Kinder Morgan (NYSE:KMI) Stock Rating Upgraded by US Capital Advisors

Kinder Morgan (NYSE:KMI) was upgraded by US Capital Advisors from a “hold” rating to an “overweight” rating in a research note issued to investors on Friday, PriceTargets.com reports.

KMI has been the subject of several other research reports. Pickering Energy Partners assumed coverage on Kinder Morgan in a research note on Tuesday, October 3rd. They set a “neutral” rating for the company. The Goldman Sachs Group started coverage on Kinder Morgan in a research note on Thursday, October 5th. They issued a “buy” rating and a $20.00 price objective for the company. Stifel Nicolaus raised their price objective on Kinder Morgan from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Tuesday, August 1st. Royal Bank of Canada reissued a “sector perform” rating and issued a $20.00 price objective on shares of Kinder Morgan in a research note on Thursday, July 20th. Finally, StockNews.com started coverage on Kinder Morgan in a research note on Thursday, October 5th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $20.38.

Kinder Morgan Price Performance

Shares of KMI opened at $16.94 on Friday. The business has a 50-day moving average of $16.72 and a 200-day moving average of $16.94. Kinder Morgan has a 1 year low of $15.89 and a 1 year high of $19.35. The company has a market capitalization of $37.65 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 5.13 and a beta of 0.97. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.39 and a quick ratio of 0.30.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 18th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.78% and a net margin of 15.54%. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same period in the prior year, the business earned $0.25 EPS. The company’s revenue for the quarter was down 24.5% on a year-over-year basis. As a group, equities research analysts anticipate that Kinder Morgan will post 1.1 earnings per share for the current year.

Institutional Trading of Kinder Morgan

A number of hedge funds have recently bought and sold shares of the business. Creative Planning lifted its holdings in Kinder Morgan by 1.9% during the third quarter. Creative Planning now owns 298,352 shares of the pipeline company’s stock worth $4,947,000 after acquiring an additional 5,491 shares during the period. Harbour Investments Inc. lifted its holdings in Kinder Morgan by 9.6% during the third quarter. Harbour Investments Inc. now owns 21,867 shares of the pipeline company’s stock worth $363,000 after acquiring an additional 1,916 shares during the period. Advisors Capital Management LLC lifted its holdings in Kinder Morgan by 3.0% during the third quarter. Advisors Capital Management LLC now owns 2,597,145 shares of the pipeline company’s stock worth $43,061,000 after acquiring an additional 76,563 shares during the period. Morgan Stanley raised its stake in shares of Kinder Morgan by 4.1% in the third quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock valued at $338,234,000 after buying an additional 796,829 shares during the period. Finally, Essex Financial Services Inc. raised its stake in shares of Kinder Morgan by 3.4% in the third quarter. Essex Financial Services Inc. now owns 41,100 shares of the pipeline company’s stock valued at $681,000 after buying an additional 1,344 shares during the period. 62.33% of the stock is currently owned by institutional investors.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.