Kinder Morgan (NYSE:KMI) Upgraded to “Overweight” by US Capital Advisors

Kinder Morgan (NYSE:KMI) was upgraded by stock analysts at US Capital Advisors from a “hold” rating to an “overweight” rating in a research note issued to investors on Friday, PriceTargets.com reports.

A number of other research firms have also recently commented on KMI. The Goldman Sachs Group began coverage on Kinder Morgan in a report on Thursday, October 5th. They set a “buy” rating and a $20.00 price target on the stock. Stifel Nicolaus raised their price target on Kinder Morgan from $21.00 to $22.00 and gave the company a “hold” rating in a report on Tuesday, August 1st. Royal Bank of Canada restated a “sector perform” rating and set a $20.00 price objective on shares of Kinder Morgan in a research report on Thursday, July 20th. StockNews.com assumed coverage on Kinder Morgan in a research report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Pickering Energy Partners assumed coverage on Kinder Morgan in a research report on Tuesday, October 3rd. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan presently has a consensus rating of “Hold” and a consensus target price of $20.38.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $16.94 on Friday. Kinder Morgan has a one year low of $15.89 and a one year high of $19.35. The stock’s fifty day moving average is $16.72 and its 200 day moving average is $16.94. The stock has a market cap of $37.65 billion, a P/E ratio of 15.40, a P/E/G ratio of 5.13 and a beta of 0.97. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.30 and a current ratio of 0.39.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 18th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $4.64 billion. Kinder Morgan had a net margin of 15.54% and a return on equity of 7.78%. Kinder Morgan’s revenue was down 24.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share. Sell-side analysts anticipate that Kinder Morgan will post 1.1 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hartford Financial Management Inc. purchased a new position in Kinder Morgan in the third quarter worth about $26,000. VitalStone Financial LLC boosted its position in shares of Kinder Morgan by 1,451.0% during the second quarter. VitalStone Financial LLC now owns 1,551 shares of the pipeline company’s stock valued at $27,000 after buying an additional 1,451 shares during the period. First Capital Advisors Group LLC. purchased a new position in shares of Kinder Morgan during the second quarter valued at approximately $29,000. Creative Financial Designs Inc. ADV boosted its position in shares of Kinder Morgan by 57.6% during the second quarter. Creative Financial Designs Inc. ADV now owns 1,732 shares of the pipeline company’s stock valued at $30,000 after buying an additional 633 shares during the period. Finally, OFI Invest Asset Management purchased a new position in shares of Kinder Morgan during the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 62.33% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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.