Kinder Morgan (NYSE:KMI) Upgraded by US Capital Advisors to “Overweight”

US Capital Advisors upgraded shares of Kinder Morgan (NYSE:KMI) from a hold rating to an overweight rating in a research note released on Friday, PriceTargets.com reports.

Several other equities analysts have also recently commented on the company. Royal Bank of Canada restated a sector perform rating and set a $20.00 target price on shares of Kinder Morgan in a research report on Thursday, July 20th. StockNews.com initiated coverage on Kinder Morgan in a research report on Thursday, October 5th. They set a hold rating for the company. Pickering Energy Partners initiated coverage on Kinder Morgan in a research report on Tuesday, October 3rd. They set a neutral rating for the company. Stifel Nicolaus boosted their target price on Kinder Morgan from $21.00 to $22.00 and gave the stock a hold rating in a research report on Tuesday, August 1st. Finally, 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 target price for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $20.38.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $16.94 on Friday. The stock has a market cap of $37.65 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 5.13 and a beta of 0.97. Kinder Morgan has a fifty-two week low of $15.89 and a fifty-two week high of $19.35. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.30 and a current ratio of 0.39. The stock has a fifty day moving average of $16.72 and a 200-day moving average of $16.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 18th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $4.64 billion. Kinder Morgan had a net margin of 15.54% and a return on equity of 7.78%. Kinder Morgan’s revenue for the quarter was down 24.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 earnings per share. Equities research analysts anticipate that Kinder Morgan will post 1.1 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were paid a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date was Monday, October 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 102.73%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hartford Financial Management Inc. purchased a new position in shares of Kinder Morgan during the 3rd quarter worth approximately $26,000. VitalStone Financial LLC lifted its holdings in shares of Kinder Morgan by 1,451.0% during the 2nd quarter. VitalStone Financial LLC now owns 1,551 shares of the pipeline company’s stock valued at $27,000 after buying an additional 1,451 shares during the period. First Capital Advisors Group LLC. bought a new position in Kinder Morgan in the 2nd quarter worth $29,000. Creative Financial Designs Inc. ADV raised its holdings in Kinder Morgan by 57.6% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,732 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 633 shares during the period. Finally, OFI Invest Asset Management bought a new position in Kinder Morgan in the 3rd quarter worth $33,000. 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.