Wall Street brokerages expect that Kinder Morgan Inc (NYSE:KMI) will post earnings per share of $0.18 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Kinder Morgan’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.17. Kinder Morgan reported earnings per share of $0.19 in the same quarter last year, which suggests a negative year over year growth rate of 5.3%. The business is expected to issue its next quarterly earnings results on Wednesday, January 17th.
On average, analysts expect that Kinder Morgan will report full-year earnings of $0.65 per share for the current year, with EPS estimates ranging from $0.60 to $0.69. For the next year, analysts forecast that the company will report earnings of $0.70 per share, with EPS estimates ranging from $0.62 to $0.83. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Kinder Morgan.
Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.21 billion. During the same period in the previous year, the firm posted ($0.10) EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis.
KMI has been the topic of several analyst reports. Stifel Nicolaus cut their price target on shares of Kinder Morgan from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, October 24th. Goldman Sachs Group downgraded shares of Kinder Morgan from a “buy” rating to a “neutral” rating and upped their price target for the company from $18.81 to $22.00 in a report on Tuesday, October 17th. Morgan Stanley cut their price target on shares of Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, November 17th. SunTrust Banks set a $23.00 price target on shares of Kinder Morgan and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, Credit Suisse Group initiated coverage on shares of Kinder Morgan in a report on Thursday. They set an “outperform” rating and a $23.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. Kinder Morgan has an average rating of “Hold” and a consensus price target of $22.72.
Shares of Kinder Morgan (NYSE KMI) opened at $18.95 on Friday. The firm has a market cap of $42,320.00, a PE ratio of 33.84, a PEG ratio of 1.36 and a beta of 0.62. Kinder Morgan has a fifty-two week low of $16.68 and a fifty-two week high of $23.01. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.96.
In other news, VP Thomas A. Martin bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was bought at an average price of $17.10 per share, with a total value of $51,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 13.99% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of Kinder Morgan by 17.2% in the third quarter. Dimensional Fund Advisors LP now owns 13,950,108 shares of the pipeline company’s stock worth $267,575,000 after acquiring an additional 2,048,560 shares during the period. Tortoise Capital Advisors L.L.C. increased its stake in shares of Kinder Morgan by 11.0% in the third 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. Legal & General Group Plc increased its stake in shares of Kinder Morgan by 6.0% in the third quarter. Legal & General Group Plc now owns 11,314,018 shares of the pipeline company’s stock worth $217,014,000 after acquiring an additional 636,683 shares during the period. Brookfield Asset Management Inc. increased its stake in shares of Kinder Morgan by 4.3% in the second quarter. Brookfield Asset Management Inc. now owns 10,843,859 shares of the pipeline company’s stock worth $207,769,000 after acquiring an additional 447,389 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Kinder Morgan by 4.7% in the second quarter. TIAA CREF Investment Management LLC now owns 10,563,641 shares of the pipeline company’s stock worth $202,399,000 after acquiring an additional 477,596 shares during the period. Institutional investors and hedge funds own 60.73% of the company’s stock.
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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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