During the same period in the prior year, the business earned $0.17 earnings per share. sell-side analysts anticipate that Kinder Morgan will post 0.87 earnings per share for the current year.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 18th. The institutional investor owned 245,134 shares of the pipeline company's stock after buying an additional 202,000 shares during the 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 for the quarter, compared to analyst estimates of $3.56 billion. The pipeline company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates 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 research firms have weighed in on KML. Deutsche Bank initiated coverage on Kinder Morgan in a research note on Thursday, April 19th. On Friday, February 9 the firm has "Overweight" rating given by Morgan Stanley. Blair William And Il holds 0.12% in Kinder Morgan, Inc. Wells Fargo reaffirmed a "market perform" rating on shares of Kinder Morgan in a research report on Thursday, January 11th. Bank of America began coverage on Kinder Morgan in a research report on Tuesday, January 9th. On Tuesday, April 17 Barclays Capital maintained Kinder Morgan, Inc. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the previous year is C$20.42. Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. Callahan Advisors LLC boosted its stake in Kinder Morgan by 0.8% in the fourth quarter. Robertson Opportunity Capital LLC now owns 466,500 shares of the pipeline company's stock worth $7,025,000 after buying an additional 290,500 shares in the last quarter. Commonwealth Bank Of Australia has cut its stake in Newmont Mining Corp (NYSE:NEM) and also reduced its holding in Steel Dynamics Inc (NASDAQ:STLD) by 83,875 shares in the quarter, for a total of 176,080 shares. Financial Advantage Inc. now owns 305,025 shares of the pipeline company's stock valued at $5,512,000 after buying an additional 3,204 shares during the last quarter. Finally, Grassi Investment Management grew its stake in Kinder Morgan by 17.7% during the 4th quarter. PA raised its holdings in shares of Kinder Morgan by 2.5% in the fourth quarter. Advisory Services Network Llc acquired 28,733 shares as Kinder Morgan Inc Del (KMI)'s stock declined 16.40%. Graybill Bartz & Assoc Ltd. raised its holdings in shares of Kinder Morgan by 2.7% in the fourth quarter. Graybill Bartz & Assoc Ltd. now owns 135,847 shares of the pipeline company's stock valued at $2,455,000 after buying an additional 3,585 shares during the last quarter. Confluence Investment Management LLC grew its stake in Kinder Morgan by 2.5% during the 4th quarter. Funds hold 1.31 billion shares thus 0.25% more from 2017Q3's 1.31 billion shares.
KML stock traded down C$0.01 during mid-day trading on Wednesday, reaching C$17.27. The company's stock had a trading volume of 2,508,873 shares, compared to its average volume of 16,384,596. Kinder Morgan has a 1 year low of $14.69 and a 1 year high of $21.25. KMI's debt-to-equity ratio is 1.13 versus a D/E of 0.83 for X. The total market cap for the stock is $317.63M its price-to-earnings-growth ratio reads 7.40 while it has a beta of 1.68.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be paid 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 of this dividend is Friday, April 27th.
The performance of Kinder Morgan, Inc. Kinder Morgan's dividend payout ratio is presently 121.21%.
COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Macon Daily and is the property of of Macon Daily. Richard Bernstein Advsr Ltd Liability Co has invested 0% in Kinder Morgan, Inc. 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.