TD Securities Begins Coverage on Kinder Morgan (NYSE:KMI)

TD Securities initiated coverage on shares of Kinder Morgan (NYSE:KMI) in a research note released on Wednesday, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $25.00 target price on the pipeline company’s stock.

A number of other research analysts have also recently weighed in on the stock. ValuEngine cut shares of Kinder Morgan from a hold rating to a sell rating in a research report on Thursday, August 1st. Stifel Nicolaus cut shares of Kinder Morgan from a buy rating to a hold rating and set a $22.00 price target on the stock. in a research report on Monday, June 17th. Scotiabank began coverage on shares of Kinder Morgan in a research report on Tuesday, September 3rd. They set a sector perform rating and a $23.00 price target on the stock. Wolfe Research raised shares of Kinder Morgan from an underperform rating to a peer perform rating in a research report on Thursday, August 22nd. Finally, Argus cut shares of Kinder Morgan from a buy rating to a hold rating in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. Kinder Morgan presently has an average rating of Hold and an average target price of $22.11.

KMI stock traded up $0.14 during midday trading on Wednesday, reaching $20.52. 6,216,432 shares of the company’s stock traded hands, compared to its average volume of 13,959,521. The company has a market capitalization of $46.45 billion, a P/E ratio of 23.06, a PEG ratio of 4.28 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.41 and a quick ratio of 0.33. Kinder Morgan has a fifty-two week low of $14.62 and a fifty-two week high of $21.50. The business has a 50-day moving average price of $20.37 and a two-hundred day moving average price of $20.33.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.59 billion. Kinder Morgan had a net margin of 16.50% and a return on equity of 6.23%. The company’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period last year, the firm earned $0.20 earnings per share. As a group, research analysts forecast that Kinder Morgan will post 0.96 earnings per share for the current fiscal year.

In other news, insider Richard D. Kinder acquired 300,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were bought at an average price of $19.76 per share, for a total transaction of $5,928,000.00. Following the completion of the purchase, the insider now directly owns 241,879,496 shares of the company’s stock, valued at approximately $4,779,538,840.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Richard D. Kinder acquired 400,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were purchased at an average price of $19.95 per share, for a total transaction of $7,980,000.00. Following the purchase, the insider now directly owns 241,579,496 shares of the company’s stock, valued at $4,819,510,945.20. The disclosure for this purchase can be found here. Insiders have bought 705,000 shares of company stock worth $14,007,550 in the last quarter. Insiders own 13.95% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of KMI. SRS Capital Advisors Inc. bought a new stake in shares of Kinder Morgan in the second quarter worth $32,000. Weaver Consulting Group bought a new stake in shares of Kinder Morgan in the first quarter worth $33,000. River & Mercantile Asset Management LLP bought a new stake in shares of Kinder Morgan in the second quarter worth $33,000. Bartlett & Co. LLC bought a new stake in shares of Kinder Morgan in the second quarter worth $37,000. Finally, Meridian Wealth Management LLC bought a new stake in shares of Kinder Morgan in the first quarter worth $42,000. Institutional investors own 61.89% of the company’s stock.

Kinder Morgan Company Profile

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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