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

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

Several other equities analysts have also commented on the company. Royal Bank of Canada reissued 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 assumed coverage on Kinder Morgan in a report on Thursday, October 5th. They set a buy rating and a $20.00 price target for the company. StockNews.com assumed coverage on Kinder Morgan in a report on Thursday, October 5th. They set a hold rating for the company. Pickering Energy Partners assumed coverage on Kinder Morgan in a report on Tuesday, October 3rd. They set a neutral rating for the company. Finally, Stifel Nicolaus raised their price target on Kinder Morgan from $21.00 to $22.00 and gave the company a hold rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan has a consensus rating of Hold and an average price target of $20.38.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $16.94 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.39 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $37.65 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 5.13 and a beta of 0.97. The stock has a fifty day moving average of $16.72 and a 200 day moving average of $16.94. Kinder Morgan has a 52 week low of $15.89 and a 52 week high of $19.35.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 18th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $3.91 billion for 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%. The business’s quarterly revenue was down 24.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 EPS. As a group, research analysts expect that Kinder Morgan will post 1.1 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were issued a $0.2825 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.13 annualized dividend and a yield of 6.67%. Kinder Morgan’s payout ratio is 102.73%.

Institutional Investors Weigh In On Kinder Morgan

Several large investors have recently bought and sold shares of KMI. Fairfield Bush & CO. bought a new stake in shares of Kinder Morgan during the 1st quarter valued at about $93,000. American Century Companies Inc. grew its stake in shares of Kinder Morgan by 12.3% during the 1st quarter. American Century Companies Inc. now owns 91,931 shares of the pipeline company’s stock valued at $1,739,000 after purchasing an additional 10,079 shares during the period. Acadian Asset Management LLC grew its stake in shares of Kinder Morgan by 48,564.7% during the 1st quarter. Acadian Asset Management LLC now owns 8,273 shares of the pipeline company’s stock valued at $156,000 after purchasing an additional 8,256 shares during the period. Synovus Financial Corp grew its stake in shares of Kinder Morgan by 1.6% during the 1st quarter. Synovus Financial Corp now owns 90,218 shares of the pipeline company’s stock valued at $1,705,000 after purchasing an additional 1,408 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Kinder Morgan during the 1st quarter valued at about $263,000. 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.