Kinder Morgan (NYSE:KMI) has earned a consensus rating of “Buy” from the twenty-three analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $21.39.
A number of research firms recently weighed in on KMI. JPMorgan Chase & Co. lowered their target price on shares of Kinder Morgan from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Monday, February 12th. Stifel Nicolaus lowered their target price on shares of Kinder Morgan from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, April 30th. Jefferies Group lowered their target price on shares of Kinder Morgan from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, April 16th. Bank of America upgraded shares of Kinder Morgan from a “neutral” rating to a “buy” rating and upped their target price for the stock from $15.61 to $20.00 in a report on Wednesday, March 21st. Finally, Barclays lowered their target price on shares of Kinder Morgan from $23.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, April 17th.
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KMI opened at $15.89 on Monday. The company has a current ratio of 0.48, a quick ratio of 0.40 and a debt-to-equity ratio of 1.01. Kinder Morgan has a fifty-two week low of $14.69 and a fifty-two week high of $21.25. The stock has a market capitalization of $35.05 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 1.75 and a beta of 0.62.
Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 18th. The pipeline company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. Kinder Morgan had a net margin of 1.95% and a return on equity of 4.57%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the prior year, the business posted $0.17 EPS. The firm’s revenue was down .2% compared to the same quarter last year. equities analysts forecast that Kinder Morgan will post 0.87 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th were given a dividend of $0.20 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.13. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend was Friday, April 27th. Kinder Morgan’s dividend payout ratio is currently 121.21%.
Several institutional investors have recently added to or reduced their stakes in KMI. Schwab Charles Investment Management Inc. boosted its holdings in Kinder Morgan by 4.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 6,876,876 shares of the pipeline company’s stock worth $124,266,000 after buying an additional 282,389 shares during the period. Cerebellum GP LLC bought a new position in Kinder Morgan in the 4th quarter worth approximately $126,000. Robeco Institutional Asset Management B.V. boosted its holdings in Kinder Morgan by 11.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 416,466 shares of the pipeline company’s stock worth $7,526,000 after buying an additional 43,239 shares during the period. Bollard Group LLC boosted its holdings in Kinder Morgan by 220.2% in the 4th quarter. Bollard Group LLC now owns 110,598 shares of the pipeline company’s stock worth $1,999,000 after buying an additional 76,056 shares during the period. Finally, Beach Investment Counsel Inc. PA boosted its holdings in Kinder Morgan by 2.5% in the 4th quarter. Beach Investment Counsel Inc. PA now owns 141,681 shares of the pipeline company’s stock worth $2,560,000 after buying an additional 3,475 shares during the period. 61.82% of the stock is owned by hedge funds and other institutional investors.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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