Kinder Morgan (NYSE:KMI) – Jefferies Group decreased their FY2021 EPS estimates for shares of Kinder Morgan in a research note issued to investors on Monday, April 16th. Jefferies Group analyst C. Sighinolfi now forecasts that the pipeline company will earn $1.07 per share for the year, down from their previous estimate of $1.14. Jefferies Group has a “Hold” rating and a $16.00 price objective on the stock.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 18th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.56 billion. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. Kinder Morgan’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 earnings per share.
Shares of Kinder Morgan stock opened at $16.54 on Wednesday. The stock has a market capitalization of $35,341.19, a PE ratio of 25.06, a price-to-earnings-growth ratio of 1.76 and a beta of 0.64. Kinder Morgan has a 52-week low of $14.69 and a 52-week high of $21.25. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.37.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Callahan Advisors LLC raised its stake in Kinder Morgan by 0.8% during the fourth quarter. Callahan Advisors LLC now owns 425,080 shares of the pipeline company’s stock worth $7,681,000 after acquiring an additional 3,198 shares in the last quarter. Financial Advantage Inc. raised its stake in Kinder Morgan by 1.1% during the fourth quarter. Financial Advantage Inc. now owns 305,025 shares of the pipeline company’s stock worth $5,512,000 after acquiring an additional 3,204 shares in the last quarter. Beach Investment Counsel Inc. PA raised its stake in Kinder Morgan by 2.5% during the fourth quarter. Beach Investment Counsel Inc. PA now owns 141,681 shares of the pipeline company’s stock worth $2,560,000 after acquiring an additional 3,475 shares in the last quarter. Graybill Bartz & Assoc Ltd. raised its stake in Kinder Morgan by 2.7% during the fourth quarter. Graybill Bartz & Assoc Ltd. now owns 135,847 shares of the pipeline company’s stock worth $2,455,000 after acquiring an additional 3,585 shares in the last quarter. Finally, Welch Investments LLC raised its stake in Kinder Morgan by 72.2% during the fourth quarter. Welch Investments LLC now owns 9,195 shares of the pipeline company’s stock worth $166,000 after acquiring an additional 3,856 shares in the last quarter. 62.60% of the stock is owned by hedge funds and other institutional investors.
In other Kinder Morgan news, Director William A. Smith bought 5,500 shares of the stock in a transaction on Monday, January 22nd. The stock was purchased at an average price of $19.52 per share, with a total value of $107,360.00. Following the completion of the purchase, the director now owns 14,587 shares in the company, valued at $284,738.24. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 14.16% of the stock is currently owned by insiders.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be paid a dividend of $0.20 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.80 annualized dividend and a yield of 4.84%. Kinder Morgan’s payout ratio is presently 75.76%.
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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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