Kinder Morgan (NYSE:KMI) posted its quarterly earnings data on Tuesday. The pipeline company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03, Bloomberg Earnings reports. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the previous year, the firm earned $0.08 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis.

Shares of Kinder Morgan (KMI) traded up $0.18 during midday trading on Wednesday, hitting $19.57. The stock had a trading volume of 19,500,000 shares, compared to its average volume of 14,260,000. Kinder Morgan has a 1 year low of $16.68 and a 1 year high of $23.01. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.42 and a quick ratio of 0.35. The stock has a market cap of $43,700.00, a PE ratio of 34.95, a PEG ratio of 1.33 and a beta of 0.62.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.55%. Kinder Morgan’s dividend payout ratio is presently 89.29%.

KMI has been the topic of several research analyst reports. Royal Bank of Canada reissued a “hold” rating and issued a $22.00 price objective on shares of Kinder Morgan in a research report on Wednesday, November 15th. Goldman Sachs Group cut Kinder Morgan from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $18.81 to $22.00 in a research report on Tuesday, October 17th. Stifel Nicolaus cut their price objective on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, October 24th. Morgan Stanley cut their price objective on Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, November 17th. Finally, BMO Capital Markets set a $26.00 price objective on Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $22.72.

In other news, VP Thomas A. Martin purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were purchased at an average price of $17.10 per share, with a total value of $51,300.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 13.99% of the stock is owned by corporate insiders.

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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.

Earnings History for Kinder Morgan (NYSE:KMI)

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