Trading Report: Today, Kinder Morgan Inc. (KMI) Scheduled to Post Quarterly Earnings on Wednesday

Today, Kinder Morgan Inc. (KMI) Scheduled to Post Quarterly Earnings on Wednesday

Kinder Morgan Inc. (NYSE:KMI) will announce its earnings results after the market closes on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.16 per share for the quarter.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same period last year, the business earned $0.16 EPS. The company’s revenue was down 9.2% compared to the same quarter last year. On average, analysts expect Kinder Morgan to post $0.62 EPS for the current fiscal year and $0.73 EPS for the next fiscal year.

Shares of Kinder Morgan Inc. (NYSE:KMI) opened at 20.36 on Monday. The stock has a 50 day moving average of $21.91 and a 200-day moving average of $19.61. Kinder Morgan Inc. has a 12-month low of $11.20 and a 12-month high of $32.20. The company has a market capitalization of $45.45 billion, a PE ratio of 727.14 and a beta of 0.69.

KMI has been the topic of several recent research reports. Vetr raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $21.84 price target on the stock in a research report on Monday, July 25th. Deutsche Bank AG reissued a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 29th. Zacks Investment Research raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, September 20th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Kinder Morgan in a research report on Tuesday, July 12th. Finally, TheStreet raised shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Thirteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $21.35.

A number of institutional investors have recently made changes to their positions in the stock. Lehman Financial Resources Inc. raised its position in shares of Kinder Morgan by 2.1% in the second quarter. Lehman Financial Resources Inc. now owns 18,942 shares of the company’s stock valued at $354,000 after buying an additional 385 shares in the last quarter. Cibc World Markets Corp bought a new position in shares of Kinder Morgan during the second quarter valued at approximately $238,000. Scotia Capital Inc. raised its position in shares of Kinder Morgan by 4.1% in the second quarter. Scotia Capital Inc. now owns 131,302 shares of the company’s stock valued at $2,469,000 after buying an additional 5,151 shares in the last quarter. Lebenthal Asset Management LLC bought a new position in shares of Kinder Morgan during the second quarter valued at approximately $1,080,000. Finally, Sei Investments Co. raised its position in shares of Kinder Morgan by 30.8% in the second quarter. Sei Investments Co. now owns 412,302 shares of the company’s stock valued at $7,718,000 after buying an additional 97,127 shares in the last quarter. Institutional investors own 54.58% of the company’s stock.

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