The Kinder Morgan Inc (KMI) Now Covered by Analysts at Sanford C. Bernstein

The Kinder Morgan Inc (KMI) Now Covered by Analysts at Sanford C. Bernstein

KMI has been the topic of a number of other reports. Vetr lowered Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $24.92 price objective on the stock. in a research note on Tuesday, January 24th. Zacks Investment Research upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Monday, January 16th. US Capital Advisors upgraded Kinder Morgan from a “hold” rating to an “overweight” rating in a research note on Wednesday, March 15th. Royal Bank of Canada restated a “hold” rating and set a $25.00 price target on shares of Kinder Morgan in a research note on Friday, March 17th. Finally, Credit Suisse Group AG set a $27.00 price target on Kinder Morgan and gave the company a “buy” rating in a research note on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $23.82.

Equities researchers at Sanford C. Bernstein initiated coverage on shares of Kinder Morgan Inc (NYSE:KMI) in a research note issued to investors on Tuesday, May 16th. The brokerage set a “market perform” rating on the pipeline company’s stock.

Shares of Kinder Morgan (KMI) traded down 0.21% on Tuesday, reaching $18.95. The company’s stock had a trading volume of 15,632,501 shares. The company has a 50 day moving average of $20.00 and a 200 day moving average of $21.25. The stock has a market capitalization of $42.30 billion, a P/E ratio of 62.75 and a beta of 0.73. Kinder Morgan has a 1-year low of $17.07 and a 1-year high of $23.36.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 19th. The pipeline company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.01. Kinder Morgan had a return on equity of 4.20% and a net margin of 5.12%. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period in the prior year, the firm earned $0.12 EPS. Kinder Morgan’s quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts expect that Kinder Morgan will post $0.67 earnings per share for the current fiscal year. The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Thursday, April 27th. Kinder Morgan’s dividend payout ratio is currently 200.00%.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 19th. The pipeline company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.01. Kinder Morgan had a return on equity of 4.20% and a net margin of 5.12%. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period in the prior year, the firm earned $0.12 EPS. Kinder Morgan’s quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts expect that Kinder Morgan will post $0.67 earnings per share for the current fiscal year. In other news, insider Richard D. Kinder bought 500,000 shares of the stock in a transaction on Tuesday, May 30th. The stock was purchased at an average price of $18.58 per share, for a total transaction of $9,290,000.00. Following the acquisition, the insider now owns 234,712,353 shares in the company, valued at $4,360,955,518.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Dax Sanders bought 2,600 shares of the stock in a transaction on Tuesday, May 30th. The shares were purchased at an average price of $18.60 per share, with a total value of $48,360.00. The disclosure for this purchase can be found here. 13.97% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Blenheim Capital Management BV acquired a new position in Kinder Morgan during the fourth quarter worth approximately $102,000. First Bank & Trust increased its position in Kinder Morgan by 9.4% in the first quarter. First Bank & Trust now owns 4,739 shares of the pipeline company’s stock worth $103,000 after buying an additional 408 shares in the last quarter. Trust Co. of Vermont increased its position in Kinder Morgan by 71.5% in the first quarter. Trust Co. of Vermont now owns 6,522 shares of the pipeline company’s stock worth $142,000 after buying an additional 2,719 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in Kinder Morgan by 0.8% in the first quarter. Guardian Life Insurance Co. of America now owns 7,416 shares of the pipeline company’s stock worth $161,000 after buying an additional 60 shares in the last quarter. Finally, Salem Investment Counselors Inc. increased its position in Kinder Morgan by 20.6% in the first quarter. Salem Investment Counselors Inc. now owns 7,959 shares of the pipeline company’s stock worth $171,000 after buying an additional 1,359 shares in the last quarter. Institutional investors own 55.78% of the company’s stock. About Kinder Morgan

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KMI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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