Kinder Morgan (NYSE:KMI) posted its quarterly earnings data on Tuesday. The pipeline company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03, MarketWatch Earnings reports. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.06 billion. Kinder Morgan had a net margin of 1.02% and a return on equity of 6.07%. Kinder Morgan’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 earnings per share.
Shares of NYSE KMI traded down $0.28 on Thursday, hitting $15.31. The company’s stock had a trading volume of 207,491 shares, compared to its average volume of 18,882,000. Kinder Morgan has a 12-month low of $9.42 and a 12-month high of $22.58. The company has a market capitalization of $34.66 billion, a price-to-earnings ratio of 311.80, a price-to-earnings-growth ratio of 5.61 and a beta of 0.98. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.61 and a quick ratio of 0.54. The stock has a 50 day moving average of $14.46 and a 200-day moving average of $13.75.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 16th. Shareholders of record on Monday, February 1st will be issued a $0.2625 dividend. This represents a $1.05 annualized dividend and a dividend yield of 6.86%. Kinder Morgan’s dividend payout ratio (DPR) is presently 110.53%.
KMI has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded shares of Kinder Morgan from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $14.00 to $13.00 in a research note on Wednesday, October 14th. Wolfe Research lowered shares of Kinder Morgan from a “peer perform” rating to an “underperform” rating and boosted their price target for the stock from $13.00 to $14.00 in a research note on Monday, November 23rd. Credit Suisse Group lowered shares of Kinder Morgan from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Thursday, December 17th. Wells Fargo & Company lowered shares of Kinder Morgan from an “overweight” rating to an “equal weight” rating and set a $17.00 price target on the stock. in a research note on Monday, November 30th. Finally, Tudor Pickering lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, January 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. Kinder Morgan has an average rating of “Hold” and an average target price of $16.56.
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 gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.
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