BidaskClub upgraded shares of Kinder Morgan (NYSE:KMI) from a strong sell rating to a sell rating in a report issued on Thursday morning, BidAskClub reports.
A number of other research firms also recently issued reports on KMI. Wolfe Research downgraded Kinder Morgan from a peer perform rating to an underperform rating and raised their price target for the stock from $13.00 to $14.00 in a research note on Monday, November 23rd. The Goldman Sachs Group upgraded Kinder Morgan from a sell rating to a neutral rating and lowered their target price for the company from $14.00 to $13.00 in a research report on Wednesday, October 14th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on Kinder Morgan in a research report on Thursday, December 3rd. They set an outperform rating on the stock. ValuEngine upgraded Kinder Morgan from a sell rating to a hold rating in a research report on Tuesday, December 1st. Finally, Piper Sandler lowered their target price on Kinder Morgan from $16.00 to $14.00 and set a neutral rating on the stock in a research report on Friday, October 9th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $16.63.
KMI stock opened at $14.49 on Thursday. The company has a market cap of $32.80 billion, a P/E ratio of 289.80, a price-to-earnings-growth ratio of 5.68 and a beta of 1.08. Kinder Morgan has a 1 year low of $9.42 and a 1 year high of $22.58. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.61 and a quick ratio of 0.54. The stock’s fifty day moving average price is $14.31 and its 200-day moving average price is $13.74.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 21st. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.21. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. Kinder Morgan had a return on equity of 6.07% and a net margin of 1.02%. As a group, 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 added to or reduced their stakes in KMI. Blackstone Group Inc purchased a new position in Kinder Morgan in the second quarter worth about $333,656,000. BlackRock Inc. boosted its position in shares of Kinder Morgan by 3.5% during the second quarter. BlackRock Inc. now owns 150,991,478 shares of the pipeline company’s stock valued at $2,290,539,000 after buying an additional 5,062,445 shares during the period. AQR Capital Management LLC boosted its position in shares of Kinder Morgan by 798.6% during the second quarter. AQR Capital Management LLC now owns 3,231,226 shares of the pipeline company’s stock valued at $47,337,000 after buying an additional 2,871,657 shares during the period. Voloridge Investment Management LLC boosted its position in shares of Kinder Morgan by 750.1% during the third quarter. Voloridge Investment Management LLC now owns 3,034,840 shares of the pipeline company’s stock valued at $37,420,000 after buying an additional 2,677,845 shares during the period. Finally, MUFG Securities EMEA plc boosted its position in shares of Kinder Morgan by 275.5% during the third quarter. MUFG Securities EMEA plc now owns 2,000,000 shares of the pipeline company’s stock valued at $24,660,000 after buying an additional 1,467,400 shares during the period. Institutional investors own 55.42% of the company’s stock.
About Kinder Morgan
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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