Q3 2024 Earnings Forecast for Kinder Morgan, Inc. (NYSE:KMI) Issued By US Capital Advisors

Kinder Morgan, Inc. (NYSE:KMI - Free Report) - Analysts at US Capital Advisors dropped their Q3 2024 earnings per share (EPS) estimates for Kinder Morgan in a research note issued to investors on Monday, April 29th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will earn $0.25 per share for the quarter, down from their prior forecast of $0.26. The consensus estimate for Kinder Morgan's current full-year earnings is $1.18 per share. US Capital Advisors also issued estimates for Kinder Morgan's FY2025 earnings at $1.16 EPS.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the previous year, the company posted $0.30 EPS. The firm's revenue was down 1.2% on a year-over-year basis.

A number of other research analysts have also recently weighed in on KMI. StockNews.com cut shares of Kinder Morgan from a "buy" rating to a "hold" rating in a research note on Friday, March 1st. Truist Financial restated a "hold" rating and issued a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Kinder Morgan presently has an average rating of "Hold" and an average target price of $20.20.

Kinder Morgan Price Performance

Shares of KMI traded up $0.23 during mid-day trading on Thursday, reaching $18.46. The stock had a trading volume of 14,689,242 shares, compared to its average volume of 14,272,270. The business has a fifty day moving average of $18.07 and a 200 day moving average of $17.51. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50. The firm has a market cap of $40.97 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 5.15 and a beta of 0.89. Kinder Morgan has a 12 month low of $15.89 and a 12 month high of $18.92.

Institutional Trading of Kinder Morgan

Hedge funds have recently modified their holdings of the company. Gotham Asset Management LLC raised its stake in Kinder Morgan by 11.3% during the third quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company's stock valued at $8,843,000 after purchasing an additional 54,184 shares in the last quarter. Virginia Wealth Management Group Inc. raised its position in shares of Kinder Morgan by 1.6% during the 3rd quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company's stock valued at $3,337,000 after buying an additional 3,085 shares in the last quarter. Bahl & Gaynor Inc. lifted its holdings in shares of Kinder Morgan by 69.2% in the 3rd quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company's stock valued at $65,577,000 after acquiring an additional 1,617,250 shares during the last quarter. Teza Capital Management LLC grew its position in Kinder Morgan by 190.9% in the third quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company's stock worth $8,742,000 after acquiring an additional 346,000 shares in the last quarter. Finally, Rheos Capital Works Inc. grew its position in Kinder Morgan by 285.7% in the fourth quarter. Rheos Capital Works Inc. now owns 1,080,000 shares of the pipeline company's stock worth $19,051,000 after acquiring an additional 800,000 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the transaction, the director now directly owns 345,087 shares of the company's stock, valued at $6,494,537.34. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 12.64% of the company's stock.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.15 annualized dividend and a yield of 6.23%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.28. Kinder Morgan's payout ratio is presently 104.55%.

Kinder Morgan Company Profile

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.