Kinder Morgan (NYSE:KMI) Downgraded by Raymond James to Market Perform


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Raymond James downgraded shares of Kinder Morgan (NYSE:KMI) from an outperform rating to a market perform rating in a report released on Monday morning, AR Network reports.

A number of other equities analysts have also recently commented on KMI. Wolfe Research cut shares of Kinder Morgan from a peer perform rating to an underperform rating and lifted their price objective for the stock from $13.00 to $14.00 in a research note on Monday, November 23rd. BidaskClub upgraded shares of Kinder Morgan from a strong sell rating to a sell rating in a report on Thursday, January 7th. Tudor Pickering lowered shares of Kinder Morgan from a buy rating to a hold rating in a report on Friday, January 8th. Piper Sandler lowered their target price on shares of Kinder Morgan from $16.00 to $14.00 and set a neutral rating for the company in a report on Friday, October 9th. Finally, Capital One Financial initiated coverage on shares of Kinder Morgan in a report on Wednesday, October 21st. They issued an equal weight rating for the company. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. Kinder Morgan presently has an average rating of Hold and a consensus target price of $16.56.

Shares of NYSE:KMI opened at $15.31 on Monday. Kinder Morgan has a 52 week low of $9.42 and a 52 week high of $22.58. The stock has a market capitalization of $34.66 billion, a P/E ratio of 306.20, a PEG ratio of 5.68 and a beta of 1.08. The firm has a fifty day simple moving average of $14.34 and a two-hundred day simple moving average of $13.73. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.02.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 21st. The pipeline company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Kinder Morgan had a net margin of 1.02% and a return on equity of 6.07%. The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.89 billion. On average, analysts expect that Kinder Morgan will post 0.87 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in KMI. Chiron Capital Management LLC bought a new stake in Kinder Morgan during the 3rd quarter valued at about $25,000. Rockbridge Investment Management LCC bought a new stake in shares of Kinder Morgan in the 2nd quarter valued at about $29,000. Spence Asset Management raised its holdings in shares of Kinder Morgan by 150.0% in the 4th quarter. Spence Asset Management now owns 2,500 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 1,500 shares in the last quarter. Weaver Consulting Group raised its holdings in shares of Kinder Morgan by 89.0% in the 3rd quarter. Weaver Consulting Group now owns 2,973 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 1,400 shares in the last quarter. Finally, RMR Wealth Builders bought a new stake in shares of Kinder Morgan in the 2nd quarter valued at about $38,000. Institutional investors own 55.42% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company 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 liquefaction and storage facilities.

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Analyst Recommendations for Kinder Morgan (NYSE:KMI)

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