Kinder Morgan (NYSE:KMI) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Kinder Morgan (NYSE:KMI – Get Rating) announced its quarterly earnings data on Wednesday. The pipeline company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03, MarketWatch Earnings reports. The company had revenue of $4.29 billion for the quarter, compared to analyst estimates of $3.66 billion. Kinder Morgan had a return on equity of 9.49% and a net margin of 10.74%. The firm’s revenue for the quarter was down 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS.

NYSE KMI traded up $0.28 on Thursday, reaching $20.05. The company had a trading volume of 75,103 shares, compared to its average volume of 17,746,830. The firm’s 50 day moving average price is $18.21 and its 200 day moving average price is $17.32. Kinder Morgan has a 12 month low of $15.01 and a 12 month high of $19.97. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $45.46 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 6.03 and a beta of 0.95.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 16th. Stockholders of record on Monday, May 2nd will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 5.54%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.27. Kinder Morgan’s dividend payout ratio (DPR) is currently 138.46%.

KMI has been the topic of several analyst reports. Mizuho lifted their target price on shares of Kinder Morgan from $21.00 to $22.00 in a report on Thursday. Morgan Stanley upped their price target on shares of Kinder Morgan from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday. Barclays increased their target price on shares of Kinder Morgan from $18.00 to $19.00 in a report on Thursday, January 20th. StockNews.com began coverage on shares of Kinder Morgan in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Zacks Investment Research raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, January 25th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $18.64.

In other news, VP John W. Schlosser sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $18.34, for a total value of $27,510.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Dax Sanders sold 91,129 shares of Kinder Morgan stock in a transaction on Friday, April 8th. The shares were sold at an average price of $19.51, for a total transaction of $1,777,926.79. Following the completion of the transaction, the vice president now directly owns 204,105 shares in the company, valued at $3,982,088.55. The disclosure for this sale can be found here. Insiders own 12.51% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of KMI. Keudell Morrison Wealth Management boosted its holdings in Kinder Morgan by 10.3% in the 3rd quarter. Keudell Morrison Wealth Management now owns 29,227 shares of the pipeline company’s stock worth $489,000 after acquiring an additional 2,727 shares during the period. Glenmede Trust Co. NA increased its holdings in shares of Kinder Morgan by 82.8% during the fourth quarter. Glenmede Trust Co. NA now owns 285,134 shares of the pipeline company’s stock valued at $4,520,000 after purchasing an additional 129,179 shares during the period. Allstate Corp grew its holdings in Kinder Morgan by 355.2% during the fourth quarter. Allstate Corp now owns 217,597 shares of the pipeline company’s stock worth $3,451,000 after acquiring an additional 169,797 shares during the period. NewEdge Advisors LLC boosted its position in shares of Kinder Morgan by 303.0% in the 4th quarter. NewEdge Advisors LLC now owns 169,170 shares of the pipeline company’s stock valued at $2,682,000 after purchasing an additional 127,194 shares during the period. Finally, Schonfeld Strategic Advisors LLC boosted its position in shares of Kinder Morgan by 304.3% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 77,226 shares of the pipeline company’s stock valued at $1,226,000 after purchasing an additional 58,126 shares during the period. 58.01% of the stock is owned by hedge funds and other institutional investors.

About Kinder Morgan (Get Rating)

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. 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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