Wall Street analysts predict that Kinder Morgan Inc (NYSE:KMI) will post earnings per share of $0.24 for the current quarter, Zacks reports. Two analysts have made estimates for Kinder Morgan’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.21. Kinder Morgan reported earnings per share of $0.21 in the same quarter last year, which indicates a positive year-over-year growth rate of 14.3%. The company is expected to issue its next earnings report on Wednesday, January 16th.
According to Zacks, analysts expect that Kinder Morgan will report full year earnings of $0.87 per share for the current financial year, with EPS estimates ranging from $0.85 to $0.90. For the next financial year, analysts forecast that the firm will post earnings of $1.00 per share, with EPS estimates ranging from $0.90 to $1.11. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Kinder Morgan.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 17th. The pipeline company reported $0.21 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.21. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.57 billion. Kinder Morgan had a return on equity of 5.51% 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 quarter in the previous year, the firm earned $0.15 earnings per share.
KMI has been the subject of several research analyst reports. Zacks Investment Research raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Wednesday, October 24th. Wells Fargo & Co reissued a “buy” rating on shares of Kinder Morgan in a research note on Thursday, July 19th. US Capital Advisors reissued a “buy” rating on shares of Kinder Morgan in a research note on Tuesday, July 17th. JPMorgan Chase & Co. boosted their target price on Kinder Morgan from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Finally, Barclays set a $21.00 target price on Kinder Morgan and gave the stock a “buy” rating in a research note on Friday, October 12th. One analyst has rated the stock with a sell rating, two have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.73.
In other news, insider Richard D. Kinder purchased 500,000 shares of Kinder Morgan stock in a transaction dated Thursday, September 27th. The shares were bought at an average cost of $17.55 per share, for a total transaction of $8,775,000.00. Following the completion of the acquisition, the insider now owns 235,212,353 shares in the company, valued at approximately $4,127,976,795.15. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 14.16% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new stake in shares of Kinder Morgan during the second quarter worth about $110,000. Westbourne Investment Advisors Inc. bought a new stake in shares of Kinder Morgan during the third quarter worth about $117,000. Blue Chip Partners Inc. bought a new stake in shares of Kinder Morgan during the third quarter worth about $128,000. Landaas & Co. WI ADV bought a new stake in Kinder Morgan in the second quarter valued at approximately $133,000. Finally, Capital Advantage Inc. bought a new stake in Kinder Morgan in the third quarter valued at approximately $142,000. Institutional investors own 60.43% of the company’s stock.
KMI stock opened at $16.86 on Wednesday. The stock has a market capitalization of $37.55 billion, a P/E ratio of 20.02, a P/E/G ratio of 2.31 and a beta of 0.68. Kinder Morgan has a 52 week low of $14.69 and a 52 week high of $19.83. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.05 and a quick ratio of 0.98.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Tuesday, October 30th. Kinder Morgan’s dividend payout ratio (DPR) is currently 121.21%.
About Kinder Morgan
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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