Raymond James cut shares of Kinder Morgan (NYSE:KMI) from a strong-buy rating to an outperform rating in a report released on Tuesday, BenzingaRatingsTable reports. The analysts noted that the move was a valuation call.

Several other research analysts have also recently weighed in on KMI. TheStreet upgraded Kinder Morgan from a c rating to a b- rating in a report on Wednesday, January 16th. Zacks Investment Research upgraded Kinder Morgan from a hold rating to a buy rating and set a $22.00 target price on the stock in a report on Wednesday, March 13th. Goldman Sachs Group cut Kinder Morgan from a conviction-buy rating to a buy rating and set a $23.00 target price on the stock. in a report on Thursday, March 28th. Jefferies Financial Group upgraded Kinder Morgan from a hold rating to a buy rating in a report on Thursday, December 20th. Finally, Argus restated a buy rating and set a $23.00 target price on shares of Kinder Morgan in a report on Tuesday, January 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $21.82.

NYSE:KMI opened at $19.39 on Tuesday. Kinder Morgan has a 12 month low of $14.62 and a 12 month high of $20.44. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 0.98. The company has a market cap of $42.78 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 2.63 and a beta of 0.96.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Kinder Morgan had a return on equity of 5.86% and a net margin of 11.38%. The company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.63 billion. During the same period in the previous year, the business earned $0.22 EPS. Kinder Morgan’s quarterly revenue was up .3% on a year-over-year basis. Equities research analysts forecast that Kinder Morgan will post 1 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.25 per share. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 5.16%. The ex-dividend date is Monday, April 29th. Kinder Morgan’s payout ratio is currently 89.89%.

In other Kinder Morgan news, insider Richard D. Kinder acquired 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 29th. The shares were purchased at an average cost of $17.92 per share, for a total transaction of $896,000.00. Following the completion of the acquisition, the insider now owns 235,262,353 shares of the company’s stock, valued at approximately $4,215,901,365.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Deborah Macdonald acquired 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was acquired at an average price of $19.89 per share, for a total transaction of $49,725.00. Following the completion of the acquisition, the director now directly owns 25,328 shares of the company’s stock, valued at approximately $503,773.92. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 3,265,912 shares of company stock worth $62,333,764. Insiders own 13.95% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Kinder Morgan by 1.1% in the third quarter. Vanguard Group Inc. now owns 146,125,762 shares of the pipeline company’s stock valued at $2,590,809,000 after acquiring an additional 1,648,894 shares during the last quarter. Vanguard Group Inc lifted its holdings in Kinder Morgan by 1.1% in the third quarter. Vanguard Group Inc now owns 146,125,762 shares of the pipeline company’s stock valued at $2,590,809,000 after acquiring an additional 1,648,894 shares during the last quarter. BlackRock Inc. lifted its holdings in Kinder Morgan by 7.4% in the fourth quarter. BlackRock Inc. now owns 136,557,027 shares of the pipeline company’s stock valued at $2,100,249,000 after acquiring an additional 9,360,355 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its holdings in Kinder Morgan by 31.7% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 23,778,981 shares of the pipeline company’s stock valued at $365,721,000 after acquiring an additional 5,716,899 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Kinder Morgan by 8.1% in the fourth quarter. Geode Capital Management LLC now owns 23,513,119 shares of the pipeline company’s stock valued at $360,962,000 after acquiring an additional 1,758,792 shares during the last quarter. Hedge funds and other institutional investors own 64.93% 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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Analyst Recommendations for Kinder Morgan (NYSE:KMI)

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