Wall Street analysts expect Kinder Morgan, Inc. (NYSE:KMI) to report earnings of $0.23 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Kinder Morgan’s earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.20. Kinder Morgan posted earnings of $0.24 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 4.2%. The firm is scheduled to report its next quarterly earnings report on Wednesday, April 28th.
According to Zacks, analysts expect that Kinder Morgan will report full-year earnings of $0.91 per share for the current fiscal year, with EPS estimates ranging from $0.82 to $1.01. For the next fiscal year, analysts anticipate that the business will post earnings of $0.92 per share, with EPS estimates ranging from $0.79 to $1.04. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Kinder Morgan.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Tuesday, January 19th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.06 billion. Kinder Morgan had a return on equity of 6.07% and a net margin of 1.02%. The business’s revenue was down 7.1% on a year-over-year basis. During the same quarter last year, the company posted $0.26 earnings per share.
KMI has been the subject of several recent research reports. Barclays reaffirmed an “equal weight” rating and set a $15.00 price target (down from $16.00) on shares of Kinder Morgan in a report on Tuesday, January 12th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell initiated coverage on Kinder Morgan in a research report on Thursday, December 3rd. They set an “outperform” rating on the stock. Wells Fargo & Company cut Kinder Morgan from an “overweight” rating to an “equal weight” rating and set a $17.00 price target for the company. in a report on Monday, November 30th. Credit Suisse Group lowered Kinder Morgan from an “outperform” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a report on Thursday, December 17th. Finally, Wolfe Research downgraded Kinder Morgan from a “peer perform” rating to an “underperform” rating and raised their target price for the company from $13.00 to $14.00 in a report on Monday, November 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $16.53.
Kinder Morgan stock traded up $0.12 during mid-day trading on Tuesday, reaching $15.29. 19,570,170 shares of the company were exchanged, compared to its average volume of 18,053,359. The firm’s 50-day simple moving average is $14.77 and its two-hundred day simple moving average is $13.79. Kinder Morgan has a twelve month low of $9.42 and a twelve month high of $22.02. The firm has a market cap of $34.62 billion, a PE ratio of 305.80, a price-to-earnings-growth ratio of 5.61 and a beta of 0.98. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.54 and a current ratio of 0.61.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 16th. Investors of record on Monday, February 1st were given a dividend of $0.2625 per share. The ex-dividend date was Friday, January 29th. This represents a $1.05 annualized dividend and a dividend yield of 6.87%. Kinder Morgan’s dividend payout ratio is currently 110.53%.
A number of large investors have recently made changes to their positions in KMI. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of Kinder Morgan by 14.3% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 5,613 shares of the pipeline company’s stock worth $77,000 after acquiring an additional 701 shares during the last quarter. Patten & Patten Inc. TN lifted its holdings in Kinder Morgan by 3.5% in the 4th quarter. Patten & Patten Inc. TN now owns 21,004 shares of the pipeline company’s stock valued at $287,000 after purchasing an additional 718 shares in the last quarter. Graybill Bartz & Assoc Ltd. lifted its holdings in Kinder Morgan by 0.4% in the 4th quarter. Graybill Bartz & Assoc Ltd. now owns 215,495 shares of the pipeline company’s stock valued at $2,946,000 after purchasing an additional 795 shares in the last quarter. Ingalls & Snyder LLC boosted its stake in shares of Kinder Morgan by 2.5% during the 4th quarter. Ingalls & Snyder LLC now owns 33,298 shares of the pipeline company’s stock worth $455,000 after purchasing an additional 800 shares during the last quarter. Finally, Sippican Capital Advisors grew its holdings in shares of Kinder Morgan by 6.1% during the fourth quarter. Sippican Capital Advisors now owns 14,275 shares of the pipeline company’s stock worth $195,000 after buying an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 60.02% of the company’s stock.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. 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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