Kinder Morgan (NYSE:KMI) Given “Hold” Rating at Truist Financial

Kinder Morgan (NYSE:KMIGet Free Report)‘s stock had its “hold” rating reaffirmed by equities research analysts at Truist Financial in a note issued to investors on Monday, Marketbeat reports. They currently have a $20.00 price objective on the pipeline company’s stock, down from their previous price objective of $22.00. Truist Financial’s price objective points to a potential upside of 10.74% from the stock’s previous close.

Separately, downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $20.20.

Read Our Latest Report on KMI

Kinder Morgan Trading Down 0.3 %

Shares of Kinder Morgan stock opened at $18.06 on Monday. The stock has a market capitalization of $40.08 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 5.06 and a beta of 0.90. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.88. Kinder Morgan has a 12-month low of $15.89 and a 12-month high of $18.31. The company has a 50-day simple moving average of $17.33 and a 200 day simple moving average of $17.19.

Kinder Morgan (NYSE:KMIGet Free Report) last issued its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.40 billion. Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. The firm’s revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 EPS. Research analysts expect that Kinder Morgan will post 1.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $18.00, for a total transaction of $135,000.00. Following the sale, the vice president now owns 3,219 shares of the company’s stock, valued at $57,942. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 12.64% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its holdings in shares of Kinder Morgan by 44.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 327,975 shares of the pipeline company’s stock valued at $5,785,000 after acquiring an additional 100,400 shares in the last quarter. Addis & Hill Inc bought a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $399,000. SageView Advisory Group LLC boosted its holdings in shares of Kinder Morgan by 13.8% in the 4th quarter. SageView Advisory Group LLC now owns 23,460 shares of the pipeline company’s stock valued at $404,000 after buying an additional 2,853 shares during the last quarter. Creekmur Asset Management LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at $152,000. Finally, EP Wealth Advisors LLC raised its position in Kinder Morgan by 14.1% during the fourth quarter. EP Wealth Advisors LLC now owns 74,764 shares of the pipeline company’s stock worth $1,319,000 after acquiring an additional 9,231 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

About Kinder Morgan

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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.

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