Kinder Morgan (KMI) Receives New Coverage from Analysts at Credit Suisse Group

Credit Suisse Group assumed coverage on shares of Kinder Morgan (NYSE:KMI) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $23.00 target price on the pipeline company’s stock.

Other equities analysts have also recently issued research reports about the company. SunTrust Banks set a $23.00 target price on Kinder Morgan and gave the stock a buy rating in a report on Thursday, October 19th. BMO Capital Markets set a $26.00 price objective on Kinder Morgan and gave the company a buy rating in a report on Thursday, October 12th. Stifel Nicolaus cut their price objective on Kinder Morgan from $25.00 to $22.00 and set a buy rating on the stock in a report on Tuesday, October 24th. Mizuho reiterated a hold rating and set a $22.00 price objective on shares of Kinder Morgan in a report on Friday, October 20th. Finally, Royal Bank of Canada reiterated a hold rating and set a $22.00 price objective on shares of Kinder Morgan in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $22.72.

Shares of Kinder Morgan (KMI) traded down $0.06 on Thursday, reaching $18.95. The company’s stock had a trading volume of 11,219,463 shares, compared to its average volume of 14,370,000. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.42. Kinder Morgan has a 12-month low of $16.68 and a 12-month high of $23.01. The company has a market capitalization of $42,320.00, a PE ratio of 33.84, a P/E/G ratio of 1.36 and a beta of 0.62.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.21 billion. During the same quarter last year, the business earned ($0.10) earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year. equities analysts expect that Kinder Morgan will post 0.65 earnings per share for the current fiscal year.

In other news, VP Thomas A. Martin bought 3,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were purchased at an average price of $17.10 per share, for a total transaction of $51,300.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 13.99% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KMI. North Star Asset Management Inc. increased its position in shares of Kinder Morgan by 0.6% during the 2nd quarter. North Star Asset Management Inc. now owns 10,029 shares of the pipeline company’s stock worth $192,000 after purchasing an additional 61 shares during the last quarter. CNH Partners LLC increased its position in shares of Kinder Morgan by 0.4% during the 2nd quarter. CNH Partners LLC now owns 27,467 shares of the pipeline company’s stock worth $526,000 after purchasing an additional 100 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of Kinder Morgan by 0.6% during the 2nd quarter. Moors & Cabot Inc. now owns 142,874 shares of the pipeline company’s stock worth $2,744,000 after purchasing an additional 896 shares during the last quarter. Ropes Wealth Advisors LLC increased its position in shares of Kinder Morgan by 3.5% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 28,696 shares of the pipeline company’s stock worth $550,000 after purchasing an additional 964 shares during the last quarter. Finally, Waters Parkerson & CO. LLC increased its position in shares of Kinder Morgan by 4.3% during the 2nd quarter. Waters Parkerson & CO. LLC now owns 24,317 shares of the pipeline company’s stock worth $466,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 60.73% of the company’s stock.

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Kinder Morgan Company Profile

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.

Analyst Recommendations for Kinder Morgan (NYSE:KMI)

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