Kinder Morgan (NYSE:KMI) Issues FY25 Earnings Guidance

Kinder Morgan (NYSE:KMI) updated its FY25 earnings guidance on Monday. The company provided EPS guidance of $1.27 for the period, compared to the consensus EPS estimate of $1.25.

Wall Street Analyst Weigh In

A number of brokerages have commented on KMI. UBS Group lifted their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday. Barclays upped their target price on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Truist Financial raised their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada raised their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $25.75.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded down $0.67 on Monday, hitting $27.10. The company’s stock had a trading volume of 12,016,277 shares, compared to its average volume of 13,792,139. The company has a market capitalization of $60.21 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 4.00 and a beta of 0.94. The firm has a fifty day moving average price of $25.77 and a 200-day moving average price of $22.43. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan has a 1 year low of $16.47 and a 1 year high of $28.81.

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). The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 EPS. As a group, sell-side analysts anticipate that Kinder Morgan will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

Insider Buying and Selling at Kinder Morgan

In related news, Director Amy W. Chronis purchased 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the sale, the president now owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 727,263 shares of company stock worth $18,075,634. Corporate insiders own 12.81% 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.