Brokerages Expect Kinder Morgan Inc (KMI) to Post $0.23 EPS

Brokerages expect that Kinder Morgan Inc (NYSE:KMI) will announce earnings of $0.23 per share for the current quarter, Zacks reports. Three analysts have made estimates for Kinder Morgan’s earnings, with estimates ranging from $0.19 to $0.26. Kinder Morgan posted earnings of $0.21 per share during the same quarter last year, which indicates a positive year over year growth rate of 9.5%. The firm is expected to issue its next quarterly earnings results on Wednesday, July 17th.

On average, analysts expect that Kinder Morgan will report full year earnings of $0.98 per share for the current financial year, with EPS estimates ranging from $0.94 to $1.01. For the next year, analysts forecast that the firm will report earnings of $1.04 per share, with EPS estimates ranging from $0.97 to $1.12. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Kinder Morgan.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.63 billion. Kinder Morgan had a return on equity of 6.13% and a net margin of 11.59%. Kinder Morgan’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 earnings per share.



A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. cut Kinder Morgan from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $21.00 to $22.00 in a research report on Friday, March 22nd. Raymond James cut Kinder Morgan from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, April 16th. They noted that the move was a valuation call. Zacks Investment Research cut Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Goldman Sachs Group cut Kinder Morgan from a “conviction-buy” rating to a “buy” rating and set a $23.00 price objective on the stock. in a research report on Thursday, March 28th. Finally, Jefferies Financial Group cut Kinder Morgan from a “buy” rating to a “hold” rating and boosted their price objective for the company from $19.00 to $20.00 in a research report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $21.82.

Shares of KMI traded up $0.10 on Friday, reaching $20.06. 9,645,323 shares of the stock traded hands, compared to its average volume of 13,265,251. The stock has a market cap of $44.25 billion, a PE ratio of 22.54, a P/E/G ratio of 2.96 and a beta of 0.95. The company has a current ratio of 0.45, a quick ratio of 0.37 and a debt-to-equity ratio of 0.97. Kinder Morgan has a 12 month low of $14.62 and a 12 month high of $20.57.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a $0.25 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.00 annualized dividend and a yield of 4.99%. Kinder Morgan’s payout ratio is currently 112.36%.

In related news, Chairman Richard D. Kinder purchased 300,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The shares were acquired at an average price of $19.23 per share, with a total value of $5,769,000.00. Following the purchase, the chairman now directly owns 237,911,657 shares in the company, valued at $4,575,041,164.11. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Deborah Macdonald purchased 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average cost of $19.89 per share, for a total transaction of $49,725.00. Following the purchase, the director now owns 25,328 shares in the company, valued at $503,773.92. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 3,153,964 shares of company stock worth $61,704,269. 13.95% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. lifted its stake in shares of Kinder Morgan by 0.5% during the first quarter. Cullen Frost Bankers Inc. now owns 114,016 shares of the pipeline company’s stock valued at $2,282,000 after acquiring an additional 520 shares during the period. Victory Capital Management Inc. increased its holdings in Kinder Morgan by 1.9% in the first quarter. Victory Capital Management Inc. now owns 28,517 shares of the pipeline company’s stock valued at $571,000 after purchasing an additional 530 shares during the last quarter. Capital Investment Advisors LLC increased its holdings in Kinder Morgan by 0.6% in the first quarter. Capital Investment Advisors LLC now owns 92,693 shares of the pipeline company’s stock valued at $1,855,000 after purchasing an additional 543 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in Kinder Morgan by 1.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 32,473 shares of the pipeline company’s stock valued at $499,000 after purchasing an additional 554 shares during the last quarter. Finally, We Are One Seven LLC increased its holdings in Kinder Morgan by 5.2% in the first quarter. We Are One Seven LLC now owns 11,543 shares of the pipeline company’s stock valued at $230,000 after purchasing an additional 570 shares during the last quarter. 63.60% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

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Earnings History and Estimates for Kinder Morgan (NYSE:KMI)

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