Kinder Morgan, Inc. (KMI) Hits New 12-Month Low at $17.80

Kinder Morgan, Inc. (NYSE:KMI) reached a new 52-week low during trading on Thursday . The company traded as low as $17.80 and last traded at $0.00, with a volume of shares traded.

KMI has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $25.00 target price on shares of Kinder Morgan in a research report on Friday, July 14th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 target price on shares of Kinder Morgan in a research report on Thursday, July 20th. Raymond James Financial, Inc. reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Saturday, July 22nd. Finally, Mizuho initiated coverage on shares of Kinder Morgan in a research report on Thursday, July 27th. They issued a “neutral” rating and a $22.00 target price for the company. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $23.03.

The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $39,617.68, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 1.38 and a beta of 0.65.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The company had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.21 billion. During the same quarter in the previous year, the company earned ($0.10) EPS. Kinder Morgan’s revenue for the quarter was down 1.5% on a year-over-year basis. equities research analysts forecast that Kinder Morgan, Inc. will post 0.64 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Monday, October 30th. Kinder Morgan’s dividend payout ratio (DPR) is 89.29%.

Kinder Morgan declared that its board has authorized a share repurchase plan on Wednesday, July 19th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the pipeline company to buy up to 4.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Several institutional investors and hedge funds have recently added to or reduced their stakes in KMI. Heritage Trust Co lifted its stake in shares of Kinder Morgan by 457.7% during the 2nd quarter. Heritage Trust Co now owns 5,242 shares of the pipeline company’s stock valued at $101,000 after buying an additional 4,302 shares in the last quarter. Fiduciary Trust Co. purchased a new stake in Kinder Morgan in the 2nd quarter worth $115,000. Acrospire Investment Management LLC lifted its stake in Kinder Morgan by 30.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 6,814 shares of the pipeline company’s stock worth $131,000 after purchasing an additional 1,600 shares in the last quarter. Parallel Advisors LLC lifted its stake in Kinder Morgan by 14.0% in the 2nd quarter. Parallel Advisors LLC now owns 6,673 shares of the pipeline company’s stock worth $136,000 after purchasing an additional 819 shares in the last quarter. Finally, Trust Co. of Vermont lifted its stake in Kinder Morgan by 10.3% in the 2nd quarter. Trust Co. of Vermont now owns 7,197 shares of the pipeline company’s stock worth $138,000 after purchasing an additional 675 shares in the last quarter. Institutional investors own 59.09% of the company’s stock.

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Kinder Morgan Company Profile

Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.

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