Kinder Morgan (NYSE:KMI) Posts Earnings Results, Meets Expectations

Kinder Morgan (NYSE:KMI) issued its quarterly earnings results on Wednesday. The pipeline company reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29, Zacks reports. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.58%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the prior year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. Kinder Morgan updated its FY 2025 guidance to 1.270-1.270 EPS.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $26.31 on Friday. The firm has a market cap of $58.45 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 3.24 and a beta of 0.78. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. Kinder Morgan has a 52 week low of $23.94 and a 52 week high of $31.48. The firm’s 50-day simple moving average is $27.29 and its two-hundred day simple moving average is $27.42.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be given a $0.2925 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.4%. Kinder Morgan’s payout ratio is currently 95.90%.

Insiders Place Their Bets

In related news, VP Sital K. Mody sold 45,549 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $28.17, for a total value of $173,696.22. Following the completion of the transaction, the vice president owned 219,702 shares in the company, valued at approximately $6,189,005.34. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,174 shares of company stock valued at $3,727,678 in the last quarter. 12.73% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kinder Morgan

Several large investors have recently modified their holdings of the business. Evergreen Capital Management LLC increased its stake in shares of Kinder Morgan by 6.9% in the second quarter. Evergreen Capital Management LLC now owns 72,818 shares of the pipeline company’s stock worth $2,141,000 after purchasing an additional 4,681 shares in the last quarter. Headlands Technologies LLC bought a new stake in Kinder Morgan during the 2nd quarter valued at $168,000. CANADA LIFE ASSURANCE Co raised its holdings in Kinder Morgan by 4.6% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 2,554,488 shares of the pipeline company’s stock valued at $75,211,000 after acquiring an additional 111,406 shares during the period. Fairfield Bush & CO. lifted its holdings in Kinder Morgan by 17.3% during the 2nd quarter. Fairfield Bush & CO. now owns 10,261 shares of the pipeline company’s stock worth $302,000 after purchasing an additional 1,511 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in Kinder Morgan by 24.5% during the 2nd quarter. Corient Private Wealth LLC now owns 761,234 shares of the pipeline company’s stock worth $22,379,000 after purchasing an additional 149,568 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

KMI has been the topic of a number of research analyst reports. Jefferies Financial Group initiated coverage on Kinder Morgan in a report on Thursday, October 9th. They issued a “hold” rating and a $30.00 target price on the stock. Morgan Stanley set a $30.00 target price on Kinder Morgan in a report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Scotiabank decreased their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Friday, September 19th. Finally, BMO Capital Markets started coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective for the company. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $31.13.

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.