US Capital Advisors Brokers Raise Earnings Estimates for Kinder Morgan Inc (KMI)

Kinder Morgan Inc (NYSE:KMI) – Research analysts at US Capital Advisors boosted their Q2 2019 earnings estimates for Kinder Morgan in a research report issued on Monday, April 22nd. US Capital Advisors analyst B. Followill now expects that the pipeline company will post earnings per share of $0.23 for the quarter, up from their previous estimate of $0.22. US Capital Advisors also issued estimates for Kinder Morgan’s Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at $0.26 EPS, FY2019 earnings at $0.99 EPS, Q1 2020 earnings at $0.25 EPS, Q3 2020 earnings at $0.24 EPS, Q4 2020 earnings at $0.24 EPS and FY2020 earnings at $0.96 EPS.

Other equities analysts have also recently issued research reports about the company. Raymond James cut Kinder Morgan from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, April 16th. They noted that the move was a valuation call. JPMorgan Chase & Co. cut Kinder Morgan from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $21.00 to $22.00 in a report on Friday, March 22nd. Goldman Sachs Group cut Kinder Morgan from a “conviction-buy” rating to a “buy” rating and set a $23.00 price objective on the stock. in a report on Thursday, March 28th. Zacks Investment Research cut Kinder Morgan from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Jefferies Financial Group cut Kinder Morgan from a “buy” rating to a “hold” rating and lifted their price objective for the company from $19.00 to $20.00 in a report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $21.82.

NYSE:KMI opened at $19.97 on Thursday. 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 0.45, a quick ratio of 0.71 and a debt-to-equity ratio of 0.97. The stock has a market cap of $44.30 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 2.76 and a beta of 0.96.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. Kinder Morgan had a return on equity of 6.13% and a net margin of 11.59%. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter in the previous year, the business posted $0.22 EPS. Kinder Morgan’s revenue for the quarter was up .3% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a $0.25 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, April 29th. This represents a $1.00 annualized dividend and a yield of 5.01%. Kinder Morgan’s payout ratio is presently 89.89%.

In other news, Chairman Richard D. Kinder bought 29,622 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were purchased at an average price of $19.90 per share, for a total transaction of $589,477.80. Following the purchase, the chairman now owns 239,601,954 shares of the company’s stock, valued at approximately $4,768,078,884.60. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard D. Kinder bought 50,000 shares of the business’s stock in a transaction on Tuesday, January 29th. The stock was purchased at an average price of $17.92 per share, for a total transaction of $896,000.00. Following the purchase, the insider now directly owns 235,262,353 shares in the company, valued at approximately $4,215,901,365.76. The disclosure for this purchase can be found here. Insiders acquired a total of 3,295,534 shares of company stock worth $62,923,242 in the last 90 days. Company insiders own 13.95% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Investment Advisors LLC raised its stake in shares of Kinder Morgan by 0.6% during the 1st quarter. Capital Investment Advisors LLC now owns 92,693 shares of the pipeline company’s stock worth $1,855,000 after purchasing an additional 543 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Kinder Morgan by 1.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 32,473 shares of the pipeline company’s stock worth $499,000 after purchasing an additional 554 shares in the last quarter. We Are One Seven LLC raised its stake in shares of Kinder Morgan by 5.2% during the 1st quarter. We Are One Seven LLC now owns 11,543 shares of the pipeline company’s stock worth $230,000 after purchasing an additional 570 shares in the last quarter. Exencial Wealth Advisors LLC raised its stake in shares of Kinder Morgan by 5.9% during the 4th quarter. Exencial Wealth Advisors LLC now owns 12,428 shares of the pipeline company’s stock worth $191,000 after purchasing an additional 690 shares in the last quarter. Finally, Ropes Wealth Advisors LLC raised its stake in shares of Kinder Morgan by 4.3% during the 4th quarter. Ropes Wealth Advisors LLC now owns 17,490 shares of the pipeline company’s stock worth $269,000 after purchasing an additional 717 shares in the last quarter. Hedge funds and other institutional investors own 65.02% 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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Earnings History and Estimates for Kinder Morgan (NYSE:KMI)

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