Kinder Morgan (KMI) Upgraded at Sanford C. Bernstein

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Sanford C. Bernstein upgraded shares of Kinder Morgan (NYSE:KMI) from a market perform rating to an outperform rating in a research note issued to investors on Tuesday, Marketbeat.com reports.

A number of other equities analysts also recently commented on KMI. ValuEngine downgraded Kinder Morgan from a hold rating to a sell rating in a report on Thursday, March 1st. UBS Group reaffirmed a buy rating and issued a $26.00 price target (down from $28.00) on shares of Kinder Morgan in a research note on Friday, March 2nd. Zacks Investment Research raised Kinder Morgan from a hold rating to a buy rating and set a $19.00 price target on the stock in a research note on Tuesday, March 13th. Bank of America raised Kinder Morgan from a neutral rating to a buy rating and upped their price target for the stock from $15.61 to $20.00 in a research note on Wednesday, March 21st. Finally, Citigroup raised Kinder Morgan from a neutral rating to a buy rating in a research note on Tuesday, March 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of $20.82.

Shares of Kinder Morgan stock opened at $17.67 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.48 and a debt-to-equity ratio of 1.01. The company has a market cap of $38.56 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 1.92 and a beta of 0.64. Kinder Morgan has a 52 week low of $14.69 and a 52 week high of $21.25.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 18th. The pipeline company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.56 billion. Kinder Morgan had a return on equity of 4.57% and a net margin of 1.95%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 earnings per share. equities analysts predict that Kinder Morgan will post 0.87 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KMI. CoreCommodity Management LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth $113,000. Ostrum Asset Management purchased a new stake in shares of Kinder Morgan in the first quarter worth $121,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of Kinder Morgan in the first quarter worth $144,000. BKS Advisors LLC purchased a new stake in shares of Kinder Morgan in the first quarter worth $153,000. Finally, We Are One Seven LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth $156,000. 61.50% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Kinder Morgan (NYSE:KMI)

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