Wolfe Research began coverage on shares of Kinder Morgan Inc. (NYSE:KMI) in a research report report published on Friday morning. The firm issued a hold rating and a $24.00 price target on the stock.
KMI has been the subject of a number of other reports. Vetr lowered Kinder Morgan from a buy rating to a hold rating and set a $19.13 target price for the company. in a research report on Wednesday, June 29th. Credit Suisse Group AG reiterated a hold rating on shares of Kinder Morgan in a report on Tuesday, July 12th. Stifel Nicolaus downgraded Kinder Morgan from a buy rating to a hold rating and set a $24.00 price target on the stock. in a report on Tuesday, October 4th. Finally, Zacks Investment Research upgraded Kinder Morgan from a strong sell rating to a hold rating in a report on Monday, June 20th. Thirteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Kinder Morgan has an average rating of Hold and an average target price of $21.35.
Shares of Kinder Morgan (NYSE:KMI) opened at 20.82 on Friday. The company has a market capitalization of $46.48 billion, a PE ratio of 743.57 and a beta of 0.69. The stock’s 50 day moving average price is $22.02 and its 200-day moving average price is $19.58. Kinder Morgan has a 1-year low of $11.20 and a 1-year high of $32.79.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.15. The business earned $3.14 billion during the quarter, compared to analyst estimates of $3.45 billion. Kinder Morgan had a return on equity of 4.82% and a net margin of 1.63%. Kinder Morgan’s revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 EPS. On average, equities analysts predict that Kinder Morgan will post $0.67 EPS for the current year.
Several institutional investors have recently modified their holdings of KMI. Hudock Capital Group LLC boosted its position in shares of Kinder Morgan by 12.0% in the second quarter. Hudock Capital Group LLC now owns 5,394 shares of the company’s stock valued at $100,000 after buying an additional 576 shares during the period. Stelac Advisory Services LLC acquired a new position in Kinder Morgan during the first quarter worth $110,000. Huntington Asset Advisors Inc. acquired a new position in Kinder Morgan during the first quarter worth $111,000. Hallmark Capital Management Inc. acquired a new position in Kinder Morgan during the second quarter worth $157,000. Finally, PineBridge Investments L.P. boosted its position in Kinder Morgan by 465.2% in the second quarter. PineBridge Investments L.P. now owns 9,258 shares of the company’s stock worth $173,000 after buying an additional 7,620 shares during the last quarter. 54.61% of the stock is owned by institutional investors and hedge funds.
Kinder Morgan Company Profile