Kinder Morgan (NYSE:KMI) Releases Quarterly Earnings Results, Meets Expectations

Kinder Morgan (NYSE:KMI) issued its quarterly earnings results on Wednesday. The pipeline company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28, Zacks reports. Kinder Morgan had a return on equity of 8.32% and a net margin of 17.06%. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the prior year, the business posted $0.26 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Kinder Morgan updated its FY 2025 guidance to 1.270-1.270 EPS.

Kinder Morgan Trading Up 1.0%

Shares of NYSE KMI traded up $0.28 during midday trading on Friday, reaching $27.77. 2,183,786 shares of the stock were exchanged, compared to its average volume of 13,922,733. The company has a 50 day simple moving average of $27.99 and a 200 day simple moving average of $27.60. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.45. Kinder Morgan has a twelve month low of $19.68 and a twelve month high of $31.48. The stock has a market capitalization of $61.71 billion, a P/E ratio of 22.78, a PEG ratio of 3.01 and a beta of 0.75.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be issued a dividend of $0.2925 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.21%. Kinder Morgan’s dividend payout ratio is currently 100.86%.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the transaction, the president directly owned 771,652 shares in the company, valued at approximately $21,806,885.52. This represents a 2.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 12.73% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Kinder Morgan stock. Brighton Jones LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,253 shares of the pipeline company’s stock, valued at approximately $308,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, May 6th. Royal Bank Of Canada increased their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 29th. Cowen assumed coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating for the company. Finally, Barclays reiterated an “overweight” rating and issued a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.47.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and 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.