Kinder Morgan, Inc. (NYSE:KMI) - Stock analysts at Piper Sandler lifted their Q3 2021 earnings per share estimates for shares of Kinder Morgan in a research report issued on Monday, July 26th. Piper Sandler analyst P. Hammond now forecasts that the pipeline company will post earnings per share of $0.80 for the quarter, up from their prior forecast of $0.20. Piper Sandler currently has a "Neutral" rating and a $19.00 price objective on the stock. Piper Sandler also issued estimates for Kinder Morgan's Q4 2021 earnings at $0.82 EPS, FY2021 earnings at $2.45 EPS, Q1 2022 earnings at $0.82 EPS, Q2 2022 earnings at $0.82 EPS, Q3 2022 earnings at $0.84 EPS, Q4 2022 earnings at $0.88 EPS and FY2022 earnings at $3.36 EPS.
A number of other analysts have also issued reports on KMI. Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $16.00 to $17.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 22nd. Morgan Stanley lowered shares of Kinder Morgan from an "equal weight" rating to an "underweight" rating and set a $18.00 price target for the company. in a research note on Wednesday, May 26th. Citigroup lifted their price target on shares of Kinder Morgan from $15.50 to $17.00 in a research note on Tuesday, April 27th. Mizuho boosted their target price on shares of Kinder Morgan from $21.00 to $22.00 and gave the company a "buy" rating in a research note on Thursday, July 22nd. Finally, TheStreet upgraded shares of Kinder Morgan from a "c+" rating to a "b" rating in a research note on Wednesday, April 21st. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company's stock. The stock has a consensus rating of "Hold" and a consensus price target of $16.93.
Shares of NYSE:KMI opened at $17.77 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.72 and a debt-to-equity ratio of 1.00. The stock has a fifty day moving average of $18.31. The company has a market capitalization of $40.28 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 4.65 and a beta of 1.14. Kinder Morgan has a 12-month low of $11.45 and a 12-month high of $19.29. Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Tuesday, July 20th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $2.90 billion. Kinder Morgan had a net margin of 11.91% and a return on equity of 9.34%. The business's revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 16th. Shareholders of record on Monday, August 2nd will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date is Friday, July 30th. Kinder Morgan's payout ratio is 122.73%.
In other Kinder Morgan news, VP John W. Schlosser sold 1,500 shares of the company's stock in a transaction dated Tuesday, May 25th. The shares were sold at an average price of $18.71, for a total value of $28,065.00. Following the completion of the sale, the vice president now directly owns 43,719 shares of the company's stock, valued at approximately $817,982.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John W. Schlosser sold 4,500 shares of the business's stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $18.00, for a total value of $81,000.00. Following the sale, the vice president now owns 45,219 shares in the company, valued at approximately $813,942. The disclosure for this sale can be found here. Insiders sold a total of 7,500 shares of company stock valued at $136,410 over the last three months. 14.22% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Harbour Investments Inc. acquired a new position in shares of Kinder Morgan in the 1st quarter valued at about $25,000. Certified Advisory Corp acquired a new position in shares of Kinder Morgan in the 1st quarter valued at about $27,000. Loomis Sayles & Co. L P increased its holdings in shares of Kinder Morgan by 64.9% in the 1st quarter. Loomis Sayles & Co. L P now owns 1,707 shares of the pipeline company's stock valued at $28,000 after purchasing an additional 672 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in shares of Kinder Morgan by 368.9% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,721 shares of the pipeline company's stock valued at $29,000 after purchasing an additional 1,354 shares during the period. Finally, Alpha DNA Investment Management LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 59.43% of the company's stock.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company 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 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 liquefaction and storage facilities.
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