Regional tensions flare over fate of Canada's pipeline project

Michele Moreno
June 4, 2017

The lowest 12-month price target for the shares is $19.00, which would be an increase of about 0% of its current value. Princeton Alpha Management LP's holdings in Kinder Morgan were worth $486,000 as of its most recent SEC filing. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Alexandria Capital Ltd Liability Company stated it has 0.04% of its portfolio in Philip Morris International Inc. The legal version of this piece can be viewed at

The Relative Volume of the company is 2.18 and Average Volume (3 months) is 11.63 million. Livingston Asset (Operating As Southport Capital Management) invested in 0.3% or 23,790 shares.

Still, Ian Anderson, president of Kinder Morgan Canada Ltd., sounded optimistic. The company now has a Return on Equity of 2% and a Return on Investment of 2.7%.

WARNING: "Kinder Morgan Inc (KMI) Stake Raised by Parsec Financial Management Inc." was originally published by Markets Daily and is owned by of Markets Daily. Latest closing price was -7.62% below its 50-day moving average and -11.09% below its 200-day moving average. During the last 52 weeks, the KMI price has been as high as $23.36 and as low as $17.07. Kinder Morgan also was the recipient of unusually large options trading on Tuesday. Stock traders purchased 9,830 put options on the stock. This is an increase of approximately 202% compared to the average volume of 3,252 put options. Bluecrest Cap Mgmt Ltd has invested 0.08% in Kinder Morgan Inc (NYSE:KMI). The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.18 by $0.01. The Return on Equity (ROE) value stands at 2%. Teacher Retirement Of Texas holds 1.16 million shares or 0.17% of its portfolio. The business's revenue was up 7.2% on a year-over-year basis. After posting $0.17 EPS for the previous quarter, Kinder Morgan Inc's analysts now forecast -5.88 % negative EPS growth.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were issued a $0.125 dividend. Kinder Morgan said it fulfilled the final requirement for it to proceed with the Trans Mountain expansion.

WARNING: This piece of content was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and worldwide trademark and copyright laws. Winfield reported 792 shares or 0.01% of all its holdings.

A number of analysts recently commented on the stock.

Parsons Capital Management Inc decreased Kinder Morgan Inc Del (KMI) stake by 51.82% reported in 2016Q4 SEC filing.

Kinder Morgan proceeded Tuesday with its initial public offering (IPO) for the expansion but its shares opened below the price set for the IPO. Wells Fargo & Co reaffirmed an "outperform" rating and issued a $25.00 price target (down from $26.50) on shares of Kinder Morgan in a research note on Monday, May 15th. Credit Suisse Group AG set a $27.00 target price on shares of Kinder Morgan and gave the stock a "buy" rating in a report on Thursday, April 20th. RBC Capital Markets maintained Kinder Morgan Inc (NYSE:KMI) on Friday, January 29 with "Sector Perform" rating. The stock has dropped -20.57% from its peak and the consensus price target for the stock is $25.53 a share. The company has an average rating of "Buy" and a consensus target price of $24.04. The shares were acquired at an average cost of $18.58 per share, for a total transaction of $9,290,000.00. Also, VP Dax Sanders purchased 2,600 shares of the business's stock in a transaction dated Tuesday, May 30th. The disclosure for this purchase can be found here.

The company was under the gun to make an FID by the end of this month, since its agreement with 13 shippers that have allocations for new pipeline capacity on the expanded pipeline was contingent on the company taking an FID by then.

The second reason investors need not worry too much is that a potential stop of the Trans Mountain pipeline expansion would not break Kinder Morgan's neck at all: The company would not be able to deliver on one of its key growth projects, but on the other hand that would leave a lot of money available for other purposes. It operates through five segments.

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