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Actionable news in KMI: KINDER MORGAN Inc,

Kinder Morgan (KMI) Stock Down Amid Falling Oil Prices

NEW YORK (TheStreet) -- Kinder Morgan (KMI - Get Report) stock is down by 2.54% to $26.81 in late afternoon trading on Wednesday, amid slumping oil prices.

WTI Crude is down by 2.84% to $46.54 per barrel, while Brent crude is down by 3.50% to $48.77 per barrel this afternoon, according to the CNBC index.

Oil prices are falling due to higher than expected crude stockpiles and OPEC expectations that lackluster demand will put pressure on prices, Reuters reports.

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U.S. crude oil inventories remain near levels not seen for this time of year in at least the last 80 years, according to a EIA report this week.

Kinder Morgan is an energy infrastructure company that transports natural gas, crude oil, carbon dioxide and refine petroleum products.

Separately, TheStreet Ratings team rates KINDER MORGAN INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

We rate KINDER MORGAN INC (KMI) a HOLD. The primary...