Kinder Morgan (NYSE:KMI) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Kinder Morgan (NYSE:KMI) issued its quarterly earnings results on Wednesday. The pipeline company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.38 by $0.10, FiscalAI reports. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%.

Kinder Morgan Stock Up 1.0%

Kinder Morgan stock traded up $0.32 during trading hours on Wednesday, hitting $31.89. The company had a trading volume of 13,754,475 shares, compared to its average volume of 14,085,010. The firm has a market capitalization of $70.94 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 2.90 and a beta of 0.64. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50. The firm’s fifty day moving average is $32.92 and its 200-day moving average is $29.43. Kinder Morgan has a fifty-two week low of $25.60 and a fifty-two week high of $34.73.

Insider Transactions at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $31.72, for a total value of $49,166.00. Following the transaction, the vice president owned 44,843 shares in the company, valued at approximately $1,422,419.96. This represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William A. Smith acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was purchased at an average price of $29.75 per share, for a total transaction of $89,250.00. Following the acquisition, the director directly owned 31,087 shares of the company’s stock, valued at $924,838.25. The trade was a 10.68% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have sold 49,598 shares of company stock worth $1,552,572. 12.72% of the stock is owned by company insiders.

Institutional Trading of Kinder Morgan

Large investors have recently added to or reduced their stakes in the business. Acumen Wealth Advisors LLC bought a new stake in Kinder Morgan in the fourth quarter worth approximately $28,000. Mcguire Capital Advisors Inc. bought a new stake in Kinder Morgan in the fourth quarter worth approximately $30,000. JPL Wealth Management LLC bought a new stake in Kinder Morgan in the third quarter worth approximately $40,000. Kelleher Financial Advisors bought a new stake in Kinder Morgan in the third quarter worth approximately $44,000. Finally, Ceeto Capital Group LLC bought a new stake in Kinder Morgan in the fourth quarter worth approximately $48,000. 62.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on KMI. Wolfe Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus upped their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research report on Friday, March 13th. Jefferies Financial Group boosted their price objective on shares of Kinder Morgan from $31.00 to $36.00 and gave the company a “hold” rating in a research report on Tuesday, March 24th. Morgan Stanley boosted their price objective on shares of Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Finally, Mizuho upped their price objective on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Kinder Morgan currently has an average rating of “Hold” and an average target price of $34.33.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.