Kinder Morgan, Inc. (NYSE:KMI – Get Free Report) hit a new 52-week high on Wednesday after Scotiabank raised their price target on the stock from $19.00 to $21.00. Scotiabank currently has a sector perform rating on the stock. Kinder Morgan traded as high as $20.56 and last traded at $20.51, with a volume of 13913072 shares traded. The stock had previously closed at $20.24.
Several other research firms have also recently commented on KMI. Truist Financial restated a “hold” rating and issued a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. UBS Group increased their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $18.00 to $22.00 in a report on Tuesday, June 4th. Finally, Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.
View Our Latest Research Report on Kinder Morgan
Insiders Place Their Bets
Institutional Investors Weigh In On Kinder Morgan
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. True Wealth Design LLC lifted its stake in shares of Kinder Morgan by 3,655.3% in the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after buying an additional 1,389 shares during the last quarter. Altshuler Shaham Ltd bought a new position in Kinder Morgan in the 4th quarter worth $26,000. Activest Wealth Management acquired a new position in Kinder Morgan during the 4th quarter worth $30,000. Pathway Financial Advisers LLC acquired a new position in Kinder Morgan during the 1st quarter worth $30,000. Finally, OFI Invest Asset Management bought a new stake in Kinder Morgan during the first quarter valued at about $31,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.
Kinder Morgan Trading Up 1.4 %
The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $45.55 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 3.18 and a beta of 0.93. The company has a 50-day moving average price of $19.65 and a 200-day moving average price of $18.43.
Kinder Morgan (NYSE:KMI – Get Free Report) last released its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the firm posted $0.30 EPS. The company’s revenue was down 1.2% on a year-over-year basis. Research analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.
Featured Articles
- Five stocks we like better than Kinder Morgan
- What is a Death Cross in Stocks?
- Real Estate Stock Signals a Boom in Manufacturing Activity
- What is a Low P/E Ratio and What Does it Tell Investors?
- This Medical Giant’s Stock Rebounds: A 15% Upside Is the Minimum
- Dividend Capture Strategy: What You Need to Know
- Financial Giant’s Shares Soar on EPS Beat and Record Asset Levels
Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.