Q3 2024 EPS Estimates for Kinder Morgan, Inc. (NYSE:KMI) Reduced by US Capital Advisors

Kinder Morgan, Inc. (NYSE:KMI) – Equities researchers at US Capital Advisors decreased their Q3 2024 earnings per share (EPS) estimates for shares of Kinder Morgan in a report released 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 prior estimate 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.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. Kinder Morgan’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share.

KMI has been the topic of a number of other research reports. Truist Financial reissued a “hold” rating and issued a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a research report 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.20.

Kinder Morgan Trading Down 0.3 %

NYSE KMI opened at $18.23 on Thursday. The stock has a market capitalization of $40.46 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 5.15 and a beta of 0.89. Kinder Morgan has a 52 week low of $15.89 and a 52 week high of $18.92. The stock’s 50 day moving average price is $18.05 and its two-hundred day moving average price is $17.51. 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 Increases Dividend

The firm 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. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a dividend yield of 6.31%. The ex-dividend date is Monday, April 29th. Kinder Morgan’s payout ratio is currently 104.55%.

Insider Buying and Selling at Kinder Morgan

In other news, Director Michael C. Morgan sold 230,000 shares of the 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 transaction, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 12.64% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KMI. Tucker Asset Management LLC bought a new stake in Kinder Morgan during the third quarter worth about $25,000. True Wealth Design LLC increased its holdings in shares of Kinder Morgan by 3,655.3% during the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after buying an additional 1,389 shares in the last quarter. Hartford Financial Management Inc. acquired a new stake in shares of Kinder Morgan during the third quarter valued at about $26,000. Altshuler Shaham Ltd bought a new stake in Kinder Morgan during the 4th quarter worth approximately $26,000. Finally, Activest Wealth Management acquired a new stake in Kinder Morgan in the fourth quarter valued at $30,000. 62.52% of the stock is owned by institutional investors.

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.