A number of other equities research analysts also recently issued reports on KMI. Pickering Energy Partners initiated coverage on Kinder Morgan in a research report on Tuesday, October 3rd. They set a neutral rating on the stock. Royal Bank of Canada restated a sector perform rating and set a $20.00 price objective on shares of Kinder Morgan in a research report on Thursday, July 20th. The Goldman Sachs Group initiated coverage on Kinder Morgan in a research report on Thursday, October 5th. They set a buy rating and a $20.00 price objective on the stock. Stifel Nicolaus upped their price objective on Kinder Morgan from $21.00 to $22.00 and gave the company a hold rating in a research report on Tuesday, August 1st. Finally, StockNews.com assumed coverage on Kinder Morgan in a research note on Thursday, October 5th. They set a hold rating on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of Hold and a consensus price target of $20.38.
Kinder Morgan Price Performance
Kinder Morgan (NYSE:KMI – Get Free Report) last issued its quarterly earnings data on Wednesday, October 18th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.54% and a return on equity of 7.78%. The company had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $4.64 billion. During the same quarter last year, the company earned $0.25 earnings per share. The company’s revenue for the quarter was down 24.5% on a year-over-year basis. On average, equities research analysts forecast that Kinder Morgan will post 1.1 earnings per share for the current fiscal year.
Kinder Morgan Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a $0.2825 dividend. The ex-dividend date was Monday, October 30th. This represents a $1.13 annualized dividend and a yield of 6.67%. Kinder Morgan’s dividend payout ratio (DPR) is currently 102.73%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its stake in Kinder Morgan by 102,208.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock worth $742,555,000 after purchasing an additional 41,030,376 shares in the last quarter. Geode Capital Management LLC grew its stake in Kinder Morgan by 2.7% in the second quarter. Geode Capital Management LLC now owns 38,270,219 shares of the pipeline company’s stock worth $657,104,000 after purchasing an additional 1,015,634 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Kinder Morgan by 1,352.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock worth $665,401,000 after purchasing an additional 34,269,435 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Kinder Morgan by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company’s stock worth $472,464,000 after purchasing an additional 87,516 shares in the last quarter. Finally, Orbis Allan Gray Ltd boosted its position in Kinder Morgan by 1.6% during the 1st quarter. Orbis Allan Gray Ltd now owns 26,311,549 shares of the pipeline company’s stock valued at $460,715,000 after acquiring an additional 424,620 shares in the last quarter. Institutional investors own 62.33% of the company’s stock.
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.
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