$0.15 EPS Expected for Kinder Morgan, Inc. (KMI) This Quarter
Brokerages expect Kinder Morgan, Inc. (NYSE:KMI) to report earnings of $0.15 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Kinder Morgan’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.17. Kinder Morgan posted earnings per share of $0.16 during the same quarter last year, which would indicate a negative year over year growth rate of 6.3%. The company is scheduled to report its next earnings report on Wednesday, October 18th.
On average, analysts expect that Kinder Morgan will report full-year earnings of $0.64 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.71. For the next fiscal year, analysts expect that the company will report earnings of $0.72 per share, with EPS estimates ranging from $0.61 to $0.80. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Kinder Morgan.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 19th. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.12 billion. Kinder Morgan had a net margin of 6.20% and a return on equity of 4.41%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $0.15 earnings per share.
Several brokerages recently issued reports on KMI. Zacks Investment Research lowered shares of Kinder Morgan from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Raymond James Financial, Inc. reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Wednesday, May 31st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $23.00 price target on shares of Kinder Morgan in a report on Friday, June 23rd. TD Securities set a $26.00 price target on shares of Kinder Morgan and gave the stock a “buy” rating in a report on Tuesday, June 20th. Finally, Royal Bank Of Canada cut their price target on shares of Kinder Morgan from $25.00 to $22.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $23.91.
Kinder Morgan (NYSE:KMI) traded up 1.07% during trading on Friday, reaching $19.77. The company had a trading volume of 11,068,414 shares. The stock has a 50 day moving average of $19.31 and a 200-day moving average of $19.94. The stock has a market capitalization of $44.15 billion, a P/E ratio of 65.25 and a beta of 0.65. Kinder Morgan has a 12-month low of $18.23 and a 12-month high of $23.36.
Kinder Morgan declared that its board has initiated a share repurchase plan on Wednesday, July 19th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the pipeline company to repurchase up to 4.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.
In other Kinder Morgan news, Director William A. Smith bought 4,903 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average cost of $20.24 per share, for a total transaction of $99,236.72. Following the completion of the transaction, the director now directly owns 14,587 shares of the company’s stock, valued at approximately $295,240.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 13.99% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of KMI. Heritage Trust Co lifted its position in Kinder Morgan by 457.7% during the second quarter. Heritage Trust Co now owns 5,242 shares of the pipeline company’s stock valued at $101,000 after purchasing an additional 4,302 shares during the period. Fiduciary Trust Co. acquired a new position in Kinder Morgan during the second quarter valued at $115,000. Acrospire Investment Management LLC lifted its position in Kinder Morgan by 30.7% during the second quarter. Acrospire Investment Management LLC now owns 6,814 shares of the pipeline company’s stock valued at $131,000 after purchasing an additional 1,600 shares during the period. Parallel Advisors LLC lifted its position in Kinder Morgan by 14.0% during the second quarter. Parallel Advisors LLC now owns 6,673 shares of the pipeline company’s stock valued at $136,000 after purchasing an additional 819 shares during the period. Finally, Trust Co. of Vermont lifted its position in Kinder Morgan by 10.3% during the second quarter. Trust Co. of Vermont now owns 7,197 shares of the pipeline company’s stock valued at $138,000 after purchasing an additional 675 shares during the period. Institutional investors own 59.12% of the company’s stock.
Kinder Morgan Company Profile
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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