Kinder Morgan Inc (KMI) on Focus After Trading At 52-Week Lows

Mae Love
November 13, 2017

After $0.15 actual earnings per share reported by Kinder Morgan Inc for the previous quarter, Wall Street now forecasts 13.33% EPS growth. Fairfield Bush & CO. now owns 31,950 shares of the company's stock worth $598,000 after buying an additional 80 shares during the last quarter. It worsened, as 70 investors sold Kinder Morgan Inc shares while 349 reduced holdings. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions. Heritage Trust Co raised its holdings in Kinder Morgan by 457.7% during the 2nd quarter. Its investment was valued at $38,964,000 a decrease of 9.2% as of the end of the quarter. Camden Asset Management L P /ca now controls 1,171,900 shares worth $22,477,000. Quadrant Capital Group LLC increased its position in Kinder Morgan by 3.4% in the third quarter. Parallel Advisors LLC now owns 6,673 shares of the pipeline company's stock valued at $136,000 after buying an additional 819 shares during the period. The fund owned 117,568 shares of the company's stock after selling 3,700 shares during the period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company.

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Petroleum & Resources Corp decreased Kinder Morgan Inc Del (KMI) stake by 20.15% reported in 2017Q2 SEC filing. Wellington Management Gp Llp stated it has 0.31% of its portfolio in Kinder Morgan Inc (NYSE:KMI). The company's price to sales ratio for trailing twelve months is 11.53 and price to book ratio for most recent quarter is 5.10, whereas price to cash per share for the most recent quarter is 11.51. The company has a market capitalization of $39,260.00, a PE ratio of 27.18, a P/E/G ratio of 1.37 and a beta of 0.65. Kinder Morgan, Inc. has a fifty-two week low of $17.59 and a fifty-two week high of $23.01. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.96. The New York-based Deltec Asset Mgmt Limited Liability Corporation has invested 0.37% in Kinder Morgan Inc (NYSE:KMI). The business had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.21 billion. The company reported revenue of $3.5 Billion in the same period past year. Associated Banc holds 0.18% of its portfolio in Kinder Morgan Inc (NYSE:KMI) for 168,134 shares.

Kinder Morgan declared that its board has approved a share buyback program on Wednesday, July 19th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization permits the pipeline company to purchase up to 4.6% of its shares through open market purchases. The company moved in the past week with shift of -0.39%. There has been an observed change of 0.17% in the ownership of the shares in the past six months. The ex-dividend date is Monday, October 30th. This represents a $0.50 annualized dividend and a dividend yield of 2.83%. Kinder Morgan's dividend payout ratio (DPR) is presently 89.29%. BMO Capital Markets has "Buy" rating and $2600 target. Heritage Trust Co increased its position in shares of Kinder Morgan by 457.7% during the second quarter. Stifel Nicolaus dropped their price target on Kinder Morgan from $25.00 to $22.00 and set a "buy" rating on the stock in a research note on Tuesday, October 24th. SunTrust Banks, Inc. set a $23.00 price objective on shares of Kinder Morgan and gave the company a "buy" rating in a report on Thursday, October 19th. Kinder Morgan had 66 analyst reports since July 30, 2015 according to SRatingsIntel. On October 20 Mizuho held the stock rating at "Hold" with a current price target of $22.00. "(KMI) Shares Bought by CI Investments Inc." was published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this article on another website, it was copied illegally and reposted in violation of USA and global copyright law. Earnings per share serves as an indicator of a company's profitability. The Company segments include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other. It operates through five divisions. The Company's Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.

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