Shares of Kinder Morgan Inc (NYSE:KMI) have been given an average rating of “Hold” by the nineteen ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $21.84.
Several analysts recently weighed in on KMI shares. Wolfe Research raised Kinder Morgan from an “underperform” rating to a “peer perform” rating in a report on Thursday, August 22nd. BMO Capital Markets lowered Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 price objective for the company. in a report on Monday, July 29th. Raymond James lowered Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 price objective for the company. in a report on Wednesday, June 26th. Johnson Rice assumed coverage on Kinder Morgan in a research note on Thursday, May 30th. They issued a “hold” rating and a $21.00 target price for the company. Finally, ValuEngine downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.
Kinder Morgan stock traded up $0.14 during midday trading on Friday, hitting $20.84. The stock had a trading volume of 3,029,566 shares, compared to its average volume of 12,265,634. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 0.96. The stock has a market cap of $46.86 billion, a P/E ratio of 23.41, a P/E/G ratio of 4.34 and a beta of 0.82. Kinder Morgan has a 12 month low of $14.62 and a 12 month high of $21.50. The business has a fifty day moving average price of $20.26 and a 200 day moving average price of $20.27.
In other Kinder Morgan news, insider Richard D. Kinder acquired 300,000 shares of Kinder Morgan stock in a transaction dated Monday, August 26th. The stock was acquired at an average cost of $19.76 per share, for a total transaction of $5,928,000.00. Following the completion of the transaction, the insider now owns 241,879,496 shares in the company, valued at approximately $4,779,538,840.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Dax Sanders sold 71,944 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $20.05, for a total value of $1,442,477.20. Following the transaction, the vice president now owns 204,605 shares of the company’s stock, valued at $4,102,330.25. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 705,000 shares of company stock valued at $14,007,550. 13.95% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of KMI. Clearbridge Investments LLC boosted its position in shares of Kinder Morgan by 54.6% during the first quarter. Clearbridge Investments LLC now owns 29,164,247 shares of the pipeline company’s stock worth $583,577,000 after buying an additional 10,302,503 shares during the period. Charles Schwab Investment Advisory Inc. boosted its position in shares of Kinder Morgan by 85.4% during the second quarter. Charles Schwab Investment Advisory Inc. now owns 12,328,127 shares of the pipeline company’s stock worth $257,411,000 after buying an additional 5,679,805 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in shares of Kinder Morgan during the second quarter worth approximately $58,636,000. Invesco Ltd. boosted its position in shares of Kinder Morgan by 30.7% during the second quarter. Invesco Ltd. now owns 10,734,485 shares of the pipeline company’s stock worth $224,135,000 after buying an additional 2,521,149 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Kinder Morgan by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 23,513,119 shares of the pipeline company’s stock worth $360,962,000 after buying an additional 1,758,792 shares during the period. Institutional investors and hedge funds own 61.74% 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 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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