Analysts expect that Kinder Morgan Inc (NYSE:KMI) will report earnings of $0.25 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Kinder Morgan’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.28. Kinder Morgan posted earnings of $0.22 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.6%. The company is expected to issue its next earnings report on Wednesday, April 17th.
On average, analysts expect that Kinder Morgan will report full-year earnings of $1.00 per share for the current year, with EPS estimates ranging from $0.90 to $1.09. For the next fiscal year, analysts anticipate that the business will post earnings of $1.08 per share, with EPS estimates ranging from $1.02 to $1.16. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Kinder Morgan.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. Kinder Morgan had a return on equity of 5.86% and a net margin of 11.38%. The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period last year, the company earned $0.21 earnings per share. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year.
Several analysts have recently weighed in on KMI shares. Evercore ISI started coverage on Kinder Morgan in a research report on Tuesday, February 5th. They set an “outperform” rating for the company. Jefferies Financial Group upgraded Kinder Morgan from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. Wolfe Research downgraded Kinder Morgan from a “market perform” rating to an “underperform” rating in a research report on Monday, November 26th. Zacks Investment Research upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Wednesday, March 13th. Finally, ValuEngine upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $20.87.
In related news, Director Deborah Macdonald bought 2,500 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were bought at an average price of $19.89 per share, for a total transaction of $49,725.00. Following the completion of the purchase, the director now directly owns 25,328 shares of the company’s stock, valued at $503,773.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard D. Kinder bought 50,000 shares of the business’s stock in a transaction on Tuesday, January 29th. The stock was bought at an average price of $17.92 per share, for a total transaction of $896,000.00. Following the purchase, the insider now directly owns 235,262,353 shares of the company’s stock, valued at $4,215,901,365.76. The disclosure for this purchase can be found here. Insiders acquired 2,521,612 shares of company stock worth $47,637,339 in the last quarter. 14.16% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of KMI. Acadian Asset Management LLC grew its stake in Kinder Morgan by 80,041.2% in the third quarter. Acadian Asset Management LLC now owns 13,624 shares of the pipeline company’s stock valued at $241,000 after purchasing an additional 13,607 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Kinder Morgan by 38.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 576,631 shares of the pipeline company’s stock worth $10,223,000 after acquiring an additional 158,741 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Kinder Morgan by 2.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 337,494 shares of the pipeline company’s stock worth $5,984,000 after acquiring an additional 6,900 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Kinder Morgan by 4.2% during the third quarter. Prudential Financial Inc. now owns 2,388,206 shares of the pipeline company’s stock worth $42,343,000 after acquiring an additional 95,410 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in shares of Kinder Morgan by 74.4% during the third quarter. MML Investors Services LLC now owns 70,150 shares of the pipeline company’s stock worth $1,244,000 after acquiring an additional 29,916 shares during the last quarter. Institutional investors own 63.89% of the company’s stock.
Shares of NYSE:KMI traded up $0.12 on Monday, hitting $19.99. 16,475,404 shares of the company’s stock were exchanged, compared to its average volume of 16,225,032. Kinder Morgan has a 12 month low of $14.62 and a 12 month high of $20.08. The company has a market cap of $43.89 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 2.65 and a beta of 0.96. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 0.98.
Kinder Morgan Company Profile
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 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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