Kinder Morgan (NYSE:KMI) had its price objective reduced by Barclays from $23.00 to $20.00 in a report released on Tuesday. The brokerage currently has an “overweight” rating on the pipeline company’s stock. Barclays’ target price indicates a potential upside of 26.18% from the company’s previous close.
Several other analysts have also issued reports on KMI. Credit Suisse Group initiated coverage on shares of Kinder Morgan in a research report on Thursday, January 4th. They set an “outperform” rating and a $23.00 price target on the stock. Zacks Investment Research lowered shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Bank of America initiated coverage on shares of Kinder Morgan in a research report on Tuesday, January 9th. They set a “neutral” rating on the stock. Wells Fargo reaffirmed a “market perform” rating on shares of Kinder Morgan in a research report on Thursday, January 11th. Finally, Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $21.79.
Shares of KMI stock traded up $0.17 during trading on Tuesday, reaching $15.85. The company’s stock had a trading volume of 7,171,204 shares, compared to its average volume of 16,789,615. The company has a quick ratio of 0.37, a current ratio of 0.44 and a debt-to-equity ratio of 1.00. The firm has a market cap of $33,819.00, a PE ratio of 24.03, a P/E/G ratio of 1.71 and a beta of 0.64. Kinder Morgan has a one year low of $14.69 and a one year high of $21.40.
In related news, Director William A. Smith acquired 5,500 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were bought at an average cost of $19.52 per share, with a total value of $107,360.00. Following the completion of the transaction, the director now directly owns 14,587 shares of the company’s stock, valued at $284,738.24. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 14.16% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of KMI. CoreCommodity Management LLC acquired a new position in shares of Kinder Morgan in the fourth quarter valued at about $113,000. Sit Investment Associates Inc. grew its stake in shares of Kinder Morgan by 237.1% in the fourth quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock valued at $122,000 after acquiring an additional 4,730 shares in the last quarter. Cerebellum GP LLC acquired a new position in shares of Kinder Morgan in the fourth quarter valued at about $126,000. Goodman Financial Corp acquired a new position in shares of Kinder Morgan in the fourth quarter valued at about $126,000. Finally, Landaas & Co. WI ADV grew its stake in shares of Kinder Morgan by 5,457.0% in the fourth quarter. Landaas & Co. WI ADV now owns 7,502 shares of the pipeline company’s stock valued at $136,000 after acquiring an additional 7,367 shares in the last quarter. 62.60% of the stock is currently owned by institutional investors.
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Kinder Morgan Company Profile
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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