Kinder Morgan Inc (NYSE:KMI) – Stock analysts at Jefferies Financial Group issued their Q1 2019 earnings per share (EPS) estimates for Kinder Morgan in a note issued to investors on Tuesday, October 16th, according to Zacks Investment Research. Jefferies Financial Group analyst C. Sighinolfi forecasts that the pipeline company will post earnings per share of $0.27 for the quarter. Jefferies Financial Group also issued estimates for Kinder Morgan’s Q2 2019 earnings at $0.25 EPS, Q3 2019 earnings at $0.24 EPS, Q4 2019 earnings at $0.25 EPS, FY2019 earnings at $1.01 EPS, FY2021 earnings at $1.09 EPS and FY2022 earnings at $1.12 EPS.
Other analysts have also issued research reports about the company. US Capital Advisors restated a “buy” rating on shares of Kinder Morgan in a research note on Tuesday, July 17th. ValuEngine upgraded Kinder Morgan from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. Credit Suisse Group initiated coverage on Kinder Morgan in a research note on Thursday, October 11th. They issued an “outperform” rating and a $23.00 price objective on the stock. Zacks Investment Research upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, October 24th. 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Kinder Morgan has a consensus rating of “Buy” and a consensus target price of $20.73.
NYSE:KMI traded down $0.03 on Thursday, hitting $17.53. The company’s stock had a trading volume of 10,120,172 shares, compared to its average volume of 17,962,124. The company has a quick ratio of 0.98, a current ratio of 1.05 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $38.61 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 2.37 and a beta of 0.69. Kinder Morgan has a one year low of $14.69 and a one year high of $19.83.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.57 billion. Kinder Morgan had a return on equity of 5.51% and a net margin of 0.78%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.15 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, October 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.56%. Kinder Morgan’s dividend payout ratio (DPR) is currently 121.21%.
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 shares were acquired at an average price of $17.55 per share, with a total value of $8,775,000.00. Following the completion of the transaction, the insider now directly owns 235,212,353 shares of the company’s stock, valued at approximately $4,127,976,795.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 14.16% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Griffin Asset Management Inc. grew its position in Kinder Morgan by 4.8% during the second quarter. Griffin Asset Management Inc. now owns 62,625 shares of the pipeline company’s stock worth $1,107,000 after buying an additional 2,867 shares in the last quarter. Hoertkorn Richard Charles boosted its holdings in shares of Kinder Morgan by 0.8% in the 3rd quarter. Hoertkorn Richard Charles now owns 382,880 shares of the pipeline company’s stock valued at $6,788,000 after purchasing an additional 2,880 shares in the last quarter. Wetherby Asset Management Inc. boosted its holdings in shares of Kinder Morgan by 11.7% in the 3rd quarter. Wetherby Asset Management Inc. now owns 27,681 shares of the pipeline company’s stock valued at $490,000 after purchasing an additional 2,894 shares in the last quarter. Meridian Management Co. boosted its holdings in shares of Kinder Morgan by 2.4% in the 2nd quarter. Meridian Management Co. now owns 127,142 shares of the pipeline company’s stock valued at $2,247,000 after purchasing an additional 2,925 shares in the last quarter. Finally, OLD National Bancorp IN boosted its holdings in shares of Kinder Morgan by 15.1% in the 2nd quarter. OLD National Bancorp IN now owns 22,384 shares of the pipeline company’s stock valued at $396,000 after purchasing an additional 2,930 shares in the last quarter. 60.52% of the stock is currently owned by institutional investors and hedge funds.
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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