Kinder Morgan (KMI) Announces Earnings Results, Beats Expectations By $0.03 EPS
Kinder Morgan (NYSE:KMI) announced its earnings results on Tuesday. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03, Bloomberg Earnings reports. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.52 billion. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. Kinder Morgan’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 EPS.
Kinder Morgan (KMI) traded down $0.41 during mid-day trading on Thursday, hitting $19.16. The company had a trading volume of 11,906,195 shares, compared to its average volume of 14,410,000. The firm has a market cap of $42,780.00, a price-to-earnings ratio of 1,916.29, a PEG ratio of 1.32 and a beta of 0.62. Kinder Morgan has a 1-year low of $16.68 and a 1-year high of $23.01. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.42 and a quick ratio of 0.35.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.61%. Kinder Morgan’s payout ratio is presently 5,000.00%.
Several research firms have weighed in on KMI. Wells Fargo & Co reaffirmed a “market perform” rating on shares of Kinder Morgan in a research report on Thursday, January 11th. Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Credit Suisse Group began coverage on Kinder Morgan in a research report on Thursday, January 4th. They set an “outperform” rating and a $23.00 price target on the stock. Bank of America began coverage on Kinder Morgan in a research report on Tuesday, January 9th. They set a “neutral” rating on the stock. Finally, Mizuho reaffirmed a “hold” rating and set a $22.00 price target on shares of Kinder Morgan in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $22.72.
In other news, VP Thomas A. Martin purchased 3,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, December 5th. The stock was acquired at an average cost of $17.10 per share, for a total transaction of $51,300.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 13.99% of the company’s stock.
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Kinder Morgan Company Profile
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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