Kinder Morgan, Inc. (NYSE:KMI – Free Report) – Equities researchers at Zacks Research increased their Q1 2024 earnings per share estimates for shares of Kinder Morgan in a research report issued on Wednesday, September 6th. Zacks Research analyst N. Banerjee now anticipates that the pipeline company will post earnings per share of $0.30 for the quarter, up from their prior estimate of $0.28. The consensus estimate for Kinder Morgan’s current full-year earnings is $1.10 per share. Zacks Research also issued estimates for Kinder Morgan’s Q2 2024 earnings at $0.23 EPS, Q3 2024 earnings at $0.30 EPS, Q4 2024 earnings at $0.31 EPS, FY2024 earnings at $1.13 EPS, Q1 2025 earnings at $0.31 EPS and Q2 2025 earnings at $0.23 EPS.
A number of other equities research analysts have also recently weighed in on KMI. StockNews.com started coverage on Kinder Morgan in a report on Thursday, August 17th. They set a “hold” rating for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $20.00 target price on shares of Kinder Morgan in a research note on Thursday, July 20th. Wolfe Research raised Kinder Morgan from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, July 12th. Barclays lowered their target price on Kinder Morgan from $20.00 to $19.00 in a research note on Tuesday, July 18th. Finally, Stifel Nicolaus lifted their price objective on Kinder Morgan from $21.00 to $22.00 and gave the stock a “hold” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $20.22.
Kinder Morgan Price Performance
Kinder Morgan stock opened at $16.59 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.49 and a quick ratio of 0.38. The company has a market capitalization of $36.97 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 5.19 and a beta of 0.96. Kinder Morgan has a one year low of $16.00 and a one year high of $19.35. The business has a 50 day simple moving average of $17.37 and a 200 day simple moving average of $17.14.
Kinder Morgan (NYSE:KMI – Get Free Report) last announced its quarterly earnings data on Wednesday, July 19th. The pipeline company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a return on equity of 7.79% and a net margin of 14.65%. The company’s quarterly revenue was down 32.0% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS.
Institutional Trading of Kinder Morgan
Institutional investors and hedge funds have recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC increased its position in Kinder Morgan by 102,208.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock valued at $742,555,000 after buying an additional 41,030,376 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Kinder Morgan by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 39,578,158 shares of the pipeline company’s stock worth $716,198,000 after buying an additional 750,210 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Kinder Morgan by 1,352.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock worth $665,401,000 after buying an additional 34,269,435 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Kinder Morgan by 0.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,782,171 shares of the pipeline company’s stock worth $491,133,000 after buying an additional 233,608 shares during the last quarter. Finally, Orbis Allan Gray Ltd boosted its stake in shares of Kinder Morgan by 1.6% in the 1st quarter. Orbis Allan Gray Ltd now owns 26,311,549 shares of the pipeline company’s stock worth $460,715,000 after buying an additional 424,620 shares during the last quarter. 62.33% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, VP John W. Schlosser sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $18.00, for a total value of $135,000.00. Following the transaction, the vice president now owns 12,219 shares of the company’s stock, valued at $219,942. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Kinder Morgan news, VP John W. Schlosser sold 7,500 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $18.00, for a total transaction of $135,000.00. Following the completion of the sale, the vice president now directly owns 12,219 shares in the company, valued at $219,942. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sital K. Mody sold 55,849 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $17.36, for a total value of $969,538.64. The disclosure for this sale can be found here. 12.64% of the stock is owned by company insiders.
Kinder Morgan Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were given a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date was Friday, July 28th. Kinder Morgan’s dividend payout ratio (DPR) is presently 101.80%.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.
See Also
- Five stocks we like better than Kinder Morgan
- Investing in Commodities: What Are They? How to Invest in Them
- These 3 Wood Stocks are about to go on Discount
- Retail Stocks Investing, Explained
- Same Coin, Different Sides: 2 Observability Stocks Reverse Ways
- What is the Nikkei 225 index?
- 3 Stocks Awaiting Winter Winds of Opportunity
Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.
