Kinder Morgan (KMI) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Kinder Morgan (NYSE:KMI) announced its earnings results on Wednesday. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01, Bloomberg Earnings reports. Kinder Morgan had a return on equity of 4.55% and a net margin of 1.95%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same period in the prior year, the company posted $0.17 EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year.

Shares of KMI opened at $16.54 on Friday. Kinder Morgan has a 52 week low of $14.69 and a 52 week high of $21.25. The company has a current ratio of 0.44, a quick ratio of 0.37 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $35,672.10, a PE ratio of 25.06, a P/E/G ratio of 1.77 and a beta of 0.64.

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The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th will be paid a $0.20 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.84%. Kinder Morgan’s dividend payout ratio is presently 75.76%.

KMI has been the topic of several recent analyst reports. Credit Suisse Group set a $22.00 target price on Kinder Morgan and gave the company a “buy” rating in a research report on Monday, February 12th. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. Zacks Investment Research raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, March 13th. UBS reaffirmed a “buy” rating and set a $26.00 target price (down from $28.00) on shares of Kinder Morgan in a research report on Friday, March 2nd. Finally, Bank of America upgraded Kinder Morgan from a “neutral” rating to a “buy” rating and boosted their price target for the company from $15.61 to $20.00 in a research note on Wednesday, March 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Kinder Morgan presently has an average rating of “Buy” and an average price target of $21.60.

In related news, Director William A. Smith bought 5,500 shares of the stock in a transaction dated Monday, January 22nd. The shares were purchased at an average price of $19.52 per share, for a total transaction of $107,360.00. Following the completion of the purchase, the director now directly owns 14,587 shares of the company’s stock, valued at $284,738.24. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 14.16% of the stock is owned by corporate insiders.

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Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada 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.

Earnings History for Kinder Morgan (NYSE:KMI)

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