Kinder Morgan, Inc. (NYSE:KMI – Get Rating) – Stock analysts at Capital One Financial increased their Q4 2022 EPS estimates for Kinder Morgan in a research note issued to investors on Thursday, June 16th. Capital One Financial analyst K. May now forecasts that the pipeline company will post earnings of $0.32 per share for the quarter, up from their prior forecast of $0.31. The consensus estimate for Kinder Morgan’s current full-year earnings is $1.14 per share. Capital One Financial also issued estimates for Kinder Morgan’s Q2 2023 earnings at $0.31 EPS, FY2023 earnings at $1.28 EPS and FY2024 earnings at $1.35 EPS.
Kinder Morgan (NYSE:KMI – Get Rating) last issued its earnings results on Wednesday, April 20th. The pipeline company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The company had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $3.66 billion. Kinder Morgan had a net margin of 6.64% and a return on equity of 7.51%. Kinder Morgan’s quarterly revenue was down 17.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 earnings per share.
Kinder Morgan stock opened at $16.70 on Friday. The company’s 50 day simple moving average is $19.10 and its 200-day simple moving average is $17.85. The company has a market capitalization of $37.87 billion, a price-to-earnings ratio of 37.11, a price-to-earnings-growth ratio of 5.15 and a beta of 0.90. Kinder Morgan has a 1 year low of $15.01 and a 1 year high of $20.20. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.38 and a current ratio of 0.47.
The company also recently declared a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Monday, May 2nd were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 6.65%. The ex-dividend date was Friday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.27. Kinder Morgan’s payout ratio is 246.67%.
In other news, VP Dax Sanders sold 91,129 shares of the company’s stock in a transaction on Friday, April 8th. The shares were sold at an average price of $19.51, for a total value of $1,777,926.79. Following the completion of the transaction, the vice president now owns 204,105 shares in the company, valued at approximately $3,982,088.55. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP John W. Schlosser sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $19.21, for a total transaction of $28,815.00. Following the completion of the transaction, the vice president now owns 31,719 shares of the company’s stock, valued at approximately $609,321.99. The disclosure for this sale can be found here. Insiders have sold a total of 95,629 shares of company stock valued at $1,862,017 in the last quarter. 14.22% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. State Street Corp raised its position in Kinder Morgan by 2.8% in the 1st quarter. State Street Corp now owns 142,290,641 shares of the pipeline company’s stock valued at $2,690,716,000 after purchasing an additional 3,910,495 shares during the last quarter. Geode Capital Management LLC raised its position in Kinder Morgan by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 35,733,418 shares of the pipeline company’s stock valued at $565,217,000 after purchasing an additional 1,517,490 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Kinder Morgan by 3.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 28,792,278 shares of the pipeline company’s stock valued at $544,462,000 after purchasing an additional 988,042 shares during the last quarter. Blackstone Inc. raised its position in Kinder Morgan by 669.7% in the 1st quarter. Blackstone Inc. now owns 21,427,814 shares of the pipeline company’s stock valued at $405,200,000 after purchasing an additional 18,643,966 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Kinder Morgan by 6.7% in the 1st quarter. Bank of New York Mellon Corp now owns 18,699,124 shares of the pipeline company’s stock valued at $353,601,000 after purchasing an additional 1,178,606 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.
Kinder Morgan Company Profile (Get Rating)
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. 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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