Kinder Morgan (NYSE:KMI) – Equities researchers at US Capital Advisors upped their Q1 2018 EPS estimates for Kinder Morgan in a research note issued on Tuesday, April 17th. US Capital Advisors analyst B. Followill now forecasts that the pipeline company will earn $0.22 per share for the quarter, up from their previous estimate of $0.21. US Capital Advisors also issued estimates for Kinder Morgan’s FY2018 earnings at $0.87 EPS and FY2019 earnings at $0.93 EPS.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 18th. The pipeline company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.56 billion. Kinder Morgan had a return on equity of 4.55% and a net margin of 1.95%. The company’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 EPS.
Several other research firms have also commented on KMI. Credit Suisse Group set a $22.00 price target on Kinder Morgan and gave the stock a “buy” rating in a research report on Monday, February 12th. Deutsche Bank initiated coverage on Kinder Morgan in a research report on Thursday. They set a “buy” rating and a $21.00 price target on the stock. Zacks Investment Research raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Tuesday, March 13th. Morgan Stanley reduced their price target on Kinder Morgan from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Finally, UBS reissued a “buy” rating and set a $26.00 price target (down from $28.00) on shares of Kinder Morgan in a research report on Friday, March 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company’s stock. Kinder Morgan currently has a consensus rating of “Buy” and a consensus price target of $21.58.
NYSE KMI opened at $16.47 on Thursday. The stock has a market capitalization of $35,672.10, a PE ratio of 24.95, a PEG ratio of 1.77 and a beta of 0.64. The company has a current ratio of 0.44, a quick ratio of 0.37 and a debt-to-equity ratio of 1.00. Kinder Morgan has a 1-year low of $14.69 and a 1-year high of $21.25.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, April 27th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.13. This represents a $0.80 annualized dividend and a yield of 4.86%. Kinder Morgan’s payout ratio is currently 75.76%.
In other Kinder Morgan news, Director William A. Smith acquired 5,500 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were bought at an average cost of $19.52 per share, for a total transaction of $107,360.00. Following the acquisition, the director now directly owns 14,587 shares of the company’s stock, valued at $284,738.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 14.16% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Kinder Morgan by 1.9% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,122,716 shares of the pipeline company’s stock worth $20,287,000 after purchasing an additional 21,214 shares during the last quarter. Mutual Advisors LLC purchased a new stake in Kinder Morgan during the 4th quarter worth approximately $224,000. Brandywine Global Investment Management LLC increased its holdings in shares of Kinder Morgan by 10.5% in the 4th quarter. Brandywine Global Investment Management LLC now owns 4,455,106 shares of the pipeline company’s stock valued at $80,504,000 after acquiring an additional 423,949 shares during the last quarter. Ferris Capital LLC increased its holdings in shares of Kinder Morgan by 30.7% in the 4th quarter. Ferris Capital LLC now owns 22,583 shares of the pipeline company’s stock valued at $408,000 after acquiring an additional 5,299 shares during the last quarter. Finally, American International Group Inc. increased its holdings in shares of Kinder Morgan by 4.7% in the 4th quarter. American International Group Inc. now owns 793,662 shares of the pipeline company’s stock valued at $14,341,000 after acquiring an additional 35,553 shares during the last quarter. Institutional investors own 62.60% of the company’s stock.
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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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