Kinder Morgan (NYSE:KMI) released its quarterly earnings results on Tuesday. The pipeline company reported $0.27 EPS for the quarter, topping the consensus estimate 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 return on equity of 6.07% and a net margin of 1.02%. The firm’s revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 earnings per share.
KMI traded down $0.40 during trading on Thursday, reaching $15.19. 329,780 shares of the stock were exchanged, compared to its average volume of 18,882,000. The business’s 50 day moving average price is $14.46 and its two-hundred day moving average price is $13.75. 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 company has a market capitalization of $34.39 billion, a price-to-earnings ratio of 311.80, a P/E/G ratio of 5.61 and a beta of 0.98. Kinder Morgan has a 1 year low of $9.42 and a 1 year high of $22.58.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 16th. Shareholders of record on Monday, February 1st will be given a dividend of $0.2625 per share. This represents a $1.05 dividend on an annualized basis and a yield of 6.91%. Kinder Morgan’s payout ratio is 110.53%.
KMI has been the topic of several research analyst reports. Wells Fargo & Company lowered Kinder Morgan from an “overweight” rating to an “equal weight” rating and set a $17.00 price target on the stock. in a research report on Monday, November 30th. Raymond James lowered Kinder Morgan from an “outperform” rating to a “market perform” rating in a research report on Monday, January 11th. Tudor Pickering lowered Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, January 8th. Barclays reaffirmed an “equal weight” rating and set a $15.00 price target (down previously from $16.00) on shares of Kinder Morgan in a research report on Tuesday, January 12th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on Kinder Morgan in a research note on Thursday, December 3rd. They issued an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target 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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