Kinder Morgan (NYSE:KMI) Releases Earnings Results, Meets Expectations

Kinder Morgan (NYSE:KMIGet Rating) issued its earnings results on Wednesday. The pipeline company reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30, Yahoo Finance reports. Kinder Morgan had a return on equity of 7.97% and a net margin of 13.20%. The firm had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the business earned $0.27 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year.

Kinder Morgan Stock Performance

NYSE KMI opened at $18.64 on Friday. The company has a market cap of $41.90 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 5.79 and a beta of 0.95. The stock’s 50 day simple moving average is $18.35 and its 200-day simple moving average is $17.97. Kinder Morgan has a 1-year low of $15.77 and a 1-year high of $20.20. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.62 and a quick ratio of 0.50.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Tuesday, January 31st will be given a $0.2775 dividend. The ex-dividend date is Monday, January 30th. This represents a $1.11 annualized dividend and a dividend yield of 5.95%. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.91%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. TD Securities lowered their target price on Kinder Morgan from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, October 20th. Wells Fargo & Company lowered their price target on Kinder Morgan from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 25th. Barclays increased their price target on Kinder Morgan from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Morgan Stanley increased their price target on Kinder Morgan from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Monday, January 9th. Finally, StockNews.com began coverage on Kinder Morgan in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.44.

Insider Activity

In related news, VP John W. Schlosser sold 1,500 shares of the stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $18.70, for a total value of $28,050.00. Following the completion of the sale, the vice president now owns 22,719 shares of the company’s stock, valued at $424,845.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold a total of 4,500 shares of company stock worth $82,320 over the last quarter. 12.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kinder Morgan

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Certified Advisory Corp acquired a new stake in Kinder Morgan during the first quarter worth $49,000. Clearstead Advisors LLC increased its stake in Kinder Morgan by 67.6% during the third quarter. Clearstead Advisors LLC now owns 3,443 shares of the pipeline company’s stock worth $57,000 after acquiring an additional 1,389 shares during the last quarter. Fairfield Bush & CO. purchased a new position in shares of Kinder Morgan during the first quarter worth $93,000. Covestor Ltd boosted its position in shares of Kinder Morgan by 63.7% during the first quarter. Covestor Ltd now owns 7,412 shares of the pipeline company’s stock worth $140,000 after buying an additional 2,884 shares during the period. Finally, Alpha Paradigm Partners LLC purchased a new position in shares of Kinder Morgan during the third quarter worth $151,000. Institutional investors and hedge funds own 60.48% of the company’s stock.

About Kinder Morgan

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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.

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Earnings History for Kinder Morgan (NYSE:KMI)

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