Kinder Morgan Inc (NYSE:KMI) – Research analysts at US Capital Advisors lifted their Q1 2018 earnings estimates for shares of Kinder Morgan in a research note issued to investors on Wednesday. US Capital Advisors analyst B. Followill now expects that the pipeline company will post earnings per share of $0.22 for the quarter, up from their prior forecast of $0.18. US Capital Advisors also issued estimates for Kinder Morgan’s Q2 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.22 EPS and FY2018 earnings at $0.87 EPS.
KMI has been the topic of several other reports. Stifel Nicolaus reduced their target price on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, October 24th. Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Goldman Sachs Group lowered Kinder Morgan from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $18.81 to $22.00 in a report on Tuesday, October 17th. Morgan Stanley reduced their target price on Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, November 17th. Finally, SunTrust Banks set a $23.00 target price on Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $22.72.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same period in the previous year, the firm earned $0.08 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year.
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 issued a $0.125 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.63%. Kinder Morgan’s dividend payout ratio (DPR) is 5,000.00%.
In other news, VP Thomas A. Martin purchased 3,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were bought at an average cost of $17.10 per share, for a total transaction of $51,300.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 13.99% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Viking Fund Management LLC increased its position in shares of Kinder Morgan by 74.7% in the fourth quarter. Viking Fund Management LLC now owns 965,000 shares of the pipeline company’s stock valued at $17,438,000 after acquiring an additional 412,500 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Kinder Morgan by 216.6% in the fourth quarter. State of Alaska Department of Revenue now owns 205,227 shares of the pipeline company’s stock valued at $3,706,000 after acquiring an additional 140,405 shares during the last quarter. Syntal Capital Partners LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at about $181,000. Schwab Charles Investment Management Inc. increased its position in shares of Kinder Morgan by 4.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 6,876,876 shares of the pipeline company’s stock valued at $124,266,000 after acquiring an additional 282,389 shares during the last quarter. Finally, National Pension Service increased its position in shares of Kinder Morgan by 10.1% in the fourth quarter. National Pension Service now owns 1,873,572 shares of the pipeline company’s stock valued at $33,855,000 after acquiring an additional 172,332 shares during the last quarter. Institutional investors own 60.78% of the company’s stock.
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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