Kinder Morgan Inc (KMI) Expected to Post Q4 2017 Earnings of $0.18 Per Share
Kinder Morgan Inc (NYSE:KMI) – Analysts at Jefferies Group raised their Q4 2017 earnings per share (EPS) estimates for shares of Kinder Morgan in a research report issued on Friday. Jefferies Group analyst C. Sighinolfi now forecasts that the pipeline company will earn $0.18 per share for the quarter, up from their prior estimate of $0.17.
Several other research firms also recently commented on KMI. Credit Suisse Group began coverage on Kinder Morgan in a research note on Thursday, January 4th. They set an “outperform” rating and a $23.00 price objective for the company. Zacks Investment Research downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. BMO Capital Markets set a $26.00 price objective on Kinder Morgan and gave the company a “buy” rating in a research note on Thursday, October 12th. Wells Fargo & Co reaffirmed a “market perform” rating on shares of Kinder Morgan in a research note on Thursday. Finally, Bank of America began coverage on Kinder Morgan in a research note on Tuesday, January 9th. They set a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $22.72.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.21 billion. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The business’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.10) EPS.
In other Kinder Morgan news, VP Thomas A. Martin bought 3,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was acquired at an average cost of $17.10 per share, with a total value of $51,300.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 13.99% of the company’s stock.
Several hedge funds have recently modified their holdings of KMI. Renaissance Technologies LLC raised its stake in shares of Kinder Morgan by 133.5% during the 2nd quarter. Renaissance Technologies LLC now owns 8,210,372 shares of the pipeline company’s stock worth $157,311,000 after buying an additional 4,694,441 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Kinder Morgan by 22.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,901,548 shares of the pipeline company’s stock worth $228,029,000 after buying an additional 2,217,905 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Kinder Morgan by 307.5% during the 3rd quarter. Mackenzie Financial Corp now owns 2,881,569 shares of the pipeline company’s stock worth $55,268,000 after buying an additional 2,174,518 shares in the last quarter. Cohen & Steers Inc. raised its stake in shares of Kinder Morgan by 22.7% during the 3rd quarter. Cohen & Steers Inc. now owns 9,743,540 shares of the pipeline company’s stock worth $186,881,000 after buying an additional 1,801,348 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. raised its stake in shares of Kinder Morgan by 11.0% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 13,908,625 shares of the pipeline company’s stock worth $266,767,000 after buying an additional 1,373,610 shares in the last quarter. 60.73% of the stock is owned by institutional investors and hedge funds.
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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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