Equities research analysts expect that Kinder Morgan, Inc. (NYSE:KMI) will announce earnings of $0.17 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Kinder Morgan’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.15. Kinder Morgan posted earnings per share of $0.19 during the same quarter last year, which suggests a negative year-over-year growth rate of 10.5%. The business is expected to announce its next quarterly earnings results on Wednesday, January 17th.

According to Zacks, analysts expect that Kinder Morgan will report full-year earnings of $0.64 per share for the current year, with EPS estimates ranging from $0.60 to $0.67. For the next year, analysts forecast that the company will report earnings of $0.71 per share, with EPS estimates ranging from $0.62 to $0.83. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that cover Kinder Morgan.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.21 billion. During the same quarter last year, the firm earned ($0.10) EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year.

Several equities analysts recently weighed in on KMI shares. The Goldman Sachs Group, Inc. cut shares of Kinder Morgan from a “buy” rating to a “neutral” rating and raised their price target for the company from $18.81 to $22.00 in a research report on Tuesday, October 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of Kinder Morgan in a research report on Tuesday, September 5th. Zacks Investment Research raised shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Stifel Nicolaus dropped their price target on shares of Kinder Morgan from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, October 24th. Finally, Raymond James Financial, Inc. reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. Kinder Morgan has an average rating of “Hold” and a consensus target price of $22.97.

Hedge funds have recently modified their holdings of the company. Heritage Trust Co increased its stake in shares of Kinder Morgan by 457.7% during the 2nd quarter. Heritage Trust Co now owns 5,242 shares of the pipeline company’s stock worth $101,000 after purchasing an additional 4,302 shares during the last quarter. Welch Investments LLC purchased a new stake in shares of Kinder Morgan during the 3rd quarter worth approximately $102,000. Valeo Financial Advisors LLC purchased a new stake in shares of Kinder Morgan during the 3rd quarter worth approximately $104,000. Fiduciary Trust Co. purchased a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $115,000. Finally, Parallel Advisors LLC increased its stake in shares of Kinder Morgan by 14.0% during the 2nd quarter. Parallel Advisors LLC now owns 6,673 shares of the pipeline company’s stock worth $136,000 after purchasing an additional 819 shares during the last quarter. Institutional investors own 59.03% of the company’s stock.

Shares of Kinder Morgan (NYSE KMI) traded up $0.18 during midday trading on Tuesday, reaching $17.01. 11,879,292 shares of the company traded hands, compared to its average volume of 11,375,714. Kinder Morgan has a twelve month low of $16.81 and a twelve month high of $23.01. The company has a market cap of $37,990.00, a PE ratio of 26.20, a price-to-earnings-growth ratio of 1.32 and a beta of 0.65. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.42.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were paid a dividend of $0.125 per share. The ex-dividend date was Monday, October 30th. This represents a $0.50 annualized dividend and a dividend yield of 2.94%. Kinder Morgan’s payout ratio is currently 89.29%.

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About Kinder Morgan

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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Earnings History and Estimates for Kinder Morgan (NYSE:KMI)

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