Truist Financial analyst Neal Dingmann maintained a Buy rating on Kinder Morgan (KMI – Research Report) on November 7 and set a price target of $22.00. The company’s shares closed yesterday at $16.34.
According to TipRanks, Dingmann is a top 25 analyst with an average return of 29.7% and a 72.40% success rate. Dingmann covers the Energy sector, focusing on stocks such as APA, Crescent Energy Company Class A, and Civitas Resources.
In addition to Truist Financial, Kinder Morgan also received a Buy from Mizuho Securities’s Gabe Moreen in a report issued on November 7. However, on the same day, Bank of America Securities reiterated a Hold rating on Kinder Morgan (NYSE: KMI).
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KMI market cap is currently $36.79B and has a P/E ratio of 15.13.
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Kinder Morgan (KMI) Company Description:
Texas-based Kinder Morgan, Inc. is an energy infrastructure company. The company is engaged in the operation of pipelines and terminals that transport natural gas, gasoline, crude oil, carbon dioxide (CO2) and other products. It also stores petroleum products, chemicals and handles bulk materials like ethanol, coal, petroleum coke and steel. It operates through the following segments: Natural Gas Pipelines, CO2, Terminals, and Products Pipelines.
Read More on KMI:
- NextEra to sell Texas natural gas pipeline portfolio for $1.815B to Kinder
- NextEra Energy Partners, LP announces sale agreement for Texas natural gas pipeline portfolio
- Kinder Morgan to buy NextEra Energy Partner’s STX Midstream for $1.8B
- Kinder Morgan files automatic mixed securities shelf
- Kinder Morgan reports Q3 EPS 24c, consensus 26c
