Kinder Morgan (NYSE:KMI) Releases Earnings Results, Meets Estimates

Kinder Morgan (NYSE:KMI) released its quarterly earnings results on Wednesday. The pipeline company reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28, Zacks reports. Kinder Morgan had a return on equity of 8.32% and a net margin of 17.06%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period last year, the firm posted $0.26 EPS. The business’s revenue was up 13.2% on a year-over-year basis. Kinder Morgan updated its FY 2025 guidance to 1.270-1.270 EPS.

Kinder Morgan Stock Down 1.5%

Shares of NYSE KMI opened at $27.50 on Friday. Kinder Morgan has a 12-month low of $19.68 and a 12-month high of $31.48. The company has a market capitalization of $61.10 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 3.01 and a beta of 0.75. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.45 and a quick ratio of 0.35. The firm’s 50-day moving average is $27.99 and its two-hundred day moving average is $27.60.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.86%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. TD Cowen initiated coverage on Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating and a $34.00 price target on the stock. Scotiabank lifted their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Thursday, June 5th. Royal Bank Of Canada lifted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 29th. Stifel Nicolaus boosted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $30.47.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the sale, the president directly owned 771,652 shares in the company, valued at $21,806,885.52. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.73% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Kinder Morgan stock. Brighton Jones LLC bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,253 shares of the pipeline company’s stock, valued at approximately $308,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

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.