Morgan Stanley Lowers Kinder Morgan (KMI) Price Target to $23.00
Kinder Morgan (NYSE:KMI) had its price objective cut by Morgan Stanley from $24.00 to $23.00 in a report issued on Friday morning. They currently have an overweight rating on the pipeline company’s stock.
A number of other research analysts also recently commented on the company. Argus upgraded Kinder Morgan from a hold rating to a buy rating in a research note on Monday, January 29th. They noted that the move was a valuation call. Wells Fargo & Co restated a market perform rating on shares of Kinder Morgan in a research note on Thursday, January 11th. Bank of America began coverage on Kinder Morgan in a research note on Tuesday, January 9th. They set a neutral rating for the company. Zacks Investment Research downgraded Kinder Morgan from a hold rating to a sell rating in a research note on Monday, January 8th. Finally, Credit Suisse Group began coverage on Kinder Morgan in a research note on Thursday, January 4th. They set an outperform rating and a $23.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. Kinder Morgan has an average rating of Hold and an average target price of $22.66.
Shares of Kinder Morgan (NYSE KMI) opened at $17.24 on Friday. Kinder Morgan has a twelve month low of $16.56 and a twelve month high of $22.70. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.35. The firm has a market capitalization of $38,032.59, a P/E ratio of 25.73, a PEG ratio of 1.17 and a beta of 0.56.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.50 dividend on an annualized basis and a yield of 2.90%. Kinder Morgan’s dividend payout ratio (DPR) is presently 5,000.00%.
In other Kinder Morgan news, Director William A. Smith purchased 5,500 shares of Kinder Morgan stock in a transaction on Monday, January 22nd. The stock was bought at an average price of $19.52 per share, for a total transaction of $107,360.00. Following the transaction, the director now owns 14,587 shares of the company’s stock, valued at approximately $284,738.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas A. Martin purchased 3,000 shares of Kinder Morgan stock in a transaction on Tuesday, December 5th. The shares were acquired at an average price of $17.10 per share, with a total value of $51,300.00. The disclosure for this purchase can be found here. Insiders own 13.99% of the company’s stock.
A number of hedge funds have recently made changes to their positions in KMI. Welch Investments LLC acquired a new position in Kinder Morgan during the 3rd quarter worth $102,000. Valeo Financial Advisors LLC acquired a new position in Kinder Morgan during the 3rd quarter worth $104,000. Sit Investment Associates Inc. lifted its holdings 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 buying an additional 4,730 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at $126,000. Finally, Goodman Financial Corp acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at $126,000. Institutional investors own 60.42% 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.
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