Kinder Morgan Inc (KMI) Can’t Be More Risky. The Stock Formed a Bearish Double Bottom Pattern

September 17, 2017 - By Adrian Mccoy

Investors sentiment decreased to 0.94 in 2016 Q4. Its down 0.06, from 1 in 2016Q3. It is negative, as 86 investors sold Kinder Morgan Inc shares while 357 reduced holdings. 106 funds opened positions while 309 raised stakes. 1.22 billion shares or 2.82% more from 1.18 billion shares in 2016Q3 were reported.
Mitsubishi Ufj Secs Hldgs Company holds 0.01% or 120 shares in its portfolio. Fjarde Ap accumulated 0.16% or 339,373 shares. Tortoise Advsr Limited Liability accumulated 9.86 million shares. Dnb Asset Mngmt As stated it has 0% of its portfolio in Kinder Morgan Inc (NYSE:KMI). Panagora Asset owns 529,137 shares or 0.05% of their US portfolio. Washington Trust Bancshares holds 199,258 shares. Round Table Svcs Ltd Liability Corp has invested 0.46% in Kinder Morgan Inc (NYSE:KMI). 46,643 are held by Cleararc Cap. 26,842 are owned by Front Barnett Limited Liability. Middleton And Comm Ma reported 0.05% stake. Virginia Retirement Et Al reported 0.09% in Kinder Morgan Inc (NYSE:KMI). 2.57M were accumulated by Hbk Limited Partnership. Rockefeller Fincl Ser Inc holds 1.87% or 4.45 million shares in its portfolio. Scoria Lp owns 200,000 shares for 6.23% of their portfolio. Asset Strategies Incorporated reported 0.19% stake.

The chart of Kinder Morgan Inc (KMI) shows a double bottom with $18.20 target or 6.00 % below today’s $19.36 share price. The 9 months chart pattern indicates high risk for the $43.24B company. It was reported on Sep, 17 by Finviz.com. If the $18.20 price target is reached, the company will be worth $2.59 billion less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.10% or $0.02 on September 15, reaching $19.36. About 9.39 million shares traded or 2.74% up from the average. Kinder Morgan Inc (NYSE:KMI) has risen 13.09% since September 17, 2016 and is uptrending. It has underperformed by 3.61% the S&P500.

Analysts await Kinder Morgan Inc (NYSE:KMI) to report earnings on October, 18. They expect $0.15 earnings per share, down 6.25 % or $0.01 from last year’s $0.16 per share. KMI’s profit will be $335.02M for 32.27 P/E if the $0.15 EPS becomes a reality. After $0.14 actual earnings per share reported by Kinder Morgan Inc for the previous quarter, Wall Street now forecasts 7.14 % EPS growth.

Kinder Morgan Inc (NYSE:KMI) Ratings Coverage

Among 21 analysts covering Kinder Morgan (NYSE:KMI), 13 have Buy rating, 0 Sell and 8 Hold. Therefore 62% are positive. Kinder Morgan had 56 analyst reports since July 30, 2015 according to SRatingsIntel. On Wednesday, May 31 the stock rating was maintained by Raymond James with “Buy”. The stock of Kinder Morgan Inc (NYSE:KMI) earned “Hold” rating by Argus Research on Thursday, December 3. As per Thursday, June 22, the company rating was maintained by Jefferies. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, June 20. The stock of Kinder Morgan Inc (NYSE:KMI) earned “Buy” rating by Raymond James on Friday, July 21. Bernstein initiated the stock with “Market Perform” rating in Wednesday, May 11 report. The stock of Kinder Morgan Inc (NYSE:KMI) has “Neutral” rating given on Tuesday, July 19 by Citigroup. The company was upgraded on Thursday, January 28 by Stifel Nicolaus. As per Thursday, December 3, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating by Bank of America given on Monday, September 28.

More notable recent Kinder Morgan Inc (NYSE:KMI) news were published by: Seekingalpha.com which released: “Kinder Morgan: Political Risk Revisited” on September 12, 2017, also Reuters.com with their article: “Kinder Morgan Canada names contractors for embattled pipe expansion” published on September 07, 2017, Fool.com published: “The company controls a massive natural gas pipeline system.” on August 23, 2017. More interesting news about Kinder Morgan Inc (NYSE:KMI) were released by: Fool.com and their article: “Kinder Morgan fell behind its pipeline peers last month after outperforming in …” published on September 06, 2017 as well as Investorplace.com‘s news article titled: “3 Big Stock Charts for Monday: Kinder Morgan Inc (KMI), Marathon Oil …” with publication date: August 28, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.