Kinder Morgan warns pipeline expansion could be further delayed

Marcus Newton
December 6, 2017

The stock decreased 11.61% or $0.3134 during the last trading session, reaching $2.3866. The NYSE-listed company saw a recent bid of $17.25 on volume of 16.1 million shares. It has outperformed by 17.62% the S&P500. SunTrust Banks set a $23.00 target price on Kinder Morgan and gave the company a "buy" rating in a research note on Thursday, October 19th. When it comes to net revenue, the average estimate from a total of 6 analysts is 3.39 billion - compared to $3.39 billion posted in the year-ago period.

The stock increased 1.04% or $0.18 during the last trading session, reaching $17.41. (NYSE:KMI). Wfg Advisors Lp holds 0.72% or 167,180 shares in its portfolio. It has underperformed by 3.61% the S&P500. The stock of Kinder Morgan, Inc. They expect $0.17 EPS, down 10.53% or $0.02 from last year's $0.19 per share. Profit margins are at 9.20% while the operating margin stands at 25.30%. The institutional investor held 2.15 million shares of the medical and dental instruments company at the end of 2017Q2, valued at $448.45M, up from 1.95 million at the end of the previous reported quarter. 80 funds opened positions while 258 raised stakes.

In other Kinder Morgan news, insider Richard D. Kinder purchased 500,000 shares of the business's stock in a transaction that occurred on Tuesday, May 30th. Private Harbour Investment Management & Counsel LLC now owns 15,050 shares of the pipeline company's stock valued at $288,000 after acquiring an additional 50 shares during the last quarter. Ibm Retirement Fund reported 0.19% stake. (NYSE:KMI) by 307.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. (NYSE:KMI). Raymond James Services Advsr Incorporated holds 0.09% or 673,316 shares in its portfolio. After $0.15 actual EPS reported by Kinder Morgan, Inc. for the previous quarter, Wall Street now forecasts 13.33% EPS growth. Gofen & Glossberg Limited Liability Corporation Il stated it has 0.02% in Kinder Morgan, Inc. Bb&T holds 0.03% or 91,467 shares in its portfolio. The firm purchased 28,800 shares of the pipeline company's stock, valued at approximately $552,000.

By 2:08 p.m. ET, Kinder Morgan Canada shares were down 4.5 per cent at $16.28 on the Toronto Stock Exchange, while the benchmark energy index was up 0.3 per cent. The investor is now holding $37.06 million shares due in part to a decrease of 104261 new shares in their portfolio. The stock of Kinder Morgan, Inc.

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Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 18th. Therefore 59% are positive. Kinder Morgan's dividend payout ratio (DPR) is presently 89.29%. The rating was initiated by Craig Hallum on Wednesday, February 24 with "Buy". As per Thursday, June 22, the company rating was maintained by Jefferies. Meanwhile, the average 12-month price target from Wall Street analysts is now $23.44, this means that the stock is underpriced by 25.725%. The rating was downgraded by Stifel Nicolaus to "Hold" on Thursday, October 22. About 723,049 shares traded. Its down 93.8% from 132,300 shares previously. Therefore 40% are positive. On Thursday, July 20 the stock rating was maintained by RBC Capital Markets with "Hold". It also reduced its holding in Gaslog Partners Lp (NYSE:GLOP) by 312,016 shares in the quarter, leaving it with 984,280 shares, and cut its stake in Micron Technology Inc (NASDAQ:MU). The rating was initiated by Macquarie Research on Friday, April 21 with "Neutral". The firm earned "Underweight" rating on Wednesday, March 30 by Morgan Stanley. It fall, as 70 investors sold KMI shares while 349 reduced holdings. A number of hedge funds have recently made changes to their positions in the stock. Merriman Wealth Management LLC boosted its holdings in shares of Kinder Morgan by 0.4% during the 2nd quarter. 48,042 are owned by Atlantic Group Ltd Liability Corporation. Reilly Fin Advisors Ltd Limited Liability Company accumulated 5,017 shares or 0.01% of the stock. Acropolis Invest Ltd Limited Liability Company holds 0.13% of its portfolio in Kinder Morgan, Inc. Stearns Svcs Grp holds 0.07% in Norfolk Southern Corporation (NYSE:NSC) or 2,338 shares. (NYSE:KMI) for 23,806 shares. 19,800 were accumulated by Smith Salley & Assocs.

The dividend yield for the company is hovering around 2.87% while the pay out ratio is now at 89.80%.

Since June 15, 2017, it had 0 insider purchases, and 2 insider sales for $5.77 million activity.

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