Kinder Morgan (NYSE:KMI) announced its quarterly earnings data on Wednesday. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01), RTT News reports. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.59 billion. Kinder Morgan had a return on equity of 6.23% and a net margin of 16.50%. The company’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.20 EPS.
KMI opened at $20.50 on Friday. Kinder Morgan has a fifty-two week low of $14.62 and a fifty-two week high of $21.50. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.41 and a quick ratio of 0.37. The business’s fifty day simple moving average is $20.83. The firm has a market capitalization of $46.23 billion, a P/E ratio of 23.03, a P/E/G ratio of 3.02 and a beta of 0.85.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $1.00 dividend on an annualized basis and a yield of 4.88%. Kinder Morgan’s dividend payout ratio is currently 112.36%.
In related news, insider Richard D. Kinder acquired 400,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was bought at an average cost of $19.53 per share, with a total value of $7,812,000.00. Following the completion of the acquisition, the insider now owns 240,201,954 shares in the company, valued at $4,691,144,161.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Richard D. Kinder acquired 200,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were bought at an average cost of $19.89 per share, with a total value of $3,978,000.00. Following the completion of the acquisition, the insider now owns 239,801,954 shares of the company’s stock, valued at approximately $4,769,660,865.06. The disclosure for this purchase can be found here. Insiders have acquired 1,607,164 shares of company stock worth $31,486,119 in the last quarter. Corporate insiders own 13.95% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Founders Capital Management lifted its holdings in shares of Kinder Morgan by 224.9% during the first quarter. Founders Capital Management now owns 1,228 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 850 shares during the period. Citizens Financial Group Inc RI lifted its holdings in shares of Kinder Morgan by 119.2% during the first quarter. Citizens Financial Group Inc RI now owns 1,256 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 683 shares during the period. Financial Gravity Wealth Inc. bought a new position in shares of Kinder Morgan during the first quarter valued at $30,000. Hanson McClain Inc. lifted its holdings in shares of Kinder Morgan by 606.6% during the first quarter. Hanson McClain Inc. now owns 1,505 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 1,292 shares during the period. Finally, Webster Bank N. A. bought a new position in shares of Kinder Morgan during the first quarter valued at $31,000. 62.58% of the stock is owned by institutional investors.
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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