Kinder Morgan Inc (NYSE:KMI) – Research analysts at US Capital Advisors dropped their Q3 2019 earnings per share (EPS) estimates for shares of Kinder Morgan in a research note issued to investors on Tuesday, October 15th. US Capital Advisors analyst B. Followill now expects that the pipeline company will post earnings of $0.23 per share for the quarter, down from their prior forecast of $0.24. US Capital Advisors also issued estimates for Kinder Morgan’s FY2020 earnings at $0.97 EPS and FY2021 earnings at $0.98 EPS.
A number of other research analysts also recently weighed in on KMI. TD Securities started coverage on Kinder Morgan in a research note on Wednesday, October 2nd. They set a “buy” rating and a $25.00 price target on the stock. Raymond James downgraded Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 price target on the stock. in a research note on Wednesday, June 26th. Argus downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Zacks Investment Research reaffirmed a “buy” rating and set a $23.00 price target on shares of Kinder Morgan in a research note on Saturday, June 29th. Finally, Scotia Howard Weill started coverage on Kinder Morgan in a research note on Tuesday, September 3rd. They set a “sector perform” rating and a $23.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.11.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Kinder Morgan had a net margin of 16.50% and a return on equity of 6.23%. The business had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period in the prior year, the firm earned $0.21 earnings per share. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year.
In other Kinder Morgan news, Director Deborah Macdonald acquired 5,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average price of $19.91 per share, for a total transaction of $99,550.00. Following the completion of the transaction, the director now owns 30,328 shares of the company’s stock, valued at approximately $603,830.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Dax Sanders sold 71,944 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $20.05, for a total value of $1,442,477.20. Following the completion of the sale, the vice president now owns 204,605 shares in the company, valued at approximately $4,102,330.25. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 705,000 shares of company stock valued at $14,007,550. 13.95% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wedbush Securities Inc. raised its position in Kinder Morgan by 4.0% during the third quarter. Wedbush Securities Inc. now owns 89,563 shares of the pipeline company’s stock valued at $1,846,000 after purchasing an additional 3,415 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Kinder Morgan by 12.0% during the third quarter. Envestnet Asset Management Inc. now owns 996,704 shares of the pipeline company’s stock valued at $20,542,000 after purchasing an additional 106,819 shares in the last quarter. Strategic Advisors LLC raised its position in Kinder Morgan by 48.6% during the third quarter. Strategic Advisors LLC now owns 26,469 shares of the pipeline company’s stock valued at $546,000 after purchasing an additional 8,654 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Kinder Morgan by 48.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,863,954 shares of the pipeline company’s stock valued at $38,417,000 after buying an additional 609,791 shares during the last quarter. Finally, Optimum Investment Advisors grew its stake in shares of Kinder Morgan by 10.6% during the third quarter. Optimum Investment Advisors now owns 6,559 shares of the pipeline company’s stock valued at $135,000 after buying an additional 628 shares during the last quarter. Institutional investors and hedge funds own 61.76% of the company’s stock.
Kinder Morgan Company Profile
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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