Kinder Morgan (KMI) to Release Earnings on Wednesday

Kinder Morgan (NYSE:KMI) will be releasing its earnings data after the market closes on Wednesday, April 17th. Analysts expect Kinder Morgan to post earnings of $0.32 per share for the quarter. Kinder Morgan has set its FY24 guidance at $1.22 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.40 billion. Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. The company’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. On average, analysts expect Kinder Morgan to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Kinder Morgan Trading Down 0.9 %

Shares of NYSE KMI opened at $17.98 on Tuesday. The company has a market cap of $39.89 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 5.08 and a beta of 0.90. Kinder Morgan has a 12-month low of $15.89 and a 12-month high of $18.72. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.88. The stock’s 50 day simple moving average is $17.66 and its 200 day simple moving average is $17.35.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 6.29%. The ex-dividend date of this dividend was Tuesday, January 30th. Kinder Morgan’s payout ratio is currently 105.61%.

Analyst Ratings Changes

Several brokerages have weighed in on KMI. Truist Financial reaffirmed a “hold” rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $20.20.

Hedge Funds Weigh In On Kinder Morgan

Hedge funds and other institutional investors have recently modified their holdings of the stock. Moneta Group Investment Advisors LLC raised its position in Kinder Morgan by 102,208.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock valued at $742,555,000 after buying an additional 41,030,376 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Kinder Morgan by 1,352.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock valued at $665,401,000 after purchasing an additional 34,269,435 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kinder Morgan by 3.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 28,792,278 shares of the pipeline company’s stock worth $544,462,000 after purchasing an additional 988,042 shares during the period. Morgan Stanley grew its position in Kinder Morgan by 8.9% during the fourth quarter. Morgan Stanley now owns 22,573,449 shares of the pipeline company’s stock valued at $408,128,000 after purchasing an additional 1,846,231 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Kinder Morgan by 20.3% in the 4th quarter. Legal & General Group Plc now owns 21,748,574 shares of the pipeline company’s stock worth $383,644,000 after buying an additional 3,662,856 shares in the last quarter. Institutional investors and hedge funds 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.