Vetr lowered shares of Kinder Morgan, Inc. (NYSE:KMI) from a strong-buy rating to a buy rating in a report published on Tuesday morning. Vetr currently has $24.92 target price on the stock.
Other equities analysts have also recently issued reports about the company. Stifel Nicolaus cut Kinder Morgan from a buy rating to a hold rating and set a $24.00 price target for the company. in a report on Tuesday, October 4th. Zacks Investment Research raised Kinder Morgan from a sell rating to a hold rating in a report on Monday, January 16th. Wolfe Research started coverage on Kinder Morgan in a report on Friday, October 7th. They issued a hold rating and a $24.00 price target for the company. BMO Capital Markets cut Kinder Morgan to a buy rating in a report on Tuesday, November 22nd. Finally, RBC Capital Markets reissued a hold rating and issued a $25.00 price target on shares of Kinder Morgan in a report on Friday, January 6th. Eleven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Kinder Morgan has an average rating of Buy and an average price target of $22.98.
Shares of Kinder Morgan (NYSE:KMI) traded down 0.75% on Tuesday, reaching $22.45. 6,110,058 shares of the company’s stock were exchanged. The company has a market cap of $50.06 billion, a price-to-earnings ratio of 90.52 and a beta of 0.71. The firm’s 50-day moving average price is $21.52 and its 200 day moving average price is $21.36. Kinder Morgan has a 12 month low of $13.26 and a 12 month high of $23.36.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.10. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.53 billion. Kinder Morgan had a return on equity of 4.20% and a net margin of 5.12%. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.29) earnings per share. Equities research analysts predict that Kinder Morgan will post $0.70 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Wednesday, February 1st will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Monday, January 30th. Kinder Morgan’s dividend payout ratio is currently 200.00%.
A number of hedge funds and other institutional investors have recently modified their holdings of KMI. Burke & Herbert Bank & Trust Co. increased its position in shares of Kinder Morgan by 9.3% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 11,759 shares of the company’s stock worth $220,000 after buying an additional 1,000 shares in the last quarter. CG Asset Management LLC increased its position in shares of Kinder Morgan by 7.8% in the second quarter. CG Asset Management LLC now owns 19,550 shares of the company’s stock worth $366,000 after buying an additional 1,411 shares in the last quarter. First National Trust Co. increased its position in shares of Kinder Morgan by 28.7% in the second quarter. First National Trust Co. now owns 30,748 shares of the company’s stock worth $576,000 after buying an additional 6,858 shares in the last quarter. ING Groep NV increased its position in shares of Kinder Morgan by 22.8% in the second quarter. ING Groep NV now owns 140,276 shares of the company’s stock worth $2,626,000 after buying an additional 26,020 shares in the last quarter. Finally, Agran Libbie increased its position in shares of Kinder Morgan by 9.6% in the second quarter. Agran Libbie now owns 241,973 shares of the company’s stock worth $4,530,000 after buying an additional 21,160 shares in the last quarter. 54.97% of the stock is owned by hedge funds and other institutional investors.
Kinder Morgan Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.