In response to the FERC investigation, Tom Martin, president of Kinder Morgan Natural Gas Pipelines, said in a statement, "The FERC has chosen to interject itself in an unwarranted and unfair manner in the productive relationships between the companies and their customers". The stock has been rated an average of 1.75 by 14 Brokerage Firm. For the quarter ending Jun-17, 7 analysts have a mean sales target of 3,330.32 million whilst for the year ending Dec-17, 13 analysts have a mean target of 13,648.00 million. Kinder Morgan, Inc. experienced its Day High at 0.00%, with its Day Low of 16.06%. The company has a market cap of $50,094 million and there are 2,232,364,300 shares in outstanding. Similarly, the company's last 5 years high P/E ratio is 144.14 and low P/E is 31.16, whereas, the industry's and sector's high P/E for the past year is 36.46 and 29.8 respectively and low P/E ratio for the last 5 years is 10.76 for the industry and 8.61 for the Sector. MD now owns 3,633,836 shares of the company's stock worth $84,051,000 after buying an additional 302,010 shares during the last quarter. Finally, Stifel Nicolaus downgraded shares of Kinder Morgan from a "buy" rating to a "hold" rating and set a $24.00 target price for the company.in a research report on Tuesday, October 4th.
Analysts' mean recommendation for Kinder Morgan, Inc.'s (KMI) stands at 2.10.
While looking at the Stock's Performance, Kinder Morgan, Inc. now shows a Weekly Performance of 4.21%, where Monthly Performance is 8.31%, Quarterly performance is 11.42%, 6 Months performance is 4.9% and yearly performance percentage is 78.36%.
Kinder Morgan, Inc. (KMI) is in Raymond James's research list so their analyst rating change is noteworthy. That said, results were about 5% below budget, which matched the company's most recent guidance. Kinder Morgan has a one year low of $11.20 and a one year high of $23.36.
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What happened with Kinder Morgan this quarter? . Quaker Capital Investments LLC increased its position in shares of Kinder Morgan by 102.4% in the second quarter. (NYSE:KMI). These ratios are important while doing valuation of the company or the shares of the company. 3 given Buy rating to the stock whereas 1 analyst given UNDERPERFORM rating to stock and 11 analysts given HOLD rating.
Kinder Morgan Inc (NYSE:KMI) reported earnings that were below estimates for the fourth quarter of 2016. Although the majority of Ruby Pipeline's capacity is contracted until 2021, this quarter included a $250 million write down of the company's equity investment in the pipeline, driven by a delay in expected west coast natural gas demand growth to beyond 2021. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and global copyright & trademark law. SAROFIM FAYEZ now owns 38,378,712 shares in the company after this transaction.
The company's Natural Gas Pipelines segment was affected by the sale of a 50% interest in SNG. Institutional investors and hedge funds own 54.01% of the company's stock. The CO2 business segment produces transports and markets CO2.