US Capital Advisors Weighs in on Kinder Morgan Inc’s Q2 2019 Earnings (KMI)

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Kinder Morgan Inc (NYSE:KMI) – Equities researchers at US Capital Advisors cut their Q2 2019 EPS estimates for Kinder Morgan in a report released on Monday, March 18th. US Capital Advisors analyst B. Followill now anticipates that the pipeline company will post earnings of $0.22 per share for the quarter, down from their prior estimate of $0.23. US Capital Advisors also issued estimates for Kinder Morgan’s Q3 2019 earnings at $0.22 EPS, Q1 2020 earnings at $0.25 EPS, Q2 2020 earnings at $0.24 EPS, Q3 2020 earnings at $0.24 EPS and Q4 2020 earnings at $0.24 EPS.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 16th. The pipeline company reported $0.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.79 billion. Kinder Morgan had a return on equity of 5.86% and a net margin of 11.38%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 earnings per share.

KMI has been the subject of several other reports. TheStreet upgraded Kinder Morgan from a “c” rating to a “b-” rating in a research note on Wednesday, January 16th. Argus restated a “buy” rating and set a $23.00 price target on shares of Kinder Morgan in a research note on Tuesday, January 22nd. Mizuho assumed coverage on Kinder Morgan in a research note on Wednesday, November 28th. They set a “buy” rating and a $22.00 price target for the company. ValuEngine upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Zacks Investment Research upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Kinder Morgan presently has an average rating of “Buy” and a consensus target price of $20.87.

Shares of NYSE:KMI opened at $20.05 on Wednesday. The stock has a market cap of $44.10 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 2.67 and a beta of 0.96. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 0.98. Kinder Morgan has a 12 month low of $14.62 and a 12 month high of $20.18.

Several hedge funds and other institutional investors have recently modified their holdings of KMI. Avestar Capital LLC boosted its holdings in Kinder Morgan by 83.5% in the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the pipeline company’s stock valued at $27,000 after purchasing an additional 985 shares during the last quarter. Intercontinental Wealth Advisors LLC purchased a new position in Kinder Morgan in the fourth quarter valued at about $28,000. Cornerstone Advisors Inc. boosted its holdings in Kinder Morgan by 129.8% in the fourth quarter. Cornerstone Advisors Inc. now owns 1,896 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 1,071 shares during the last quarter. Bedel Financial Consulting Inc. boosted its holdings in Kinder Morgan by 573.6% in the fourth quarter. Bedel Financial Consulting Inc. now owns 1,987 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 1,692 shares during the last quarter. Finally, Spence Asset Management purchased a new position in Kinder Morgan in the fourth quarter valued at about $37,000. 63.80% of the stock is owned by institutional investors.

In related news, Director Deborah Macdonald bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was bought at an average price of $19.89 per share, with a total value of $49,725.00. Following the completion of the transaction, the director now directly owns 25,328 shares of the company’s stock, valued at $503,773.92. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Richard D. Kinder bought 50,000 shares of the firm’s stock in a transaction dated Tuesday, January 29th. The stock was bought at an average cost of $17.92 per share, with a total value of $896,000.00. Following the transaction, the insider now directly owns 235,262,353 shares of the company’s stock, valued at $4,215,901,365.76. The disclosure for this purchase can be found here. Insiders bought 2,521,612 shares of company stock valued at $47,637,339 in the last ninety days. Company insiders own 14.16% of the company’s stock.

About Kinder Morgan

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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Earnings History and Estimates for Kinder Morgan (NYSE:KMI)

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