Kinder Morgan, Inc. (NYSE:KMI) – Equities research analysts at Jefferies Group lowered their Q2 2017 earnings estimates for shares of Kinder Morgan in a report issued on Wednesday. Jefferies Group analyst C. Sighinolfi now anticipates that the pipeline company will post earnings per share of $0.15 for the quarter, down from their prior estimate of $0.16. Jefferies Group currently has a “Hold” rating and a $23.00 price target on the stock. Jefferies Group also issued estimates for Kinder Morgan’s FY2018 earnings at $0.71 EPS.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 19th. The pipeline company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.36 billion. Kinder Morgan had a net margin of 6.27% and a return on equity of 4.62%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 earnings per share.
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A number of other analysts have also recently weighed in on the stock. Credit Suisse Group set a $27.00 target price on shares of Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, April 20th. Raymond James Financial, Inc. reissued a “buy” rating on shares of Kinder Morgan in a report on Wednesday, May 31st. Wells Fargo & Company reissued an “outperform” rating and set a $25.00 target price (down from $26.50) on shares of Kinder Morgan in a report on Monday, May 15th. BMO Capital Markets set a $26.00 target price on shares of Kinder Morgan and gave the stock a “buy” rating in a report on Tuesday, June 20th. Finally, Morgan Stanley reissued an “overweight” rating and set a $25.00 target price on shares of Kinder Morgan in a report on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $24.22.
Kinder Morgan (NYSE KMI) opened at 19.55 on Monday. The firm has a market capitalization of $43.64 billion, a price-to-earnings ratio of 64.74 and a beta of 0.63. Kinder Morgan has a 1-year low of $18.31 and a 1-year high of $23.36. The firm has a 50-day moving average of $19.12 and a 200-day moving average of $20.89.
Institutional investors have recently made changes to their positions in the stock. First Bank & Trust raised its position in shares of Kinder Morgan by 9.4% in the first quarter. First Bank & Trust now owns 4,739 shares of the pipeline company’s stock worth $103,000 after buying an additional 408 shares in the last quarter. Trust Co. of Vermont raised its position in shares of Kinder Morgan by 10.3% in the second quarter. Trust Co. of Vermont now owns 7,197 shares of the pipeline company’s stock worth $138,000 after buying an additional 675 shares in the last quarter. CWM LLC raised its position in shares of Kinder Morgan by 770.5% in the second quarter. CWM LLC now owns 8,052 shares of the pipeline company’s stock worth $154,000 after buying an additional 7,127 shares in the last quarter. Guardian Life Insurance Co. of America raised its position in shares of Kinder Morgan by 0.8% in the first quarter. Guardian Life Insurance Co. of America now owns 7,416 shares of the pipeline company’s stock worth $161,000 after buying an additional 60 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its position in shares of Kinder Morgan by 20.6% in the first quarter. Salem Investment Counselors Inc. now owns 7,959 shares of the pipeline company’s stock worth $171,000 after buying an additional 1,359 shares in the last quarter. Hedge funds and other institutional investors own 57.53% of the company’s stock.
In related news, insider Richard D. Kinder bought 500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average price of $18.58 per share, for a total transaction of $9,290,000.00. Following the transaction, the insider now directly owns 234,712,353 shares of the company’s stock, valued at approximately $4,360,955,518.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dax Sanders bought 2,600 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was bought at an average price of $18.60 per share, with a total value of $48,360.00. The disclosure for this purchase can be found here. Corporate insiders own 13.99% of the company’s stock.
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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