Kinder Morgan Inc (KMI) Expected to Announce Earnings of $0.25 Per Share

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Brokerages expect that Kinder Morgan Inc (NYSE:KMI) will report earnings of $0.25 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Kinder Morgan’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.23. Kinder Morgan posted earnings per share of $0.22 in the same quarter last year, which suggests a positive year-over-year growth rate of 13.6%. The company is scheduled to report its next earnings results after the market closes on Wednesday, April 17th.

According to Zacks, analysts expect that Kinder Morgan will report full year earnings of $1.01 per share for the current year, with EPS estimates ranging from $0.91 to $1.11. For the next year, analysts expect that the firm will report earnings of $1.08 per share, with EPS estimates ranging from $0.96 to $1.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Kinder Morgan.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.25. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.79 billion. Kinder Morgan had a net margin of 11.38% and a return on equity of 5.86%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS.

A number of equities research analysts recently weighed in on KMI shares. Jefferies Financial Group raised shares of Kinder Morgan from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. TheStreet raised shares of Kinder Morgan from a “c” rating to a “b-” rating in a report on Wednesday, January 16th. Argus reaffirmed a “buy” rating and set a $23.00 price target on shares of Kinder Morgan in a report on Tuesday, January 22nd. ValuEngine raised shares of Kinder Morgan from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Evercore ISI started coverage on shares of Kinder Morgan in a report on Tuesday, February 5th. They set an “outperform” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $21.32.

KMI traded down $0.09 during trading hours on Wednesday, reaching $19.73. 180,550 shares of the stock traded hands, compared to its average volume of 14,602,230. The firm has a market cap of $43.72 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 2.63 and a beta of 0.96. Kinder Morgan has a fifty-two week low of $14.62 and a fifty-two week high of $20.44. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 0.98.

In related news, Director Deborah Macdonald acquired 2,500 shares of Kinder Morgan stock in a transaction on Tuesday, March 12th. The shares were purchased at an average cost of $19.89 per share, for a total transaction of $49,725.00. Following the purchase, the director now directly owns 25,328 shares of the company’s stock, valued at approximately $503,773.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John W. Schlosser sold 54,100 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $19.63, for a total transaction of $1,061,983.00. Following the transaction, the vice president now owns 34,632 shares in the company, valued at $679,826.16. The disclosure for this sale can be found here. Insiders have acquired a total of 2,915,912 shares of company stock worth $55,421,264 over the last quarter. 13.95% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in Kinder Morgan in the 4th quarter valued at about $299,180,000. BlackRock Inc. increased its stake in Kinder Morgan by 7.4% during the 4th quarter. BlackRock Inc. now owns 136,557,027 shares of the pipeline company’s stock valued at $2,100,249,000 after buying an additional 9,360,355 shares during the period. Millennium Management LLC increased its stake in Kinder Morgan by 1,169.3% during the 4th quarter. Millennium Management LLC now owns 9,022,925 shares of the pipeline company’s stock valued at $138,773,000 after buying an additional 8,312,075 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Kinder Morgan by 1,497.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,112,727 shares of the pipeline company’s stock valued at $462,000 after buying an additional 6,667,564 shares during the period. Finally, Capital World Investors acquired a new position in Kinder Morgan during the 3rd quarter valued at about $103,969,000. Hedge funds and other institutional investors own 64.72% of the company’s stock.

About Kinder Morgan

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