Kinder Morgan Inc (KMI) Expected to Post Quarterly Sales of $3.46 Billion

Brokerages predict that Kinder Morgan Inc (NYSE:KMI) will post $3.46 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Kinder Morgan’s earnings. The lowest sales estimate is $3.46 billion and the highest is $3.47 billion. Kinder Morgan posted sales of $3.42 billion during the same quarter last year, which would indicate a positive year over year growth rate of 1.2%. The company is expected to issue its next quarterly earnings report on Wednesday, April 18th.

On average, analysts expect that Kinder Morgan will report full-year sales of $3.46 billion for the current financial year, with estimates ranging from $13.75 billion to $14.15 billion. For the next financial year, analysts expect that the business will report sales of $14.39 billion per share, with estimates ranging from $13.89 billion to $14.74 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Kinder Morgan.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data 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. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.52 billion. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 earnings per share.

A number of brokerages recently commented on KMI. Morgan Stanley dropped their price target on Kinder Morgan from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating in a research note on Monday, January 29th. They noted that the move was a valuation call. Wells Fargo & Co reissued a “market perform” rating on shares of Kinder Morgan in a research note on Thursday, January 11th. Bank of America began coverage on Kinder Morgan in a research note on Tuesday, January 9th. They set a “neutral” rating for the company. Finally, Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. Kinder Morgan has a consensus rating of “Hold” and a consensus target price of $22.66.

In related news, VP Thomas A. Martin acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were acquired at an average cost of $17.10 per share, for a total transaction of $51,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William A. Smith acquired 5,500 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were bought at an average price of $19.52 per share, for a total transaction of $107,360.00. Following the completion of the transaction, the director now owns 14,587 shares of the company’s stock, valued at $284,738.24. The disclosure for this purchase can be found here. Corporate insiders own 13.99% of the company’s stock.

A number of hedge funds have recently modified their holdings of KMI. Mackenzie Financial Corp raised its position in Kinder Morgan by 307.5% during the third quarter. Mackenzie Financial Corp now owns 2,881,569 shares of the pipeline company’s stock valued at $55,268,000 after purchasing an additional 2,174,518 shares during the period. Maple Brown Abbott Ltd raised its position in Kinder Morgan by 46.6% during the fourth quarter. Maple Brown Abbott Ltd now owns 6,772,088 shares of the pipeline company’s stock valued at $122,372,000 after purchasing an additional 2,154,212 shares during the period. Dimensional Fund Advisors LP raised its position in Kinder Morgan by 17.2% during the third quarter. Dimensional Fund Advisors LP now owns 13,950,108 shares of the pipeline company’s stock valued at $267,575,000 after purchasing an additional 2,048,560 shares during the period. Cohen & Steers Inc. raised its position in Kinder Morgan by 22.7% during the third quarter. Cohen & Steers Inc. now owns 9,743,540 shares of the pipeline company’s stock valued at $186,881,000 after purchasing an additional 1,801,348 shares during the period. Finally, Tortoise Capital Advisors L.L.C. raised its position in Kinder Morgan by 11.0% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 13,908,625 shares of the pipeline company’s stock valued at $266,767,000 after purchasing an additional 1,373,610 shares during the period. Institutional investors and hedge funds own 60.57% of the company’s stock.

Kinder Morgan (NYSE KMI) opened at $17.24 on Friday. Kinder Morgan has a one year low of $16.56 and a one year high of $22.70. The company has a market capitalization of $39,510.00, a P/E ratio of 1,724.00, a P/E/G ratio of 1.14 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.35 and a current ratio of 0.44.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.50 dividend on an annualized basis and a yield of 2.90%. Kinder Morgan’s dividend payout ratio (DPR) is presently 5,000.00%.

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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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