Kinder Morgan Inc (NYSE:KMI) – Jefferies Financial Group dropped their Q3 2018 EPS estimates for shares of Kinder Morgan in a report released on Tuesday, October 16th. Jefferies Financial Group analyst C. Sighinolfi now forecasts that the pipeline company will post earnings per share of $0.21 for the quarter, down from their previous forecast of $0.22. Jefferies Financial Group also issued estimates for Kinder Morgan’s Q4 2018 earnings at $0.22 EPS and FY2020 earnings at $1.05 EPS.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 18th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.42 billion. Kinder Morgan had a negative net margin of 1.82% and a positive return on equity of 5.07%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS.
Shares of NYSE KMI opened at $17.92 on Wednesday. The stock has a market cap of $39.11 billion, a P/E ratio of 27.15, a P/E/G ratio of 2.51 and a beta of 0.73. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.41 and a current ratio of 0.49. Kinder Morgan has a 12-month low of $14.69 and a 12-month high of $19.83.
In related news, insider Richard D. Kinder purchased 500,000 shares of the stock in a transaction dated Thursday, September 27th. The stock was bought at an average cost of $17.55 per share, with a total value of $8,775,000.00. Following the purchase, the insider now directly owns 235,212,353 shares in the company, valued at approximately $4,127,976,795.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William A. Smith purchased 5,556 shares of the stock in a transaction dated Thursday, July 26th. The stock was bought at an average cost of $18.09 per share, with a total value of $100,508.04. Following the completion of the purchase, the director now owns 14,587 shares in the company, valued at $263,878.83. The disclosure for this purchase can be found here. Insiders own 14.16% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Tortoise Capital Advisors L.L.C. increased its stake in shares of Kinder Morgan by 13.6% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 18,255,609 shares of the pipeline company’s stock valued at $322,577,000 after acquiring an additional 2,186,054 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kinder Morgan by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,483,633 shares of the pipeline company’s stock valued at $273,561,000 after acquiring an additional 322,787 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Kinder Morgan by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 11,028,849 shares of the pipeline company’s stock valued at $194,841,000 after acquiring an additional 80,214 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Kinder Morgan by 4.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 9,914,182 shares of the pipeline company’s stock valued at $174,778,000 after acquiring an additional 381,663 shares during the last quarter. Finally, Putnam Investments LLC increased its stake in shares of Kinder Morgan by 8.6% in the 2nd quarter. Putnam Investments LLC now owns 9,255,454 shares of the pipeline company’s stock valued at $163,544,000 after acquiring an additional 730,488 shares during the last quarter. 60.34% of the stock is owned by institutional investors.
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.
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