Kinder Morgan Inc (KMI) Forecasted to Post Q1 2018 Earnings of $0.16 Per Share
Kinder Morgan Inc (NYSE:KMI) – Research analysts at Jefferies Group cut their Q1 2018 earnings estimates for shares of Kinder Morgan in a note issued to investors on Wednesday. Jefferies Group analyst C. Sighinolfi now anticipates that the pipeline company will post earnings of $0.16 per share for the quarter, down from their previous estimate of $0.17. Jefferies Group also issued estimates for Kinder Morgan’s Q4 2018 earnings at $0.19 EPS, FY2018 earnings at $0.70 EPS, FY2019 earnings at $0.79 EPS and FY2021 earnings at $1.01 EPS.
Other analysts also recently issued research reports about the stock. SunTrust Banks set a $23.00 price target on shares of Kinder Morgan and gave the company a “buy” rating in a report on Thursday, October 19th. Stifel Nicolaus reduced their price target on shares of Kinder Morgan from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, October 24th. BMO Capital Markets set a $26.00 price target on shares of Kinder Morgan and gave the company a “buy” rating in a report on Thursday, October 12th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $22.00 price target on shares of Kinder Morgan in a report on Wednesday, November 15th. Finally, Zacks Investment Research raised shares of Kinder Morgan from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. Kinder Morgan presently has a consensus rating of “Hold” and a consensus target price of $22.97.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.21 billion. During the same quarter in the prior year, the firm earned ($0.10) earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year.
A number of hedge funds have recently modified their holdings of KMI. Heritage Trust Co increased its position in Kinder Morgan by 457.7% during the second 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 acquired a new position in Kinder Morgan during the third quarter worth approximately $102,000. Valeo Financial Advisors LLC acquired a new position in Kinder Morgan during the third quarter worth approximately $104,000. Fiduciary Trust Co. acquired a new position in Kinder Morgan during the second quarter worth approximately $115,000. Finally, Acrospire Investment Management LLC increased its position in Kinder Morgan by 30.7% during the second quarter. Acrospire Investment Management LLC now owns 6,814 shares of the pipeline company’s stock worth $131,000 after purchasing an additional 1,600 shares during the last quarter. 60.73% of the stock is owned by hedge funds and other institutional investors.
In related news, VP Thomas A. Martin purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average price of $17.10 per share, with a total value of $51,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 13.99% of the company’s stock.
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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