Kinder Morgan (NYSE:KMI) Earns Sector Perform Rating from Analysts at Scotiabank

Investment analysts at Scotiabank began coverage on shares of Kinder Morgan (NYSE:KMI) in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage set a “sector perform” rating and a $26.00 price target on the pipeline company’s stock. Scotiabank’s price objective would indicate a potential downside of 8.06% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Bank of America assumed coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective for the company. Royal Bank of Canada raised their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Barclays upped their target price on Kinder Morgan from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, UBS Group upped their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.67.

Kinder Morgan Trading Up 1.7 %

Shares of NYSE KMI opened at $28.28 on Friday. The business has a 50-day moving average price of $27.23 and a two-hundred day moving average price of $23.68. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $62.83 billion, a PE ratio of 24.81, a PEG ratio of 3.87 and a beta of 0.94. Kinder Morgan has a one year low of $16.47 and a one year high of $28.81.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share. As a group, analysts predict that Kinder Morgan will post 1.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director C Park Shaper sold 690,142 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This represents a 9.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy W. Chronis purchased 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 745,263 shares of company stock worth $18,578,014 in the last 90 days. Corporate insiders own 12.81% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

Institutional investors have recently modified their holdings of the business. Modus Advisors LLC bought a new position in Kinder Morgan in the fourth quarter valued at approximately $27,000. Northwest Investment Counselors LLC acquired a new position in Kinder Morgan in the 3rd quarter worth $28,000. HWG Holdings LP acquired a new stake in shares of Kinder Morgan in the 2nd quarter valued at about $30,000. Planning Capital Management Corp boosted its position in shares of Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares during the period. Finally, HM Payson & Co. grew its holdings in shares of Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after buying an additional 1,145 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily 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 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.