Kinder Morgan, Inc. (NYSE: KMI – Get Rating) – Equities research analysts at Capital One Financial boosted their Q4 2022 earnings per share estimates for shares of Kinder Morgan in a report released on Thursday, June 16th. Capital One Financial analyst K. May now anticipates that the pipeline company will post earnings per share of $ 0.32 for the quarter, up from their prior estimate of $ 0.31. The consensus estimate for Kinder Morgan’s current full-year earnings is $ 1.14 per share. Capital One Financial also issued estimates for Kinder Morgan’s Q2 2023 earnings at $ 0.31 EPS, FY2023 earnings at $ 1.28 EPS and FY2024 earnings at $ 1.35 EPS.
A number of other analysts have also recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Kinder Morgan from $ 19.00 to $ 20.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 20th. Wolfe Research cut Kinder Morgan from a “peer perform” rating to an “underperform” rating and raised their price target for the company from $ 17.00 to $ 18.00 in a report on Monday, April 11th. Mizuho boosted their price target on Kinder Morgan from $ 21.00 to $ 22.00 in a research report on Thursday, April 21st. Wells Fargo & Company cut their target price on Kinder Morgan to $ 20.00 and set an “equal weight” rating for the company in a research report on Friday, May 20th. Finally, US Capital Advisors reissued a “hold” rating on shares of Kinder Morgan in a report on Wednesday, June 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $ 20.33.
NYSE KMI opened at $ 16.05 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 0.91. Kinder Morgan has a 12 month low of $ 15.01 and a 12 month high of $ 20.20. The stock has a market cap of $ 36.39 billion, a price-to-earnings ratio of 35.67, a PEG ratio of 4.88 and a beta of 0.90. The company 50 day moving average is $ 19.03 and its two-hundred day moving average is $ 17.87.
Kinder Morgan (NYSE: KMI – Get Rating) last posted its quarterly earnings data on Wednesday, April 20th. The pipeline company reported $ 0.32 EPS for the quarter, topping the consensus estimate of $ 0.27 by $ 0.05. The firm had revenue of $ 4.29 billion for the quarter, compared to the consensus estimate of $ 3.66 billion. Kinder Morgan had a return on equity of 7.51% and a net margin of 6.64%. The business’s revenue for the quarter was down 17.6% compared to the same quarter last year. During the same quarter last year, the company earned $ 0.60 earnings per share.
The company also recently declared a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Monday, May 2nd were issued a dividend of $ 0.2775 per share. This represents a $ 1.11 annualized dividend and a yield of 6.92%. The ex-dividend date was Friday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $ 0.27. Kinder Morgan’s dividend payout ratio (DPR) is currently 246.67%.
In other news, VP Dax Sanders sold 91,129 shares of the business’s stock in a transaction dated Friday, April 8th. The shares were sold at an average price of $ 19.51, for a total value of $ 1,777,926.79. Following the sale, the vice president now directly owns 204,105 shares in the company, valued at approximately $ 3,982,088.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 1,500 shares of the stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $ 19.21, for a total transaction of $ 28,815.00. Following the completion of the transaction, the vice president now directly owns 31,719 shares of the company stock, valued at approximately $ 609,321.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,629 shares of company stock worth $ 1,862,017. Corporate insiders own 14.22% of the company stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. City State Bank purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $ 25,000. EverSource Wealth Advisors LLC purchased a new position in Kinder Morgan during the 4th quarter valued at $ 26,000. Joseph P. Lucia & Associates LLC purchased a new position in Kinder Morgan during the 1st quarter valued at $ 29,000. Toth Financial Advisory Corp grew its position in Kinder Morgan by 177.2% in the 1st quarter. Toth Financial Advisory Corp now owns 1,663 shares of the pipeline company stock valued at $ 31,000 after acquiring an additional 1,063 shares during the last quarter. Finally, Quent Capital LLC increased its stake in Kinder Morgan by 136.2% in the first quarter. Quent Capital LLC now owns 1,630 shares of the pipeline company stock worth $ 31,000 after purchasing an additional 940 shares during the period. 58.53% of the stock is currently owned by hedge funds and other institutional investors.
Kinder Morgan Company Profile: (Get Rating)
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 collection systems and natural gas processing and treatment facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.
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