Kinder Morgan, Inc. (NYSE:KMI) – Stock analysts at Jefferies Group upped their FY2017 earnings estimates for Kinder Morgan in a research report issued on Monday. Jefferies Group analyst C. Sighinolfi now forecasts that the pipeline company will post earnings of $0.66 per share for the year, up from their prior forecast of $0.60. Jefferies Group has a “Hold” rating and a $20.00 price target on the stock.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 19th. The pipeline company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Kinder Morgan had a net margin of 6.20% and a return on equity of 4.41%. The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same period in the prior year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: “Research Analysts Set Expectations for Kinder Morgan, Inc.’s FY2017 Earnings (KMI)” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.dispatchtribunal.com/2017/10/27/research-analysts-set-expectations-for-kinder-morgan-inc-s-fy2017-earnings-kmi.html.
KMI has been the topic of a number of other reports. Zacks Investment Research cut shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. TD Securities set a $26.00 price target on shares of Kinder Morgan and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) lowered shares of Kinder Morgan from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $18.81 to $22.00 in a research note on Tuesday. Citigroup Inc. dropped their price target on shares of Kinder Morgan from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Royal Bank Of Canada dropped their price target on shares of Kinder Morgan from $25.00 to $22.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $23.56.
Shares of Kinder Morgan (NYSE KMI) opened at 18.68 on Wednesday. The firm has a 50 day moving average of $19.22 and a 200-day moving average of $19.66. The stock has a market capitalization of $41.72 billion, a P/E ratio of 61.65 and a beta of 0.65. Kinder Morgan has a 12 month low of $18.23 and a 12 month high of $23.01.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Kinder Morgan by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 138,904,165 shares of the pipeline company’s stock worth $3,019,777,000 after buying an additional 6,222,962 shares during the period. Wellington Management Group LLP raised its holdings in Kinder Morgan by 8.2% during the 1st quarter. Wellington Management Group LLP now owns 29,672,731 shares of the pipeline company’s stock worth $645,086,000 after buying an additional 2,258,597 shares during the period. Commonwealth Bank of Australia raised its holdings in Kinder Morgan by 45.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 19,733,993 shares of the pipeline company’s stock worth $378,101,000 after buying an additional 6,205,165 shares during the period. Geode Capital Management LLC raised its holdings in Kinder Morgan by 7.7% during the 1st quarter. Geode Capital Management LLC now owns 18,346,909 shares of the pipeline company’s stock worth $398,283,000 after buying an additional 1,309,520 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Kinder Morgan by 22.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,901,548 shares of the pipeline company’s stock valued at $228,029,000 after purchasing an additional 2,217,905 shares during the period. Hedge funds and other institutional investors own 59.08% of the company’s stock.
In related news, Director William A. Smith acquired 4,903 shares of the business’s stock in a transaction on Monday, July 31st. The shares were purchased at an average price of $20.24 per share, for a total transaction of $99,236.72. Following the acquisition, the director now owns 14,587 shares in the company, valued at $295,240.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.99% of the stock is currently owned by corporate insiders.
Kinder Morgan declared that its Board of Directors has authorized a share repurchase plan on Wednesday, July 19th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the pipeline company to reacquire up to 4.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
Kinder Morgan Company Profile
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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