Kinder Morgan Inc (NYSE:KMI) – Jefferies Financial Group reduced their Q2 2019 earnings estimates for shares of Kinder Morgan in a research report issued to clients and investors on Monday, April 15th. Jefferies Financial Group analyst C. Sighinolfi now forecasts that the pipeline company will earn $0.19 per share for the quarter, down from their prior estimate of $0.24. Jefferies Financial Group has a “Hold” rating and a $20.00 price objective on the stock. Jefferies Financial Group also issued estimates for Kinder Morgan’s Q3 2019 earnings at $0.20 EPS, Q4 2019 earnings at $0.27 EPS, FY2019 earnings at $0.94 EPS, Q2 2020 earnings at $0.19 EPS, Q3 2020 earnings at $0.22 EPS, Q4 2020 earnings at $0.29 EPS, FY2020 earnings at $0.97 EPS, FY2021 earnings at $1.00 EPS, FY2022 earnings at $1.03 EPS and FY2023 earnings at $1.06 EPS.
Several other equities research analysts have also issued reports on the company. Goldman Sachs Group lowered Kinder Morgan from a “conviction-buy” rating to a “buy” rating and set a $23.00 target price for the company. in a research report on Thursday, March 28th. Citigroup lowered Kinder Morgan from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research report on Wednesday, March 27th. JPMorgan Chase & Co. lowered Kinder Morgan from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $21.00 to $22.00 in a report on Friday, March 22nd. Zacks Investment Research lowered Kinder Morgan from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. Finally, Evercore ISI began coverage on Kinder Morgan in a report on Tuesday, February 5th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $21.32.
Shares of Kinder Morgan stock opened at $19.79 on Tuesday. Kinder Morgan has a 1 year low of $14.62 and a 1 year high of $20.44. The firm has a market cap of $43.72 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.62 and a beta of 0.96. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 0.98.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. Kinder Morgan had a return on equity of 5.86% and a net margin of 11.38%. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the firm posted $0.21 EPS. The business’s revenue was up 4.1% compared to the same quarter last year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Welch Group LLC boosted its position in shares of Kinder Morgan by 18.7% during the 1st quarter. Welch Group LLC now owns 43,513 shares of the pipeline company’s stock valued at $871,000 after acquiring an additional 6,852 shares during the last quarter. Raymond James Trust N.A. lifted its position in Kinder Morgan by 4.1% in the 1st quarter. Raymond James Trust N.A. now owns 57,711 shares of the pipeline company’s stock worth $1,155,000 after buying an additional 2,276 shares during the last quarter. Sciencast Management LP bought a new stake in Kinder Morgan in the 1st quarter worth approximately $660,000. Retirement Systems of Alabama lifted its position in Kinder Morgan by 3.6% in the 1st quarter. Retirement Systems of Alabama now owns 906,492 shares of the pipeline company’s stock worth $18,139,000 after buying an additional 31,268 shares during the last quarter. Finally, Strategic Advisors LLC lifted its position in Kinder Morgan by 62.9% in the 1st quarter. Strategic Advisors LLC now owns 28,979 shares of the pipeline company’s stock worth $580,000 after buying an additional 11,195 shares during the last quarter. Hedge funds and other institutional investors own 64.93% of the company’s stock.
In related news, Chairman Richard D. Kinder bought 100,000 shares of Kinder Morgan stock in a transaction on Thursday, January 31st. The stock was acquired at an average price of $18.05 per share, with a total value of $1,805,000.00. Following the acquisition, the chairman now directly owns 235,427,613 shares of the company’s stock, valued at $4,249,468,414.65. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Deborah Macdonald bought 2,500 shares of Kinder Morgan stock in a transaction on Tuesday, March 12th. The shares were bought at an average cost of $19.89 per share, with a total value of $49,725.00. Following the acquisition, the director now directly owns 25,328 shares in the company, valued at $503,773.92. The disclosure for this purchase can be found here. In the last three months, insiders purchased 3,090,912 shares of company stock valued at $58,877,514. 13.95% of the stock is currently owned by insiders.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 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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