Q3 2017 EPS Estimates for Kinder Morgan Inc Decreased by US Capital Advisors (KMI)
Kinder Morgan Inc (NYSE:KMI) – Equities researchers at US Capital Advisors decreased their Q3 2017 earnings per share (EPS) estimates for Kinder Morgan in a research note issued to investors on Wednesday. US Capital Advisors analyst B. Followill now forecasts that the pipeline company will earn $0.15 per share for the quarter, down from their previous forecast of $0.16. US Capital Advisors has a “Overweight” rating on the stock. US Capital Advisors also issued estimates for Kinder Morgan’s Q4 2017 earnings at $0.17 EPS, FY2017 earnings at $0.64 EPS, Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.19 EPS and FY2018 earnings at $0.75 EPS.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 19th. The pipeline company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.01. Kinder Morgan had a return on equity of 4.20% and a net margin of 5.12%. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.36 billion. During the same period in the prior year, the company posted $0.12 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. WARNING: This piece was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/05/26/q3-2017-eps-estimates-for-kinder-morgan-inc-decreased-by-us-capital-advisors-kmi.html.
A number of other equities analysts have also weighed in on the stock. Credit Suisse Group AG set a $27.00 price target on shares of Kinder Morgan and gave the company a “buy” rating in a report on Thursday, April 20th. Vetr upgraded shares of Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $24.92 target price on the stock in a report on Monday, January 30th. Macquarie assumed coverage on shares of Kinder Morgan in a report on Friday, April 21st. They set a “neutral” rating and a $21.00 target price on the stock. Royal Bank of Canada restated a “hold” rating and set a $25.00 target price on shares of Kinder Morgan in a report on Friday, March 17th. Finally, Wells Fargo & Co restated an “outperform” rating and set a $25.00 target price (down previously from $26.50) on shares of Kinder Morgan in a report on Monday, May 15th. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $24.04.
Shares of Kinder Morgan (NYSE:KMI) opened at 19.42 on Friday. The stock’s 50 day moving average price is $20.44 and its 200-day moving average price is $21.32. Kinder Morgan has a 52-week low of $17.07 and a 52-week high of $23.36. The stock has a market cap of $43.35 billion, a price-to-earnings ratio of 64.30 and a beta of 0.73.
Institutional investors have recently modified their holdings of the company. Blenheim Capital Management BV purchased a new position in shares of Kinder Morgan during the fourth quarter worth approximately $102,000. First Bank & Trust raised its position in shares of Kinder Morgan by 9.4% in the first quarter. First Bank & Trust now owns 4,739 shares of the pipeline company’s stock worth $103,000 after buying an additional 408 shares in the last quarter. Trust Co. of Vermont raised its position in shares of Kinder Morgan by 71.5% in the first quarter. Trust Co. of Vermont now owns 6,522 shares of the pipeline company’s stock worth $142,000 after buying an additional 2,719 shares in the last quarter. Guardian Life Insurance Co. of America raised its position in shares of Kinder Morgan by 0.8% in the first quarter. Guardian Life Insurance Co. of America now owns 7,416 shares of the pipeline company’s stock worth $161,000 after buying an additional 60 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its position in shares of Kinder Morgan by 20.6% in the first quarter. Salem Investment Counselors Inc. now owns 7,959 shares of the pipeline company’s stock worth $171,000 after buying an additional 1,359 shares in the last quarter. Hedge funds and other institutional investors own 55.78% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 1st were issued a $0.125 dividend. The ex-dividend date was Thursday, April 27th. This represents a $0.50 dividend on an annualized basis and a yield of 2.57%. Kinder Morgan’s dividend payout ratio is currently 200.00%.
About Kinder Morgan
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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