US Capital Advisors Equities Analysts Cut Earnings Estimates for Kinder Morgan, Inc. (NYSE:KMI)

Kinder Morgan, Inc. (NYSE:KMI) – Stock analysts at US Capital Advisors lowered their Q3 2024 earnings per share estimates for shares of Kinder Morgan in a report issued 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 previous 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.

KMI has been the subject of a number of other reports. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial reissued a “hold” rating and set a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of “Hold” and an average target price of $20.20.

Kinder Morgan Price Performance

NYSE:KMI opened at $18.58 on Thursday. The firm’s fifty day moving average is $18.07 and its two-hundred day moving average is $17.51. The firm has a market cap of $41.24 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 5.14 and a beta of 0.89. Kinder Morgan has a one year low of $15.89 and a one year high of $18.92. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. Kinder Morgan’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS.

Institutional Investors Weigh In On Kinder Morgan

A number of hedge funds have recently modified their holdings of KMI. Norges Bank purchased a new position in Kinder Morgan in the 4th quarter worth approximately $409,063,000. J.P. Morgan Private Wealth Advisors LLC purchased a new position in Kinder Morgan during the third quarter worth approximately $99,908,000. Invesco Ltd. boosted its stake in Kinder Morgan by 29.4% during the third quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock worth $355,451,000 after buying an additional 4,870,444 shares during the last quarter. Confluence Investment Management LLC purchased a new stake in Kinder Morgan in the 1st quarter valued at $87,627,000. Finally, Bank of Nova Scotia grew its holdings in Kinder Morgan by 2,463.8% in the 3rd quarter. Bank of Nova Scotia now owns 4,443,792 shares of the pipeline company’s stock valued at $73,678,000 after buying an additional 4,270,461 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the business’s 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 sale, the director now directly owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a document filed 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 announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.2875 per share. The ex-dividend date is Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.19%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is currently 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.