Kinder Morgan (NYSE:KMI) Posts Earnings Results, Meets Estimates

Kinder Morgan (NYSE:KMI) issued its quarterly earnings data on Wednesday. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29, Zacks reports. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. Kinder Morgan updated its FY 2025 guidance to 1.270-1.270 EPS.

Kinder Morgan Trading Up 0.3%

KMI stock opened at $27.58 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The firm has a fifty day moving average price of $27.30 and a 200 day moving average price of $27.42. The firm has a market cap of $61.27 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 3.23 and a beta of 0.78. Kinder Morgan has a fifty-two week low of $23.94 and a fifty-two week high of $31.48.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be issued a $0.2925 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.2%. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, August 14th. Morgan Stanley set a $30.00 price target on shares of Kinder Morgan in a report on Thursday, October 9th. JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. TD Cowen started coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating and a $34.00 price target for the company. Finally, Cowen started coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating on the stock. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.13.

Insider Activity at Kinder Morgan

In other news, CFO David Patrick Michels sold 40,000 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the sale, the chief financial officer directly owned 159,428 shares of the company’s stock, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $28.17, for a total value of $173,696.22. Following the completion of the sale, the vice president owned 219,702 shares of the company’s stock, valued at $6,189,005.34. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,174 shares of company stock valued at $3,727,678 over the last three months. Corporate insiders own 12.73% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

A number of large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at about $308,000. NewEdge Advisors LLC boosted its position in Kinder Morgan by 2.1% in the second quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company’s stock valued at $7,964,000 after buying an additional 5,586 shares during the last quarter. Nebula Research & Development LLC purchased a new stake in Kinder Morgan in the second quarter valued at approximately $1,168,000. Sei Investments Co. boosted its position in Kinder Morgan by 20.4% in the second quarter. Sei Investments Co. now owns 861,465 shares of the pipeline company’s stock valued at $25,328,000 after buying an additional 145,806 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in Kinder Morgan by 2.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 908,405 shares of the pipeline company’s stock worth $26,707,000 after purchasing an additional 21,160 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

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.