Kinder Morgan Inc (NYSE:KMI) shares are suffering yet again this morning, falling to new 52-week lows before rebounding a bit after open. If today’s share price closes lower than Friday’s close, it would mark the 8th consecutive trading day that the stock has declined.
Certainly lower oil prices are not helping matters for shareholders, many of whom are questioning when the destruction fo equity will finally be brought to a halt. With a divided yield of over 12% and shares of Kinder Morgan Inc (NYSE:KMI) dropping close to 50% over the last two months, we are wondering the same. The stock is down 3.51% or $0.59 following the news, hitting $16.23 per share. Approximately 22.07M shares traded hands. KMI shares have declined 60.73% since May 4, 2015 and are currently downtrending. It has underperformed the S&P500 by 59.65%.
From a total of 8 analysts covering Kinder Morgan (NYSE:KMI) stock, 5 rate it a “Buy”, 0 a “Sell”, and 3 a “Hold”. This means that 63% of the ratings are positive. The highest target price is $44 while the lowest target price is $29. The mean of all analyst targets is $36.22 which is 123.17% above today’s ($16.23) stock price. Kinder Morgan was the topic of 18 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Argus Research downgraded shares on December 3 to a “Hold” rating. Bank of America maintained shares with a”Buy” rating and a $44 target share price in their report from a September 28. Barclays Capital maintained KMI stock in a recent report from October 22 with a “Overweight” rating. Finally, Credit Suisse downgraded the stock to a “Neutral” rating in a report they issued on an October 22.
The institutional sentiment decreased to 1.18 in Q2 2015. It’s down 0.15, from 1.33 in 2015Q1. The ratio dived, as 86 funds sold all their Kinder Morgan Inc shares they owned while 413 reduced their positions. 106 funds bought stakes while 483 increased their total positions. Institutions now own 1.17 billion shares which is 2.97% less than the previous share count of 1.21 billion in 2015Q1.
Highstar Capital Lp holds 100% of its total portfolio in Kinder Morgan Inc, equating to 68.87 million shares. Travelers Companies Inc. owns 1.64 million shares representing 16.62% of their total US portfolio. Moreover, Rare Infrastructure Ltd has 14.64% of their total portfolio invested in the company, equating to 9.63 million shares. The New York-based C V Starr & Co Inc has a total of 13.21% of their portfolio invested in the stock. Endurance Wealth Management Inc., a Rhode Island-based fund reported 1.61 million shares owned.
Kinder Morgan, Inc. is an energy infrastructure and energy firm in North America. The company has a market cap of $36.23 billion. The Firm operates through six divisions: Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada and Other. It has 31.03 P/E ratio. The Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.