Kinder Morgan, Inc. (NYSE:KMI) had its price objective lowered by Citigroup Inc. from $23.00 to $21.00 in a research note released on Tuesday, October 17th. Citigroup Inc. currently has a neutral rating on the pipeline company’s stock.
Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Kinder Morgan from a hold rating to a sell rating in a research note on Tuesday, July 11th. Morgan Stanley reissued an overweight rating on shares of Kinder Morgan in a research report on Tuesday, September 5th. Goldman Sachs Group, Inc. (The) downgraded shares of Kinder Morgan from a buy rating to a neutral rating and boosted their target price for the stock from $18.81 to $22.00 in a research report on Tuesday, October 17th. BMO Capital Markets set a $26.00 price target on shares of Kinder Morgan and gave the stock a buy rating in a report on Tuesday, June 20th. Finally, Royal Bank Of Canada dropped their target price on shares of Kinder Morgan from $25.00 to $22.00 and set a sector perform rating on the stock in a research note on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. Kinder Morgan currently has a consensus rating of Hold and a consensus price target of $23.03.
Shares of Kinder Morgan (KMI) traded up $0.36 during trading on Tuesday, reaching $18.10. 8,038,718 shares of the company’s stock were exchanged, compared to its average volume of 11,390,000. The firm has a market capitalization of $40,370.00, a price-to-earnings ratio of 27.29, a P/E/G ratio of 1.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.42 and a quick ratio of 0.35. Kinder Morgan has a 1 year low of $17.59 and a 1 year high of $23.01.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 18th. The pipeline company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same quarter in the previous year, the business earned ($0.10) earnings per share. Kinder Morgan’s revenue was down 1.5% compared to the same quarter last year. research analysts expect that Kinder Morgan will post 0.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be paid a dividend of $0.125 per share. The ex-dividend date is Monday, October 30th. This represents a $0.50 dividend on an annualized basis and a yield of 2.76%. Kinder Morgan’s dividend payout ratio is currently 89.29%.
Kinder Morgan announced that its Board of Directors has initiated a share repurchase plan on Wednesday, July 19th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the pipeline company to reacquire up to 4.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
Several hedge funds and other institutional investors have recently made changes to their positions in KMI. Vanguard Group Inc. boosted its holdings in shares of Kinder Morgan by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 138,904,165 shares of the pipeline company’s stock valued at $3,019,777,000 after acquiring an additional 6,222,962 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings in Kinder Morgan by 45.9% during the second quarter. Commonwealth Bank of Australia now owns 19,733,993 shares of the pipeline company’s stock valued at $378,101,000 after purchasing an additional 6,205,165 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Kinder Morgan by 133.5% during the second quarter. Renaissance Technologies LLC now owns 8,210,372 shares of the pipeline company’s stock valued at $157,311,000 after purchasing an additional 4,694,441 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Kinder Morgan by 56.2% during the first quarter. Dimensional Fund Advisors LP now owns 9,683,643 shares of the pipeline company’s stock valued at $210,507,000 after purchasing an additional 3,483,039 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in Kinder Morgan by 49.5% during the first quarter. TIAA CREF Investment Management LLC now owns 10,086,045 shares of the pipeline company’s stock valued at $219,271,000 after purchasing an additional 3,340,309 shares in the last quarter. 59.13% of the stock is currently owned by hedge funds and other institutional investors.
Kinder Morgan Company Profile
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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