Kinder Morgan Inc (NYSE:KMI) – Investment analysts at US Capital Advisors boosted their FY2019 EPS estimates for Kinder Morgan in a report issued on Wednesday, October 17th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn $0.91 per share for the year, up from their previous estimate of $0.90. US Capital Advisors currently has a “Buy” rating on the stock. US Capital Advisors also issued estimates for Kinder Morgan’s FY2020 earnings at $0.93 EPS.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 17th. The pipeline company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Kinder Morgan had a return on equity of 5.52% and a net margin of 0.78%. Kinder Morgan’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share.
KMI has been the subject of several other reports. Stifel Nicolaus upped their price objective on Kinder Morgan from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Sanford C. Bernstein raised Kinder Morgan from a “market perform” rating to an “outperform” rating in a research report on Tuesday, June 26th. ValuEngine cut Kinder Morgan from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Citigroup reduced their price objective on Kinder Morgan from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, July 20th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $20.66.
KMI stock opened at $17.98 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.03. The stock has a market cap of $39.60 billion, a PE ratio of 27.42, a PEG ratio of 2.44 and a beta of 0.73. Kinder Morgan has a fifty-two week low of $14.69 and a fifty-two week high of $19.83.
A number of hedge funds and other institutional investors have recently modified their holdings of KMI. Flagship Harbor Advisors LLC acquired a new stake in shares of Kinder Morgan in the second quarter valued at approximately $110,000. Westbourne Investment Advisors Inc. acquired a new stake in shares of Kinder Morgan in the third quarter valued at approximately $117,000. Landaas & Co. WI ADV acquired a new stake in shares of Kinder Morgan in the second quarter valued at approximately $133,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of Kinder Morgan in the first quarter valued at approximately $144,000. Finally, First Hawaiian Bank bought a new position in shares of Kinder Morgan during the third quarter worth approximately $164,000. 60.35% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Richard D. Kinder purchased 500,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, September 27th. The stock was purchased at an average cost of $17.55 per share, with a total value of $8,775,000.00. Following the completion of the transaction, the insider now owns 235,212,353 shares of the company’s stock, valued at approximately $4,127,976,795.15. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William A. Smith purchased 5,556 shares of Kinder Morgan stock in a transaction that occurred on Thursday, July 26th. The shares were bought at an average cost of $18.09 per share, with a total value of $100,508.04. Following the completion of the transaction, the director now directly owns 14,587 shares of the company’s stock, valued at approximately $263,878.83. The disclosure for this purchase can be found here. Corporate insiders own 14.16% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.80 annualized dividend and a yield of 4.45%. Kinder Morgan’s dividend payout ratio (DPR) is presently 121.21%.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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