Kinder Morgan (KMI) Coverage Initiated at Credit Suisse Group

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Investment analysts at Credit Suisse Group assumed coverage on shares of Kinder Morgan (NYSE:KMI) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $23.00 price target on the pipeline company’s stock. Credit Suisse Group’s price target points to a potential upside of 31.35% from the stock’s current price.

Several other research analysts have also weighed in on KMI. Wells Fargo & Co upgraded shares of Kinder Morgan to a “buy” rating in a research note on Friday, June 29th. ValuEngine upgraded shares of Kinder Morgan from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 21st. Goldman Sachs Group began coverage on shares of Kinder Morgan in a research note on Monday, October 8th. They set a “conviction-buy” rating and a $24.00 price objective on the stock. US Capital Advisors restated a “buy” rating on shares of Kinder Morgan in a research note on Tuesday, July 17th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.81.

Shares of Kinder Morgan stock traded up $0.09 during trading on Thursday, hitting $17.51. 19,466,576 shares of the stock were exchanged, compared to its average volume of 14,314,321. The firm has a market capitalization of $39.11 billion, a PE ratio of 26.53, a P/E/G ratio of 2.51 and a beta of 0.73. Kinder Morgan has a 1-year low of $14.69 and a 1-year high of $19.83. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.49 and a quick ratio of 0.41.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 18th. The pipeline company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.42 billion. Kinder Morgan had a negative net margin of 1.82% and a positive return on equity of 5.07%. Kinder Morgan’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS. As a group, analysts expect that Kinder Morgan will post 0.83 EPS for the current year.

In related news, insider Richard D. Kinder bought 500,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, September 27th. The stock was acquired at an average price of $17.55 per share, with a total value of $8,775,000.00. Following the acquisition, the insider now owns 235,212,353 shares of the company’s stock, valued at approximately $4,127,976,795.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William A. Smith bought 5,556 shares of Kinder Morgan stock in a transaction that occurred on Thursday, July 26th. The shares were bought at an average cost of $18.09 per share, with a total value of $100,508.04. Following the acquisition, the director now directly owns 14,587 shares in the company, valued at approximately $263,878.83. The disclosure for this purchase can be found here. Insiders own 14.16% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP bought a new stake in Kinder Morgan in the 1st quarter valued at about $906,000. A.R.T. Advisors LLC boosted its holdings in Kinder Morgan by 53.3% in the 1st quarter. A.R.T. Advisors LLC now owns 241,574 shares of the pipeline company’s stock valued at $3,638,000 after purchasing an additional 84,000 shares during the period. Silvercrest Asset Management Group LLC boosted its holdings in Kinder Morgan by 48.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 383,356 shares of the pipeline company’s stock valued at $5,773,000 after purchasing an additional 125,485 shares during the period. Ostrum Asset Management bought a new stake in Kinder Morgan in the 1st quarter valued at about $121,000. Finally, Kovack Advisors Inc. boosted its holdings in Kinder Morgan by 19.6% in the 1st quarter. Kovack Advisors Inc. now owns 22,719 shares of the pipeline company’s stock valued at $342,000 after purchasing an additional 3,721 shares during the period. 60.34% of the stock is owned by institutional investors and hedge funds.

About Kinder Morgan

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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Analyst Recommendations for Kinder Morgan (NYSE:KMI)

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