Analysts Anticipate Kinder Morgan (KMI) Will Announce Quarterly Sales of $3.44 Billion

Cornelia Mascio
Mag 16, 2018

Kinder Morgan had 85 analyst reports since July 30, 2015 according to SRatingsIntel. Kinder Morgan posted sales of $3.37 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 2.1%. During the same period in the prior year, the firm earned $0.17 EPS. equities analysts forecast that Kinder Morgan will post 0.87 earnings per share for the current fiscal year.

Technical Analysis of Kinder Morgan, Inc.: Looking into the profitability ratios of KMI stock, the shareholder will find its ROE, ROA and ROI standing at 0.3%, 0.1% and 0.3%, respectively. Grassi Investment Management now owns 246,968 shares of the pipeline company's stock valued at $4,463,000 after acquiring an additional 37,109 shares in the last quarter. Kinder Morgan had a return on equity of 4.57% and a net margin of 1.95%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.56 billion. The pipeline company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. On a percent-of-sales basis, KMI's free cash flow was 0% while X converted -2.55% of its revenues into cash flow.

A number of other brokerages also recently weighed in on KMI. On Thursday, January 11 the stock of Kinder Morgan, Inc. Zacks Investment Research downgraded shares of Kinder Morgan from a "hold" rating to a "sell" rating in a research report on Monday, January 8th. Bank of America began coverage on Kinder Morgan in a research report on Tuesday, January 9th. The company rating was upgraded by Argus Research on Monday, January 29. Barclays decreased their price objective on shares of Kinder Morgan from $23.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, April 17th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the stock. Kinder Morgan presently has an average rating of "Buy" and an average target price of $21.32.

Several institutional investors and hedge funds have recently made changes to their positions in the company. The stock decreased 1.20% or $0.2 during the last trading session, reaching $16.44.Kinder Morgan, Inc. has volume of 12.47 million shares. Prudential Financial Inc. now owns 3,700,679 shares of the pipeline company's stock worth $70,979,000 after purchasing an additional 669,600 shares in the last quarter. (NYSE:KMI) were released by: Seekingalpha.com and their article: "Kinder Morgan: Holding Pattern" published on April 22, 2018 as well as Fool.com's news article titled: "Better Buy: Kinder Morgan, Inc. vs. Plains All American Pipeline" with publication date: May 07, 2018. Amundi Pioneer Asset Management Inc. now owns 779,618 shares of the pipeline company's stock worth $11,740,000 after buying an additional 28,632 shares in the last quarter. Finally, Beach Investment Counsel Inc. Abbot Financial Management Inc. increased its holdings in shares of Kinder Morgan by 8.3% during the first quarter. Short interest, which represents the percentage of a stock's tradable shares now being shorted, captures what the market as a whole feels about a stock. DnB Asset Management AS now owns 250,073 shares of the pipeline company's stock valued at $4,519,000 after acquiring an additional 13,800 shares in the last quarter. Wealthstreet Investment Advisors LLC increased its holdings in shares of Kinder Morgan by 6.3% during the first quarter. Wealthstreet Investment Advisors LLC now owns 57,251 shares of the pipeline company's stock worth $862,000 after acquiring an additional 3,414 shares in the last quarter. Institutional investors own 62.63% of the company's stock. On Wednesday, April 18 SunTrust maintained Kinder Morgan, Inc.

Trading volume, or volume, is the number of shares or contracts that point towards the full activity of a security or stock market for a given period. Welch Group Ltd Liability has invested 0.04% of its capital in Kinder Morgan, Inc. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.48 and a quick ratio of 0.40. The firm has a market capitalization of $36.42 billion, a PE ratio of 25.23, a P/E/G ratio of 1.82 and a beta of 0.62.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Friday, April 27th. This is a boost from Kinder Morgan's previous quarterly dividend of $0.13. Kinder Morgan's payout ratio is 121.21%. If you are viewing this news story on another site, it was copied illegally and republished in violation of global trademark & copyright laws.

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