Kinder Morgan, Inc. (NYSE:KMI) Expected to Post Earnings of $0.15 Per Share
Equities research analysts predict that Kinder Morgan, Inc. (NYSE:KMI) will announce $0.15 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Kinder Morgan’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.17. Kinder Morgan reported earnings per share of $0.16 in the same quarter last year, which would indicate a negative year over year growth rate of 6.3%. The company is expected to issue its next quarterly earnings results on Wednesday, October 18th.
On average, analysts expect that Kinder Morgan will report full year earnings of $0.65 per share for the current year, with EPS estimates ranging from $0.60 to $0.71. For the next financial year, analysts forecast that the firm will report earnings of $0.72 per share, with EPS estimates ranging from $0.61 to $0.80. Zacks’ EPS averages are a mean average based on a survey of research firms that follow Kinder Morgan.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 19th. The pipeline company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by $0.01. The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.12 billion. Kinder Morgan had a return on equity of 4.41% and a net margin of 6.20%. Kinder Morgan’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 EPS.
KMI has been the topic of several analyst reports. BMO Capital Markets set a $26.00 price objective on Kinder Morgan and gave the company a “buy” rating in a research note on Tuesday, June 20th. TD Securities set a $26.00 price objective on Kinder Morgan and gave the company a “buy” rating in a research note on Tuesday, June 20th. Vetr lowered Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $22.49 price objective on the stock. in a research note on Monday, April 24th. Credit Suisse Group set a $27.00 price objective on Kinder Morgan and gave the company a “buy” rating in a research note on Thursday, April 20th. Finally, Raymond James Financial, Inc. reiterated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $24.03.
In other news, insider Richard D. Kinder acquired 500,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were purchased at an average cost of $18.58 per share, for a total transaction of $9,290,000.00. Following the transaction, the insider now owns 234,712,353 shares of the company’s stock, valued at $4,360,955,518.74. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Dax Sanders acquired 2,600 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was purchased at an average price of $18.60 per share, for a total transaction of $48,360.00. The disclosure for this purchase can be found here. 13.99% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Narwhal Capital Management increased its position in Kinder Morgan by 44.7% in the first quarter. Narwhal Capital Management now owns 62,110 shares of the pipeline company’s stock worth $1,350,000 after buying an additional 19,180 shares during the period. Karpas Strategies LLC increased its position in Kinder Morgan by 0.5% in the first quarter. Karpas Strategies LLC now owns 100,715 shares of the pipeline company’s stock worth $2,190,000 after buying an additional 550 shares during the period. GSA Capital Partners LLP bought a new position in Kinder Morgan during the fourth quarter worth $305,000. Everett Harris & Co. CA increased its position in Kinder Morgan by 12.9% in the first quarter. Everett Harris & Co. CA now owns 127,345 shares of the pipeline company’s stock worth $2,768,000 after buying an additional 14,502 shares during the period. Finally, NBW Capital LLC increased its position in Kinder Morgan by 3.2% in the first quarter. NBW Capital LLC now owns 424,079 shares of the pipeline company’s stock worth $9,219,000 after buying an additional 13,284 shares during the period. Hedge funds and other institutional investors own 57.56% of the company’s stock.
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Shares of Kinder Morgan (NYSE KMI) traded down 1.764% on Monday, hitting $20.325. The stock had a trading volume of 4,728,390 shares. The stock has a market cap of $45.32 billion, a P/E ratio of 66.859 and a beta of 0.63. Kinder Morgan has a 1-year low of $18.31 and a 1-year high of $23.36. The firm’s 50-day moving average is $19.11 and its 200 day moving average is $20.73.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a $0.125 dividend. The ex-dividend date is Thursday, July 27th. This represents a $0.50 dividend on an annualized basis and a yield of 2.42%. Kinder Morgan’s payout ratio is 161.29%.
Kinder Morgan declared that its Board of Directors has approved a share buyback plan on Wednesday, July 19th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the pipeline company to purchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
Kinder Morgan Company Profile
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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