Kinder Morgan (KMI) Coverage Initiated at Credit Suisse Group

Analysts at Credit Suisse Group began coverage on shares of Kinder Morgan (NYSE:KMI) in a research note issued to investors on Thursday. The firm set an “outperform” rating and a $23.00 price target on the pipeline company’s stock. Credit Suisse Group’s price target indicates a potential upside of 21.37% from the company’s previous close.

Several other analysts also recently commented on KMI. BMO Capital Markets set a $26.00 price objective on Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, October 12th. Goldman Sachs Group downgraded Kinder Morgan from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $18.81 to $22.00 in a research note on Tuesday, October 17th. Zacks Investment Research downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Citigroup lowered their price objective on Kinder Morgan from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, October 17th. Finally, SunTrust Banks set a $23.00 price objective on Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.72.

Kinder Morgan (NYSE KMI) opened at $18.95 on Thursday. The stock has a market capitalization of $42,320.00, a P/E ratio of 33.84, a price-to-earnings-growth ratio of 1.35 and a beta of 0.62. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.96. Kinder Morgan has a fifty-two week low of $16.68 and a fifty-two week high of $23.01.

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

In other Kinder Morgan news, VP Thomas A. Martin purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was bought at an average cost of $17.10 per share, with a total value of $51,300.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.99% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth Bank of Australia increased its position in shares of Kinder Morgan by 45.9% during the second quarter. Commonwealth Bank of Australia now owns 19,733,993 shares of the pipeline company’s stock valued at $378,101,000 after acquiring an additional 6,205,165 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Kinder Morgan by 17.2% during the third quarter. Dimensional Fund Advisors LP now owns 13,950,108 shares of the pipeline company’s stock valued at $267,575,000 after acquiring an additional 2,048,560 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its position in shares of Kinder Morgan by 11.0% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 13,908,625 shares of the pipeline company’s stock valued at $266,767,000 after acquiring an additional 1,373,610 shares during the last quarter. Legal & General Group Plc increased its position in shares of Kinder Morgan by 6.0% during the third quarter. Legal & General Group Plc now owns 11,314,018 shares of the pipeline company’s stock valued at $217,014,000 after acquiring an additional 636,683 shares during the last quarter. Finally, Brookfield Asset Management Inc. increased its position in shares of Kinder Morgan by 4.3% during the second quarter. Brookfield Asset Management Inc. now owns 10,843,859 shares of the pipeline company’s stock valued at $207,769,000 after acquiring an additional 447,389 shares during the last quarter. 60.73% of the stock is owned by institutional investors.

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About Kinder Morgan

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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