Kinder Morgan (NYSE:KMI) Stock Price Up 13.6%

Shares of Kinder Morgan Inc (NYSE:KMI) rose 13.6% during mid-day trading on Wednesday . The company traded as high as $12.94 and last traded at $14.63, approximately 12,613,921 shares changed hands during trading. A decline of 57% from the average daily volume of 29,000,048 shares. The stock had previously closed at $12.88.

KMI has been the topic of a number of recent analyst reports. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $16.00 price target on the stock in a research report on Tuesday. Zacks Investment Research raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, December 24th. Mizuho reissued a “buy” rating and issued a $23.00 target price on shares of Kinder Morgan in a research report on Thursday, January 30th. ValuEngine raised Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, Morgan Stanley raised Kinder Morgan from an “underweight” rating to an “equal weight” rating in a research report on Monday, March 16th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Kinder Morgan has an average rating of “Hold” and an average target price of $21.12.

The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 0.94. The firm has a 50-day moving average of $18.38 and a 200-day moving average of $20.01. The stock has a market capitalization of $29.17 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 3.23 and a beta of 0.84.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 22nd. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.62 billion. Kinder Morgan had a return on equity of 6.29% and a net margin of 16.58%. The firm’s revenue was down 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. On average, equities research analysts anticipate that Kinder Morgan Inc will post 1 EPS for the current year.

In related news, Chairman Richard D. Kinder purchased 300,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $18.88 per share, with a total value of $5,664,000.00. Following the transaction, the chairman now owns 243,739,120 shares of the company’s stock, valued at $4,601,794,585.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael C. Morgan sold 309,370 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $21.89, for a total value of $6,772,109.30. The disclosure for this sale can be found here. Insiders have acquired a total of 1,400,000 shares of company stock worth $24,858,000 over the last ninety days. 13.95% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in KMI. Simon Quick Advisors LLC boosted its stake in shares of Kinder Morgan by 22.6% during the 4th quarter. Simon Quick Advisors LLC now owns 2,574 shares of the pipeline company’s stock worth $54,000 after acquiring an additional 474 shares in the last quarter. World Asset Management Inc boosted its stake in shares of Kinder Morgan by 0.4% during the 4th quarter. World Asset Management Inc now owns 142,493 shares of the pipeline company’s stock worth $3,017,000 after acquiring an additional 529 shares in the last quarter. Fiduciary Financial Services of The Southwest Inc. TX boosted its stake in shares of Kinder Morgan by 1.0% during the 4th quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 56,766 shares of the pipeline company’s stock worth $1,202,000 after acquiring an additional 553 shares in the last quarter. Coastal Investment Advisors Inc. boosted its stake in shares of Kinder Morgan by 10.4% during the 4th quarter. Coastal Investment Advisors Inc. now owns 5,907 shares of the pipeline company’s stock worth $119,000 after acquiring an additional 555 shares in the last quarter. Finally, Jacobi Capital Management LLC boosted its stake in shares of Kinder Morgan by 8.2% during the 4th quarter. Jacobi Capital Management LLC now owns 7,485 shares of the pipeline company’s stock worth $158,000 after acquiring an additional 570 shares in the last quarter. 62.40% of the stock is currently owned by institutional investors.

Kinder Morgan Company Profile (NYSE:KMI)

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.

Further Reading: What is the Quick Ratio?

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