Kinder Morgan Inc (KMI) Expected to Announce Earnings of $0.19 Per Share

Equities analysts predict that Kinder Morgan Inc (NYSE:KMI) will announce earnings of $0.19 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Kinder Morgan’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.16. Kinder Morgan posted earnings of $0.17 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.8%. The firm is expected to report its next quarterly earnings results on Wednesday, April 18th.

According to Zacks, analysts expect that Kinder Morgan will report full-year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.98. For the next year, analysts anticipate that the business will post earnings of $0.86 per share, with EPS estimates ranging from $0.66 to $1.17. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Kinder Morgan.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.52 billion. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 earnings per share.

Several equities research analysts have recently commented on KMI shares. Stifel Nicolaus decreased their target price on shares of Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th. Zacks Investment Research downgraded shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Goldman Sachs Group downgraded shares of Kinder Morgan from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $18.81 to $22.00 in a research report on Tuesday, October 17th. Morgan Stanley decreased their target price on shares of Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, November 17th. Finally, SunTrust Banks set a $23.00 target price on shares of Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $22.72.

Kinder Morgan (NYSE KMI) traded down $0.02 during trading hours on Tuesday, hitting $19.61. 9,743,281 shares of the stock traded hands, compared to its average volume of 16,689,521. The company has a current ratio of 0.44, a quick ratio of 0.35 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $43,730.00, a P/E ratio of 1,961.00, a PEG ratio of 1.23 and a beta of 0.62. Kinder Morgan has a one year low of $16.68 and a one year high of $23.01.

The firm 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 $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Tuesday, January 30th. Kinder Morgan’s dividend payout ratio (DPR) is currently 5,000.00%.

In other Kinder Morgan news, Director William A. Smith purchased 5,500 shares of the stock in a transaction dated Monday, January 22nd. The shares were bought at an average price of $19.52 per share, with a total value of $107,360.00. Following the completion of the transaction, the director now directly owns 14,587 shares in the company, valued at approximately $284,738.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas A. Martin purchased 3,000 shares of the stock in a transaction dated Tuesday, December 5th. The stock was acquired at an average cost of $17.10 per share, for a total transaction of $51,300.00. The disclosure for this purchase can be found here. Insiders own 13.99% of the company’s stock.

A number of institutional investors have recently bought and sold shares of KMI. Renaissance Technologies LLC increased its holdings in 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 acquiring an additional 4,694,441 shares during the period. Dimensional Fund Advisors LP increased its holdings in 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 acquiring an additional 2,217,905 shares during the period. Mackenzie Financial Corp increased its holdings in 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 acquiring an additional 2,174,518 shares during the period. Cohen & Steers Inc. increased its holdings in 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 acquiring an additional 1,801,348 shares during the period. Finally, Tortoise Capital Advisors L.L.C. increased its holdings in 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 acquiring an additional 1,373,610 shares during the period. 60.72% of the stock is currently owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for Kinder Morgan (NYSE:KMI)

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