Kinder Morgan (NYSE:KMI) Now Covered by Scotiabank

Scotiabank assumed coverage on shares of Kinder Morgan (NYSE:KMI) in a research note issued to investors on Friday morning, MarketBeat.com reports. The firm issued a sector perform rating and a $26.00 target price on the pipeline company’s stock.

Other research analysts also recently issued reports about the stock. Bank of America initiated coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. UBS Group increased their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, December 6th. Barclays raised 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. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research note on Friday, October 18th. Finally, Wells Fargo & Company boosted their price objective on Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.67.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $28.20 on Friday. The business’s fifty day simple moving average is $27.31 and its 200 day simple moving average is $23.73. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. Kinder Morgan has a 12 month low of $16.47 and a 12 month high of $28.82. The firm has a market capitalization of $62.65 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94.

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

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s dividend payout ratio is presently 100.88%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the sale, the president now owns 897,652 shares of the company’s stock, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average cost of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 745,263 shares of company stock valued at $18,578,014. 12.81% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kinder Morgan

Institutional investors and hedge funds have recently bought and sold shares of the stock. ORG Wealth Partners LLC raised its position in shares of Kinder Morgan by 7.1% during the 4th quarter. ORG Wealth Partners LLC now owns 16,674 shares of the pipeline company’s stock valued at $457,000 after buying an additional 1,099 shares in the last quarter. ORG Partners LLC raised its position in Kinder Morgan by 119.4% during the fourth quarter. ORG Partners LLC now owns 8,488 shares of the pipeline company’s stock valued at $233,000 after purchasing an additional 4,619 shares in the last quarter. Fortitude Family Office LLC lifted its stake in Kinder Morgan by 136.8% during the fourth quarter. Fortitude Family Office LLC now owns 1,897 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 1,096 shares during the last quarter. Fortem Financial Group LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth about $260,000. Finally, CWA Asset Management Group LLC increased its position in shares of Kinder Morgan by 6.0% during the 4th quarter. CWA Asset Management Group LLC now owns 63,099 shares of the pipeline company’s stock valued at $1,729,000 after purchasing an additional 3,592 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

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.