Bank of America Securities Remains a Buy on Kinder Morgan (KMI)

In a report released yesterday, Jean Ann Salisbury from Bank of America Securities reiterated a Buy rating on Kinder Morgan, with a price target of $39.00. The company’s shares closed yesterday at $33.96.

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According to TipRanks, Ann Salisbury is a 4-star analyst with an average return of 7.7% and a 67.12% success rate. Ann Salisbury covers the Energy sector, focusing on stocks such as Chevron, Venture Global, Inc. Class A, and Exxon Mobil.

In addition to Bank of America Securities, Kinder Morgan also received a Buy from Barclays’s Theresa Chen in a report issued on February 20. However, yesterday, Morgan Stanley maintained a Hold rating on Kinder Morgan (NYSE: KMI).

Based on Kinder Morgan’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.51 billion and a net profit of $996 million. In comparison, last year the company earned a revenue of $3.97 billion and had a net profit of $667 million

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is neutral on the stock. Last month, ASHLEY ANTHONY B , the VP (President, CO2 and ETV) of KMI sold 8,000.00 shares for a total of $255,520.00.