Kinder Morgan (KMI) Announces Earnings Results

Kinder Morgan (NYSE:KMI) announced its quarterly earnings results on Wednesday. The pipeline company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21, RTT News reports. The firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Kinder Morgan had a net margin of 0.78% and a return on equity of 5.52%. Kinder Morgan’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 earnings per share.

KMI opened at $17.94 on Friday. The company has a market cap of $39.60 billion, a PE ratio of 21.12, a PEG ratio of 2.44 and a beta of 0.73. Kinder Morgan has a 52-week low of $14.69 and a 52-week high of $19.83. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.41 and a current ratio of 0.49.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.46%. Kinder Morgan’s dividend payout ratio is currently 121.21%.

In related news, insider Richard D. Kinder purchased 500,000 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The stock was acquired at an average price of $17.55 per share, for a total transaction of $8,775,000.00. Following the completion of the purchase, the insider now owns 235,212,353 shares in the company, valued at $4,127,976,795.15. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William A. Smith purchased 5,556 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The stock was bought at an average price of $18.09 per share, with a total value of $100,508.04. Following the purchase, the director now owns 14,587 shares of the company’s stock, valued at approximately $263,878.83. The disclosure for this purchase can be found here. Company insiders own 14.16% of the company’s stock.

A number of brokerages have weighed in on KMI. Barclays set a $21.00 price target on shares of Kinder Morgan and gave the company a “buy” rating in a research report on Friday, October 12th. Credit Suisse Group began coverage on shares of Kinder Morgan in a research note on Thursday, October 11th. They set an “outperform” rating and a $23.00 price objective on the stock. Goldman Sachs Group began coverage on shares of Kinder Morgan in a research note on Monday, October 8th. They set a “conviction-buy” rating and a $24.00 price objective on the stock. ValuEngine upgraded shares of Kinder Morgan from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. Finally, Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $20.81.

About Kinder Morgan

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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Earnings History for Kinder Morgan (NYSE:KMI)

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