The Kinder Morgan Inc. (KMI) Short Interest Down 10.4% in September

The Kinder Morgan Inc. (KMI) Short Interest Down 10.4% in September

Kinder Morgan Inc. (NYSE:KMI) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 30,512,423 shares, a decrease of 10.4% from the September 15th total of 34,037,996 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average daily trading volume, of 16,815,676 shares, the short-interest ratio is presently 1.8 days.

Shares of Kinder Morgan (NYSE:KMI) opened at 20.19 on Tuesday. The firm has a market cap of $45.07 billion, a PE ratio of 721.07 and a beta of 0.69. The stock’s 50 day moving average is $21.87 and its 200-day moving average is $19.66. Kinder Morgan has a 1-year low of $11.20 and a 1-year high of $32.20.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. The firm earned $3.14 billion during the quarter, compared to analyst estimates of $3.45 billion. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. The company’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter last year, the business earned $0.16 earnings per share. Analysts expect that Kinder Morgan will post $0.67 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the company. Stockman Asset Management raised its position in shares of Kinder Morgan by 0.5% in the first quarter. Stockman Asset Management now owns 14,525 shares of the company’s stock worth $259,000 after buying an additional 76 shares in the last quarter. Fairfield Bush & CO. raised its position in shares of Kinder Morgan by 0.3% in the second quarter. Fairfield Bush & CO. now owns 31,950 shares of the company’s stock worth $598,000 after buying an additional 80 shares in the last quarter. Ngam Advisors L.P. raised its position in shares of Kinder Morgan by 0.7% in the second quarter. Ngam Advisors L.P. now owns 27,744 shares of the company’s stock worth $519,000 after buying an additional 184 shares in the last quarter. CapWealth Advisors LLC raised its position in shares of Kinder Morgan by 1.5% in the second quarter. CapWealth Advisors LLC now owns 16,134 shares of the company’s stock worth $302,000 after buying an additional 243 shares in the last quarter. Finally, Ronna Sue Cohen raised its position in shares of Kinder Morgan by 0.5% in the third quarter. Ronna Sue Cohen now owns 52,817 shares of the company’s stock worth $1,222,000 after buying an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 54.58% of the company’s stock.

Several equities research analysts have weighed in on KMI shares. Zacks Investment Research upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Monday, June 20th. Vetr lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $18.82 target price on the stock. in a report on Tuesday, June 21st. TheStreet upgraded shares of Kinder Morgan from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Deutsche Bank AG reiterated a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 29th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Kinder Morgan in a report on Tuesday, July 12th. Thirteen equities research 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 a consensus rating of “Hold” and an average price target of $21.35.

Kinder Morgan Company Profile

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