Media stories about Kinder Morgan (NYSE:KMI) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kinder Morgan earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the pipeline company an impact score of 46.4003374058743 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- UPDATE 1-Canada minister eyes pension funds for Kinder Morgan project (feeds.reuters.com)
- Kinder Morgan (KMI) Gets Financial Assurance from Canada (zacks.com)
- Is Energy Transfer Partners Exploring a C Corporation Structure? (finance.yahoo.com)
- Williams Partners Up 7% on Merger Announcement with GP (finance.yahoo.com)
- Energy Transfer Partners’ Leverage Position after Q1 2018 (finance.yahoo.com)
Several research firms have weighed in on KMI. Barclays dropped their price target on Kinder Morgan from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, April 17th. Bank of America restated a “buy” rating and issued a $16.17 price target (down from $20.00) on shares of Kinder Morgan in a research note on Thursday, April 19th. Stifel Nicolaus dropped their price target on Kinder Morgan from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Monday, April 30th. JPMorgan Chase dropped their price target on Kinder Morgan from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Monday, February 12th. Finally, Deutsche Bank began coverage on Kinder Morgan in a research note on Thursday, April 19th. They issued a “buy” rating and a $21.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $21.32.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 18th. The pipeline company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Kinder Morgan had a return on equity of 4.57% and a net margin of 1.95%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the prior year, the firm posted $0.17 EPS. Kinder Morgan’s quarterly revenue was down .2% compared to the same quarter last year. sell-side analysts expect that Kinder Morgan will post 0.87 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Monday, April 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.91%. The ex-dividend date was Friday, April 27th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.13. Kinder Morgan’s dividend payout ratio is presently 121.21%.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. 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.
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