Kinder Morgan (NYSE:KMI) Downgraded to “Sell” at ValuEngine

ValuEngine cut shares of Kinder Morgan (NYSE:KMI) from a hold rating to a sell rating in a report issued on Thursday morning, ValuEngine reports.

KMI has been the subject of a number of other research reports. BMO Capital Markets lowered Kinder Morgan from an outperform rating to a market perform rating and set a $22.00 price objective for the company. in a research report on Monday, July 29th. Stifel Nicolaus lowered Kinder Morgan from a buy rating to a hold rating and set a $22.00 price target for the company. in a research report on Monday, June 17th. Raymond James lowered Kinder Morgan from an outperform rating to a market perform rating and set a $20.72 price target for the company. in a research report on Wednesday, June 26th. Johnson Rice assumed coverage on Kinder Morgan in a research report on Thursday, May 30th. They set a hold rating and a $21.00 price target for the company. Finally, Zacks Investment Research reiterated a buy rating and set a $23.00 price target on shares of Kinder Morgan in a research report on Saturday, June 29th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Kinder Morgan has an average rating of Hold and a consensus target price of $21.75.

Shares of NYSE KMI traded down $0.38 during trading on Thursday, reaching $19.83. The stock had a trading volume of 700,791 shares, compared to its average volume of 12,846,724. Kinder Morgan has a one year low of $14.62 and a one year high of $21.50. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $45.75 billion, a PE ratio of 22.20, a PEG ratio of 4.20 and a beta of 0.86. The stock has a 50 day simple moving average of $20.86.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Kinder Morgan had a net margin of 16.50% and a return on equity of 6.23%. The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the firm posted $0.20 earnings per share. Kinder Morgan’s revenue was down 6.2% compared to the same quarter last year. On average, sell-side analysts expect that Kinder Morgan will post 0.96 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date is Tuesday, July 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 112.36%.

In related news, insider Richard D. Kinder bought 177,542 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were bought at an average cost of $19.43 per share, with a total value of $3,449,641.06. Following the completion of the transaction, the insider now directly owns 240,579,496 shares of the company’s stock, valued at $4,674,459,607.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard D. Kinder bought 300,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were bought at an average cost of $19.68 per share, for a total transaction of $5,904,000.00. Following the completion of the transaction, the insider now directly owns 241,179,496 shares of the company’s stock, valued at $4,746,412,481.28. The disclosure for this purchase can be found here. Insiders have bought 777,542 shares of company stock worth $15,212,641 over the last ninety days. 13.95% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. Baugh & Associates LLC boosted its stake in shares of Kinder Morgan by 0.3% during the 2nd quarter. Baugh & Associates LLC now owns 189,197 shares of the pipeline company’s stock worth $3,950,000 after acquiring an additional 495 shares in the last quarter. SeaCrest Wealth Management LLC boosted its stake in shares of Kinder Morgan by 2.7% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 18,851 shares of the pipeline company’s stock worth $394,000 after acquiring an additional 497 shares in the last quarter. Osborn Williams & Donohoe LLC boosted its stake in shares of Kinder Morgan by 1.2% during the 2nd quarter. Osborn Williams & Donohoe LLC now owns 41,993 shares of the pipeline company’s stock worth $877,000 after acquiring an additional 500 shares in the last quarter. First Bank & Trust boosted its stake in shares of Kinder Morgan by 10.7% during the 2nd quarter. First Bank & Trust now owns 5,229 shares of the pipeline company’s stock worth $109,000 after acquiring an additional 507 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Kinder Morgan by 0.5% during the 1st quarter. Cullen Frost Bankers Inc. now owns 114,016 shares of the pipeline company’s stock worth $2,282,000 after acquiring an additional 520 shares in the last quarter. 62.56% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

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