Wall Street analysts predict that Kinder Morgan (NYSE:KMI) will report earnings per share of $0.21 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Kinder Morgan’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.23. Kinder Morgan posted earnings per share of $0.17 in the same quarter last year, which would suggest a positive year-over-year growth rate of 23.5%. The firm is scheduled to report its next earnings report on Wednesday, April 18th.
According to Zacks, analysts expect that Kinder Morgan will report full year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.77 to $0.95. For the next financial year, analysts expect that the company will post earnings of $0.94 per share, with EPS estimates ranging from $0.84 to $1.05. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Kinder Morgan.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.52 billion. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS.
KMI stock traded down $0.33 during midday trading on Friday, reaching $15.17. The stock had a trading volume of 5,301,721 shares, compared to its average volume of 16,892,512. The firm has a market capitalization of $33,443.97, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 1.54 and a beta of 0.64. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.37. Kinder Morgan has a 52-week low of $14.69 and a 52-week high of $21.85.
In other news, Director William A. Smith purchased 5,500 shares of Kinder Morgan stock in a transaction dated Monday, January 22nd. The shares were purchased at an average price of $19.52 per share, with a total value of $107,360.00. Following the transaction, the director now owns 14,587 shares in the company, valued at $284,738.24. The purchase was disclosed in a document filed with the SEC, which is available through this link. 13.99% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Colonial Trust Advisors purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $181,000. Xact Kapitalforvaltning AB raised its position in shares of Kinder Morgan by 13.7% during the 4th quarter. Xact Kapitalforvaltning AB now owns 198,778 shares of the pipeline company’s stock valued at $3,592,000 after buying an additional 23,890 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Kinder Morgan by 47.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 344,957 shares of the pipeline company’s stock valued at $6,233,000 after buying an additional 110,681 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of 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 valued at $20,287,000 after buying an additional 21,214 shares during the period. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $401,000. 62.57% of the stock is currently owned by hedge funds and other institutional investors.
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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