Kinder Morgan Inc. (NYSE:KMI) – Stock analysts at Jefferies Group reduced their Q3 2016 earnings per share (EPS) estimates for Kinder Morgan in a research report issued on Thursday. Jefferies Group analyst C. Sighinolfi now forecasts that the firm will earn $0.12 per share for the quarter, down from their previous forecast of $0.14. Jefferies Group has a “Hold” rating and a $17.00 price objective on the stock. Jefferies Group also issued estimates for Kinder Morgan’s FY2016 earnings at $0.59 EPS and FY2017 earnings at $0.64 EPS.
Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 20th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.45 billion. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS.
A number of other research analysts have also recently weighed in on KMI. Vetr cut Kinder Morgan from a “hold” rating to a “sell” rating and set a $18.16 price target for the company. in a research report on Monday, July 11th. Zacks Investment Research upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Monday, June 20th. Credit Suisse Group AG set a $23.00 price target on Kinder Morgan and gave the company a “hold” rating in a report on Wednesday, July 20th. Barclays PLC lifted their price target on Kinder Morgan from $20.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, July 18th. Finally, TheStreet raised Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Thirteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $21.35.
Kinder Morgan (NYSE:KMI) traded down 0.58% on Friday, reaching $20.43. 7,443,508 shares of the company’s stock were exchanged. The stock has a market cap of $45.61 billion, a price-to-earnings ratio of 729.64 and a beta of 0.69. Kinder Morgan has a one year low of $11.20 and a one year high of $32.79. The firm has a 50 day moving average of $21.94 and a 200-day moving average of $19.59.
Several institutional investors have recently modified their holdings of the company. Stockman Asset Management boosted its position in shares of Kinder Morgan by 0.5% in the first quarter. Stockman Asset Management now owns 14,525 shares of the company’s stock worth $259,000 after buying an additional 76 shares during the last quarter. Fairfield Bush & CO. boosted its stake in Kinder Morgan by 0.3% in the second quarter. Fairfield Bush & CO. now owns 31,950 shares of the company’s stock worth $598,000 after buying an additional 80 shares in the last quarter. Ngam Advisors L.P. boosted its stake in Kinder Morgan by 0.7% in the second quarter. Ngam Advisors L.P. now owns 27,744 shares of the company’s stock worth $519,000 after buying an additional 184 shares in the last quarter. CapWealth Advisors LLC boosted its stake in Kinder Morgan by 1.5% in the second quarter. CapWealth Advisors LLC now owns 16,134 shares of the company’s stock worth $302,000 after buying an additional 243 shares in the last quarter. Finally, Ronna Sue Cohen boosted its stake in Kinder Morgan by 0.5% in the third quarter. Ronna Sue Cohen now owns 52,817 shares of the company’s stock worth $1,222,000 after buying an additional 256 shares in the last quarter. 54.61% of the stock is owned by institutional investors and hedge funds.
Kinder Morgan Company Profile