Analysts Offer Predictions for Kinder Morgan FY2024 Earnings

Kinder Morgan, Inc. (NYSE:KMI) – US Capital Advisors upped their FY2024 earnings per share estimates for shares of Kinder Morgan in a report issued on Monday, October 28th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn $1.19 per share for the year, up from their prior forecast of $1.17. The consensus estimate for Kinder Morgan’s current full-year earnings is $1.19 per share. US Capital Advisors also issued estimates for Kinder Morgan’s Q4 2024 earnings at $0.32 EPS and Q2 2025 earnings at $0.27 EPS.

KMI has been the topic of a number of other reports. UBS Group increased their price target on shares of Kinder Morgan from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research note on Friday, October 18th. Stifel Nicolaus increased their target price on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Finally, Bank of America initiated coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target for the company. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.91.

Kinder Morgan Trading Down 0.6 %

Shares of KMI stock opened at $24.80 on Tuesday. The business has a 50-day moving average price of $22.57 and a two-hundred day moving average price of $20.77. Kinder Morgan has a 12-month low of $15.91 and a 12-month high of $25.43. The company has a quick ratio of 0.28, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The firm has a market cap of $55.04 billion, a P/E ratio of 22.55, a price-to-earnings-growth ratio of 3.06 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s payout ratio is 104.55%.

Insider Activity at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now directly owns 307,409 shares in the company, valued at approximately $6,455,589. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the sale, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 817,040 shares of company stock valued at $19,747,879 over the last 90 days. Corporate insiders own 12.64% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Addis & Hill Inc raised its position in shares of Kinder Morgan by 2.7% during the 3rd quarter. Addis & Hill Inc now owns 24,011 shares of the pipeline company’s stock valued at $530,000 after buying an additional 630 shares in the last quarter. Americana Partners LLC lifted its stake in shares of Kinder Morgan by 0.4% during the 3rd quarter. Americana Partners LLC now owns 733,589 shares of the pipeline company’s stock worth $16,205,000 after acquiring an additional 2,974 shares during the last quarter. Gladstone Institutional Advisory LLC grew its position in Kinder Morgan by 9.6% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 15,281 shares of the pipeline company’s stock valued at $338,000 after acquiring an additional 1,337 shares during the last quarter. Hills Bank & Trust Co bought a new stake in shares of Kinder Morgan during the third quarter worth $101,000. Finally, Stephens Inc. AR boosted its stake in shares of Kinder Morgan by 3.0% during the third quarter. Stephens Inc. AR now owns 144,268 shares of the pipeline company’s stock valued at $3,187,000 after purchasing an additional 4,253 shares during the period. 62.52% of the stock is currently owned by institutional investors.

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.