Equities analysts expect Kinder Morgan Inc (NYSE:KMI) to post earnings of $0.17 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Kinder Morgan’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.13. Kinder Morgan posted earnings per share of $0.22 in the same quarter last year, which would indicate a negative year over year growth rate of 22.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, July 15th.
On average, analysts expect that Kinder Morgan will report full-year earnings of $0.83 per share for the current financial year, with EPS estimates ranging from $0.71 to $0.87. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.87 per share, with EPS estimates ranging from $0.63 to $1.04. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Kinder Morgan.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.03). The company had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Kinder Morgan had a net margin of 10.31% and a return on equity of 6.24%. The business’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 earnings per share.
Shares of Kinder Morgan stock traded up $0.11 during midday trading on Tuesday, hitting $15.88. The company had a trading volume of 9,576,482 shares, compared to its average volume of 17,647,293. The stock has a market cap of $35.91 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 6.36 and a beta of 1.05. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 0.94. The company has a fifty day simple moving average of $15.09 and a 200 day simple moving average of $18.18. Kinder Morgan has a 12-month low of $9.42 and a 12-month high of $22.58.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a dividend of $0.2625 per share. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, May 1st. This represents a $1.05 dividend on an annualized basis and a dividend yield of 6.61%. Kinder Morgan’s dividend payout ratio (DPR) is presently 110.53%.
In related news, major shareholder Richard D. Kinder purchased 500,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average price of $14.25 per share, with a total value of $7,125,000.00. Also, Director William A. Smith purchased 6,500 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average cost of $15.35 per share, for a total transaction of $99,775.00. Following the purchase, the director now directly owns 21,087 shares in the company, valued at approximately $323,685.45. The disclosure for this purchase can be found here. Insiders have bought a total of 806,500 shares of company stock worth $13,077,775 in the last ninety days. Corporate insiders own 14.19% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in KMI. FMR LLC grew its stake in Kinder Morgan by 12.0% in the 1st quarter. FMR LLC now owns 1,037,820 shares of the pipeline company’s stock valued at $20,767,000 after acquiring an additional 111,096 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in Kinder Morgan in the 4th quarter valued at $268,000. State of Michigan Retirement System lifted its holdings in Kinder Morgan by 0.6% in the 4th quarter. State of Michigan Retirement System now owns 471,056 shares of the pipeline company’s stock valued at $9,972,000 after purchasing an additional 3,000 shares in the last quarter. Birch Capital Management LLC purchased a new position in Kinder Morgan in the 4th quarter valued at $440,000. Finally, Domani Wealth LLC lifted its holdings in Kinder Morgan by 0.6% in the 4th quarter. Domani Wealth LLC now owns 139,347 shares of the pipeline company’s stock valued at $2,950,000 after purchasing an additional 886 shares in the last quarter. 61.59% of the stock is currently owned by hedge funds and other institutional investors.
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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