Kinder Morgan Inc to Post Q1 2018 Earnings of $0.16 Per Share, Jefferies Group Forecasts (KMI)

Kinder Morgan Inc (NYSE:KMI) – Investment analysts at Jefferies Group decreased their Q1 2018 EPS estimates for shares of Kinder Morgan in a report issued on Wednesday, according to Zacks Investment Research. Jefferies Group analyst C. Sighinolfi now anticipates that the pipeline company will earn $0.16 per share for the quarter, down from their previous forecast 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.

Kinder Morgan (NYSE:KMI) last issued 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 return on equity of 3.81% and a net margin of 11.80%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year.

Several other equities analysts have also weighed in on the company. Royal Bank of Canada reissued a “hold” rating and issued a $22.00 target price on shares of Kinder Morgan in a research note on Wednesday, November 15th. Credit Suisse Group initiated coverage on Kinder Morgan in a research note on Thursday, January 4th. They issued an “outperform” rating and a $23.00 target price on the stock. Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Morgan Stanley cut their target price on Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, November 17th. Finally, Wells Fargo & Co reissued a “market perform” rating on shares of Kinder Morgan in a research note on Thursday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.72.

Shares of Kinder Morgan (NYSE KMI) traded up $0.32 on Thursday, hitting $19.52. The stock had a trading volume of 16,115,484 shares, compared to its average volume of 14,530,000. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.96. Kinder Morgan has a twelve month low of $16.68 and a twelve month high of $23.01. The firm has a market capitalization of $43,590.00, a price-to-earnings ratio of 34.86, a PEG ratio of 1.33 and a beta of 0.62.

In other Kinder Morgan news, VP Thomas A. Martin purchased 3,000 shares of the stock in a transaction on Tuesday, December 5th. The stock was bought at an average cost of $17.10 per share, for a total transaction of $51,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 13.99% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in KMI. Commonwealth Bank of Australia increased its holdings in shares of Kinder Morgan by 45.9% in the second quarter. Commonwealth Bank of Australia now owns 19,733,993 shares of the pipeline company’s stock worth $378,101,000 after acquiring an additional 6,205,165 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Kinder Morgan by 133.5% in the second quarter. Renaissance Technologies LLC now owns 8,210,372 shares of the pipeline company’s stock worth $157,311,000 after acquiring an additional 4,694,441 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Kinder Morgan by 22.9% in the second quarter. Dimensional Fund Advisors LP now owns 11,901,548 shares of the pipeline company’s stock worth $228,029,000 after acquiring an additional 2,217,905 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Kinder Morgan by 307.5% in the third quarter. Mackenzie Financial Corp now owns 2,881,569 shares of the pipeline company’s stock worth $55,268,000 after acquiring an additional 2,174,518 shares in the last quarter. Finally, Cohen & Steers Inc. increased its holdings in shares of Kinder Morgan by 22.7% in the third quarter. Cohen & Steers Inc. now owns 9,743,540 shares of the pipeline company’s stock worth $186,881,000 after acquiring an additional 1,801,348 shares in the last quarter. Institutional investors own 60.73% of the company’s stock.

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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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Earnings History and Estimates for Kinder Morgan (NYSE:KMI)

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