Brokers Offer Predictions for Kinder Morgan, Inc.’s Q2 2023 Earnings (NYSE:KMI)

Kinder Morgan, Inc. (NYSE:KMI – Get Rating) – Analysts at US Capital Advisors dropped their Q2 2023 earnings per share estimates for Kinder Morgan in a report released on Friday, May 19th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings per share of $0.24 for the quarter, down from their prior estimate of $0.25. The consensus estimate for Kinder Morgan’s current full-year earnings is $1.09 per share. US Capital Advisors also issued estimates for Kinder Morgan’s Q4 2023 earnings at $0.30 EPS and FY2025 earnings at $1.06 EPS.

A number of other research analysts have also recently issued reports on the company. Sanford C. Bernstein upgraded Kinder Morgan from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $19.00 to $22.00 in a research report on Wednesday, March 1st. Barclays decreased their target price on Kinder Morgan from $21.00 to $20.00 in a research report on Tuesday, April 18th. StockNews.com started coverage on Kinder Morgan in a research report on Thursday. They issued a “hold” rating on the stock. Finally, Scotiabank started coverage on Kinder Morgan in a research report on Thursday, March 2nd. They issued a “sector perform” rating and a $20.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Hold” and an average target price of $20.56.

Kinder Morgan Price Performance

KMI stock opened at $16.52 on Monday. The company has a market cap of $37.02 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 5.05 and a beta of 0.94. The business has a 50-day simple moving average of $17.09 and a 200 day simple moving average of $17.79. Kinder Morgan has a 52 week low of $15.77 and a 52 week high of $20.20. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 0.91.

Kinder Morgan (NYSE:KMI – Get Rating) last posted its quarterly earnings results on Wednesday, April 19th. The pipeline company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $4.75 billion. Kinder Morgan had a return on equity of 8.06% and a net margin of 13.62%. Kinder Morgan’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share.

Institutional Investors Weigh In On Kinder Morgan

Large investors have recently added to or reduced their stakes in the company. Fairfield Bush & CO. bought a new position in Kinder Morgan in the 1st quarter worth about $93,000. American Century Companies Inc. boosted its stake in Kinder Morgan by 12.3% in the 1st quarter. American Century Companies Inc. now owns 91,931 shares of the pipeline company’s stock worth $1,739,000 after purchasing an additional 10,079 shares during the period. Acadian Asset Management LLC boosted its stake in Kinder Morgan by 48,564.7% in the 1st quarter. Acadian Asset Management LLC now owns 8,273 shares of the pipeline company’s stock worth $156,000 after purchasing an additional 8,256 shares during the period. Synovus Financial Corp boosted its stake in Kinder Morgan by 1.6% in the 1st quarter. Synovus Financial Corp now owns 90,218 shares of the pipeline company’s stock worth $1,705,000 after purchasing an additional 1,408 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in Kinder Morgan in the 1st quarter worth about $263,000. Hedge funds and other institutional investors own 60.48% of the company’s stock.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were issued a $0.2825 dividend. The ex-dividend date was Friday, April 28th. This represents a $1.13 annualized dividend and a yield of 6.84%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio (DPR) is 100.00%.

About Kinder Morgan

(Get Rating)

Kinder Morgan, Inc engages in providing pipeline transportation of natural gas services. It operates through the following business segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment operates major interstate and intrastate natural gas pipelines and storage systems.