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

Kinder Morgan (NYSE:KMI - Get Free Report) announced its quarterly earnings results on Wednesday. The pipeline company reported $0.28 earnings per share for the quarter, hitting analysts' consensus estimates of $0.28, Zacks reports. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a return on equity of 8.32% and a net margin of 17.06%. The business's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 earnings per share. Kinder Morgan updated its FY 2025 guidance to 1.270-1.270 EPS.

Kinder Morgan Price Performance

Shares of NYSE KMI traded down $0.41 during mid-day trading on Thursday, hitting $27.50. 24,724,464 shares of the stock traded hands, compared to its average volume of 13,967,543. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.45 and a quick ratio of 0.35. Kinder Morgan has a twelve month low of $19.68 and a twelve month high of $31.48. The company has a market cap of $61.10 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 3.01 and a beta of 0.75. The firm has a 50 day simple moving average of $27.99 and a two-hundred day simple moving average of $27.60.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Stifel Nicolaus upped their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Wells Fargo & Company upped their target price on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday. Barclays reissued an "overweight" rating and set a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating on the stock. Finally, JPMorgan Chase & Co. increased their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.47.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the sale, the president owned 771,652 shares of the company's stock, valued at $21,806,885.52. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 12.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Kinder Morgan stock. Brighton Jones LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,253 shares of the pipeline company's stock, valued at approximately $308,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

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.