Kinder Morgan Inc. Announces Quarterly Dividend of $0.13 (KMI)

The segment’s performance was primarily impacted due to lower commodity prices.

Kinder Morgan (KMI) reported its 2Q16 earnings on July 20, 2016, after the market close. The stock price is going above to its 52 week low with 100.35% and lagging behind from its 52 week high with -37.17%. Analysts’ adjusted EPS for the quarter stood at $0.144. The Company handles energy products like natural gas, refined petroleum products, crude oil, ethanol, coal and carbon dioxide (CO2). KINDER RICHARD D is one of the largest insider shareholders in Kinder Morgan Inc (NYSE:KMI), according to U.S. Securities and Exchange Commission (SEC) filings.

Investors are not thrilled with what Kinder Morgan delivered this afternoon.

After piling up more than $40 billion in debt, the brainchild of Texas billionaire Rich Kinder was forced to severely curtail dividends and scrap billions of dollars in new pipelines to ward off a threatened credit-rating reduction late past year. The company also maintained the same level of dividend in the preceding quarter. The investment management company now holds a total of 97,568 shares of Kinder Morgan Inc which is valued at $2,155,277 after selling 5,759 shares in Kinder Morgan Inc, the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Kinder Morgan Inc makes up approximately 0.63% of Evanson Asset Management’s portfolio.

That is consistent with the company’s earlier comments and proves that our speculation that Kinder Morgan might raise its dividend was too aggressive. The rating firm gave a Neutral rating to this stock in a research note on Mar 17, 2016.Stifel analysts issued their verdict on Kinder Morgan Inc (NYSE:KMI) recently. The Weekly and Monthly Volatility of the stock are 3.42% and 3.05% respectively. Shareholders expected an increase in dividend payment but left disappointed.

Kinder Morgan Canada experienced high demand for capacity on the Trans Mountain pipeline system in the second quarter, with mainline throughput into Washington state up 25% from the same period previous year. (KMI) continued to rebuild its balance sheet and enhance its credit profile. There are 11 equity research firms suggesting a Hold and 0 consider it Sell. The companies will now share the $500 million expenses of the project.

“The natural gas pipelines segment’s performance for the second quarter of 2016 compared to the same period during 2015 included increased contribution from Tennessee Gas Pipeline (TGP) driven by expansion projects placed into service during 2015 and improved performance on the Hiland midstream assets”, CEO Steve Kean said. The consensus price target on the stock was $21.68 before today’s earnings announcement. Analysts had set the bar pretty low, but the company couldn’t quite clear it anyway. Finally, robust demand for capacity on the company’s Trans Mountain pipeline drove 8% earnings growth in its Canada segment, more than offsetting a 5% year-over-year decline in the Canadian dollar.