Analysts expect Kinder Morgan Inc (NYSE:KMI) to post $4.06 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Kinder Morgan’s earnings. The lowest sales estimate is $3.77 billion and the highest is $4.35 billion. Kinder Morgan posted sales of $3.63 billion during the same quarter last year, which would indicate a positive year over year growth rate of 11.8%. The business is expected to announce its next earnings results on Wednesday, January 16th.
On average, analysts expect that Kinder Morgan will report full-year sales of $14.36 billion for the current fiscal year, with estimates ranging from $14.13 billion to $14.71 billion. For the next year, analysts expect that the firm will post sales of $15.07 billion, with estimates ranging from $14.46 billion to $15.41 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Kinder Morgan.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 17th. The pipeline company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Kinder Morgan had a net margin of 0.78% and a return on equity of 5.51%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share.
Shares of NYSE KMI traded up $0.05 during midday trading on Friday, reaching $17.50. 9,608,811 shares of the stock were exchanged, compared to its average volume of 14,573,268. The stock has a market cap of $37.19 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 2.28 and a beta of 0.69. Kinder Morgan has a 12 month low of $14.69 and a 12 month high of $19.83. The company has a quick ratio of 0.98, a current ratio of 1.05 and a debt-to-equity ratio of 1.00.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, October 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.57%. Kinder Morgan’s dividend payout ratio is presently 121.21%.
In other news, insider Richard D. Kinder acquired 500,000 shares of the stock in a transaction dated Thursday, September 27th. The shares were bought at an average cost of $17.55 per share, for a total transaction of $8,775,000.00. Following the purchase, the insider now directly owns 235,212,353 shares of the company’s stock, valued at $4,127,976,795.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 14.16% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Starr International Co. Inc. boosted its holdings in shares of Kinder Morgan by 36.0% during the 2nd quarter. Starr International Co. Inc. now owns 198,576 shares of the pipeline company’s stock worth $3,509,000 after buying an additional 52,599 shares during the period. Paloma Partners Management Co boosted its holdings in shares of Kinder Morgan by 14.3% during the 2nd quarter. Paloma Partners Management Co now owns 84,323 shares of the pipeline company’s stock worth $1,490,000 after buying an additional 10,541 shares during the period. Cadence Capital Management LLC boosted its holdings in shares of Kinder Morgan by 2.5% during the 3rd quarter. Cadence Capital Management LLC now owns 509,272 shares of the pipeline company’s stock worth $9,029,000 after buying an additional 12,214 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Kinder Morgan during the 2nd quarter worth about $24,035,000. Finally, Millennium Management LLC boosted its holdings in shares of Kinder Morgan by 81.4% during the 2nd quarter. Millennium Management LLC now owns 3,673,782 shares of the pipeline company’s stock worth $64,916,000 after buying an additional 1,648,737 shares during the period. 60.52% of the stock is owned by institutional investors and hedge funds.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada 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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