Morgan Stanley Upgrades Kinder Morgan Inc to Overweight with Price Target $24.00

Brokerage firm Morgan Stanley Upgrades its rating on Kinder Morgan Inc(NYSE:KMI). In a research note issued to the investors, the brokerage major Raises the price-target to $24.00 per share. The shares have been rated Overweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by Morgan Stanley was issued on Aug 18, 2016.

In a different note, On Jul 19, 2016, Citigroup said it Maintains its rating on Kinder Morgan Inc. In the research note, the firm Raises the price-target to $20.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 18, 2016, Barclays said it Maintains its rating on Kinder Morgan Inc. In the research note, the firm Raises the price-target to $20.00 per share. The shares have been rated ‘Overweight’ by the firm.

Kinder Morgan Inc (KMI) made into the market gainers list on Mondays trading session with the shares advancing 1.40% or 0.3 points. Due to strong positive momentum, the stock ended at $21.77, which is also near the day’s high of $21.8. The stock began the session at $21.39 and the volume stood at 1,02,25,439 shares. The 52-week high of the shares is $33.07 and the 52 week low is $11.2. The company has a current market capitalization of $48,598 M and it has 2,23,23,23,400 shares in outstanding.

Kinder Morgan Inc(KMI) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.14B. Analysts had an estimated revenue of $3.43B. Earnings per share were $0.15. Analysts had estimated an EPS of $0.15.

Several Insider Transactions has been reported to the SEC. On Feb 2, 2016, Dax Sanders (V.P. Corporate Development) purchased 3,000 shares at $15.32 per share price.Also, On Jan 27, 2016, Michael C Morgan (director) purchased 180,000 shares at $14.20 per share price.On Nov 23, 2015, Ronald G. Mcclain (V.P. (Pres.Products Pipelines) purchased 2,500 shares at $22.82 per share price, according to the Form-4 filing with the securities and exchange commission.

Kinder Morgan Inc. (KMI) is an energy infrastructure and energy company in North America. The Company operates through six segments: Natural Gas Pipelines CO2 Terminals Products Pipelines Kinder Morgan Canada and Other. The Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals. The CO2 business segment produces transports and markets CO2. The Terminals segment includes the operations of its petroleum chemical ethanol and other liquids terminal facilities and all of its coal petroleum coke fertilizer steel ores and other dry-bulk material services facilities. The Products Pipelines segment consists of refined petroleum products crude oil and condensate and NGL pipelines and associated terminals Southeast terminals and its transmix processing facilities. The Kinder Morgan Canada segment includes its 100% owned and operated Trans Mountain pipeline system and a 25-mile Jet Fuel pipeline system.

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