The Kinder Morgan Inc. (KMI) Earns Hold Rating from Analysts at Wolfe Research

The Kinder Morgan Inc. (KMI) Earns Hold Rating from Analysts at Wolfe Research

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

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