Kinder Morgan (NYSE:KMI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage currently has a $19.00 price objective on the pipeline company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 15.50% from the company’s current price.
According to Zacks, “Kinder Morgan has the largest network of natural gas pipeline in North America that spreads over almost 70,000 miles. Most importantly, the company’s midstream properties are linked to all the prospective plays in the United States that are rich in natural gas. These extensive pipeline networks, for which billions of dollars have been invested to date, have been providing Kinder Morgan with stable fee-based revenues. In fact, the company generated majority of its cash flow in 2017 from stable fee-based contracts. In particular, we expect Kinder Morgan to seize attractive investment opportunities in the Eagle Ford and Haynesville shale plays. Such positives are likely to boost future earnings as well. Also, the midstream player posted an average positive earnings surprise of 4.6% over the prior four quarters. “
KMI has been the subject of several other reports. JPMorgan Chase & Co. decreased their price target on shares of Kinder Morgan from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Monday, February 12th. ValuEngine lowered shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. Bank of America began coverage on shares of Kinder Morgan in a report on Tuesday, January 9th. They set a “neutral” rating on the stock. Finally, Wells Fargo & Co restated a “market perform” rating on shares of Kinder Morgan in a report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. Kinder Morgan has a consensus rating of “Hold” and a consensus target price of $22.50.
Kinder Morgan (NYSE:KMI) traded down $0.10 during mid-day trading on Tuesday, hitting $16.45. 5,428,798 shares of the company’s stock traded hands, compared to its average volume of 15,553,138. The stock has a market capitalization of $37,010.00, a price-to-earnings ratio of -30.46, a price-to-earnings-growth ratio of 1.66 and a beta of 0.62. Kinder Morgan has a 1-year low of $15.86 and a 1-year high of $21.92. The company has a current ratio of 0.44, a quick ratio of 0.37 and a debt-to-equity ratio of 1.00.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.52 billion. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 earnings per share. sell-side analysts expect that Kinder Morgan will post 0.85 EPS for the current year.
In other Kinder Morgan news, Director William A. Smith purchased 5,500 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were bought at an average price of $19.52 per share, for a total transaction of $107,360.00. Following the acquisition, the director now owns 14,587 shares in the company, valued at $284,738.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 13.99% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Colonial Trust Advisors acquired a new position in Kinder Morgan in the 4th quarter worth approximately $181,000. Xact Kapitalforvaltning AB increased its holdings in Kinder Morgan by 13.7% in the 4th quarter. Xact Kapitalforvaltning AB now owns 198,778 shares of the pipeline company’s stock worth $3,592,000 after buying an additional 23,890 shares during the period. Envestnet Asset Management Inc. increased its holdings in Kinder Morgan by 47.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 344,957 shares of the pipeline company’s stock worth $6,233,000 after buying an additional 110,681 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Kinder Morgan by 1.9% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,122,716 shares of the pipeline company’s stock worth $20,287,000 after buying an additional 21,214 shares during the period. Finally, Pin Oak Investment Advisors Inc. acquired a new position in Kinder Morgan in the 4th quarter worth approximately $401,000. Institutional investors own 62.63% of the company’s stock.
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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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