSE: KMI – Get Rating) has received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $ 20.33.
A number of brokerages recently weighed in on KMI. Mizuho boosted their price objective on shares of Kinder Morgan from $ 21.00 to $ 22.00 in a research report on Thursday, April 21st. US Capital Advisors restated a “hold” rating on shares of Kinder Morgan in a research report on Wednesday, June 1st. Wolfe Research cut shares of Kinder Morgan from a “peer perform” rating to an “underperform” rating and upped their target price for the stock from $ 17.00 to $ 18.00 in a research report on Monday, April 11th. StockNews.com assumed coverage on shares of Kinder Morgan in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Wells Fargo & Company reduced their target price on shares of Kinder Morgan to $ 20.00 and set an “equal weight” rating for the company in a research report on Friday, May 20th.
Shares of NYSE: KMI opened at $ 16.05 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 0.91. Kinder Morgan has a fifty-two week low of $ 15.01 and a fifty-two week high of $ 20.20. The firm has a 50-day simple moving average of $ 18.97 and a 200 day simple moving average of $ 17.89. The company has a market cap of $ 36.39 billion, a PE ratio of 35.67, a P / E / G ratio of 4.69 and a beta of 0.90.
Kinder Morgan (NYSE: KMI – Get Rating) last announced its quarterly earnings data on Wednesday, April 20th. The pipeline company reported $ 0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $ 0.27 by $ 0.05. Kinder Morgan had a net margin of 6.64% and a return on equity of 7.51%. The business had revenue of $ 4.29 billion during the quarter, compared to the estimate consensus of $ 3.66 billion. During the same quarter in the prior year, the firm earned $ 0.60 EPS. The company revenue for the quarter was down 17.6% compared to the same quarter last year. As a group, research analysts forecast that Kinder Morgan will post 1.14 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 16th. Stockholders of record on Monday, May 2nd were issued a $ 0.2775 dividend. The ex-dividend date was Friday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $ 0.27. This represents a $ 1.11 annualized dividend and a dividend yield of 6.92%. Kinder Morgan’s dividend payout ratio (DPR) is 246.67%.
In other news, VP John W. Schlosser sold 1,500 shares of the stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $ 18.51, for a total value of $ 27,765.00. Following the completion of the transaction, the vice president now directly owns 33,219 shares in the company, valued at $ 614,883.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Dax Sanders sold 91,129 shares of the stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $ 19.51, for a total transaction of $ 1,777,926.79. Following the sale, the vice president now directly owns 204,105 shares of the company stock, valued at $ 3,982,088.55. The disclosure for this sale can be found here. Insiders sold 95,629 shares of company stock valued at $ 1,862,017 over the last quarter. Insiders own 12.51% of the company stock.
Hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein LP lifted its stake in Kinder Morgan by 0.4% during the fourth quarter. Alliancebernstein LP now owns 2,916,355 shares of the pipeline company stock valued at $ 46,253,000 after purchasing an additional 12,278 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Kinder Morgan by 46.6% during the fourth quarter. Advisors Asset Management Inc. now owns 639,751 shares of the pipeline company stock valued at $ 10,146,000 after purchasing an additional 203,461 shares during the last quarter. Silver Lake Advisory LLC lifted its stake in Kinder Morgan by 37.2% during the fourth quarter. Silver Lake Advisory LLC now owns 149,427 shares of the pipeline company stock valued at $ 2,370,000 after purchasing an additional 40,536 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Kinder Morgan by 4.6% in the 4th quarter. CIBC Asset Management Inc now owns 198,552 shares of the pipeline company stock valued at $ 3,149,000 after acquiring an additional 8,702 shares in the last quarter. Finally, Camden Capital LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $ 490,000. 58.53% of the stock is owned by institutional investors and hedge funds.
About Kinder Morgan: (Get Rating)
Kinder Morgan, Inc. operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas collection systems and natural gas processing and treatment facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.
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