Kinder Morgan (NYSE:KMI) Posts Earnings Results, Misses Estimates By $0.01 EPS

Kinder Morgan (NYSE:KMI) posted its quarterly earnings results on Wednesday. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01), Zacks reports. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%.

Kinder Morgan Stock Down 1.4 %

Shares of Kinder Morgan stock traded down $0.43 on Wednesday, reaching $30.79. 20,191,036 shares of the company were exchanged, compared to its average volume of 14,591,789. Kinder Morgan has a 1-year low of $16.47 and a 1-year high of $31.48. The company has a market cap of $68.40 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 3.97 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The stock’s 50 day moving average price is $27.82 and its 200-day moving average price is $24.28.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.74%. Kinder Morgan’s dividend payout ratio is presently 100.88%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the purchase, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 55,121 shares of company stock valued at $1,497,000. 12.81% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KMI has been the topic of several recent research reports. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. Scotiabank began coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target on the stock. Bank of America began coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target on the stock. Royal Bank of Canada raised their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group raised their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily 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 gasification, liquefaction, and storage facilities.