Kinder Morgan Inc. (NYSE:KMI) was upgraded by stock analysts at Credit Suisse (SIX:CSGN) Group AG to an "outperform" rating in a research note issued on Thursday, MarketBeat.com reports.
Other research analysts have also issued research reports about the stock. Morgan Stanley (NYSE:MS) raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $23.00 to $24.00 in a research note on Thursday, August 18th. Vetr upgraded shares of Kinder Morgan from a "strong sell" rating to a "sell" rating and set a $19.80 price target on the stock in a research report on Monday, July 18th.
TheStreet upgraded shares of Kinder Morgan from a "sell" rating to a "hold" rating in a report on Wednesday, June 22nd. Jefferies Group restated a "hold" rating and set a $17.00 target price on shares of Kinder Morgan in a report on Thursday, July 21st. Finally, Stifel Nicolaus downgraded shares of Kinder Morgan from a "buy" rating to a "hold" rating and set a $24.00 target price on the stock. in a report on Tuesday, October 4th.
Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Kinder Morgan has a consensus rating of "Buy" and an average price target of $21.35.
Kinder Morgan (NYSE:KMI) opened at 20.71 on Thursday, MarketBeat.com reports. Kinder Morgan has a 12 month low of $11.20 and a 12 month high of $31.42. The stock has a market capitalization of $46.23 billion, a P/E ratio of 739.64 and a beta of 0.69. The company's 50-day moving average is $21.79 and its 200-day moving average is $19.68.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 19th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.16 by $0.26. Kinder Morgan had a return on equity of 4.82% and a net margin of 1.63%.
The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the company earned $0.08 EPS. The firm's revenue was down 10.2% compared to the same quarter last year. Equities analysts anticipate that Kinder Morgan will post $0.67 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.41%. Kinder Morgan's dividend payout ratio is presently 833.33%.
Several institutional investors have recently added to or reduced their stakes in the stock. Hudock Capital Group LLC boosted its position in Kinder Morgan by 12.0% in the second quarter. Hudock Capital Group LLC now owns 5,394 shares of the company's stock valued at $100,000 after buying an additional 576 shares in the last quarter.
Stelac Advisory Services LLC purchased a new position in Kinder Morgan during the first quarter valued at $110,000. Hallmark Capital Management Inc. purchased a new position in Kinder Morgan during the second quarter valued at $157,000. Pure Financial Advisors Inc. purchased a new position in Kinder Morgan during the third quarter valued at $203,000.
Finally, Reliance Trust Co. of Delaware purchased a new position in Kinder Morgan during the third quarter valued at $204,000. 54.58% of the stock is owned by institutional investors and hedge funds.
Kinder Morgan Company Profile
Kinder Morgan, Inc (KMI) is an energy infrastructure company in North America. The Company segments include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Company's Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.
