Kinder Morgan Inc (NYSE:KMI) – Investment analysts at US Capital Advisors upped their Q3 2018 earnings per share estimates for shares of Kinder Morgan in a research note issued to investors on Wednesday. US Capital Advisors analyst B. Followill now anticipates that the pipeline company will earn $0.22 per share for the quarter, up from their previous estimate of $0.18. US Capital Advisors also issued estimates for Kinder Morgan’s FY2019 earnings at $0.94 EPS.
KMI has been the topic of a number of other research reports. Stifel Nicolaus reduced their price target on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, October 24th. Mizuho reissued a “hold” rating and set a $22.00 price target on shares of Kinder Morgan in a research note on Friday, October 20th. SunTrust Banks set a $23.00 price target on Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, October 19th. Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Finally, Goldman Sachs Group lowered Kinder Morgan from a “buy” rating to a “neutral” rating and increased their price target for the stock from $18.81 to $22.00 in a research note on Tuesday, October 17th. Two investment 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’s stock. Kinder Morgan presently has a consensus rating of “Hold” and a consensus price target of $22.72.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Kinder Morgan had a return on equity of 4.35% and a net margin of 1.34%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same quarter in the prior year, the company posted $0.08 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Tuesday, January 30th. Kinder Morgan’s dividend payout ratio (DPR) is currently 5,000.00%.
In other news, VP Thomas A. Martin bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were acquired at an average cost of $17.10 per share, with a total value of $51,300.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 13.99% of the company’s stock.
Several institutional investors have recently made changes to their positions in KMI. Thrivent Financial For Lutherans grew its stake in shares of Kinder Morgan by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 74,220 shares of the pipeline company’s stock valued at $1,422,000 after acquiring an additional 2,320 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in Kinder Morgan by 1.4% in the second quarter. Mutual of America Capital Management LLC now owns 233,790 shares of the pipeline company’s stock worth $4,479,000 after purchasing an additional 3,301 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in Kinder Morgan by 6.8% in the second quarter. UBS Asset Management Americas Inc. now owns 5,620,861 shares of the pipeline company’s stock worth $107,696,000 after purchasing an additional 355,767 shares in the last quarter. Pinebridge Investments L.P. grew its stake in Kinder Morgan by 59.1% in the second quarter. Pinebridge Investments L.P. now owns 32,562 shares of the pipeline company’s stock worth $624,000 after purchasing an additional 12,093 shares in the last quarter. Finally, ETRADE Capital Management LLC grew its stake in Kinder Morgan by 34.6% in the second quarter. ETRADE Capital Management LLC now owns 13,157 shares of the pipeline company’s stock worth $252,000 after purchasing an additional 3,380 shares in the last quarter. Institutional investors own 60.78% of the company’s stock.
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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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