Kinder Morgan, Inc. (NYSE:KMI – Get Rating) – Capital One Financial dropped their Q2 2022 earnings per share (EPS) estimates for Kinder Morgan in a note issued to investors on Wednesday, April 20th. Capital One Financial analyst K. May now forecasts that the pipeline company will post earnings per share of $0.25 for the quarter, down from their previous forecast of $0.26. Capital One Financial also issued estimates for Kinder Morgan’s FY2022 earnings at $1.13 EPS and FY2024 earnings at $1.21 EPS.
Kinder Morgan (NYSE:KMI – Get Rating) last announced its quarterly earnings data on Wednesday, April 20th. The pipeline company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $4.29 billion for the quarter, compared to analyst estimates of $3.66 billion. Kinder Morgan had a return on equity of 7.51% and a net margin of 6.64%. The company’s revenue was down 17.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 EPS.
NYSE KMI opened at $19.15 on Monday. Kinder Morgan has a fifty-two week low of $15.01 and a fifty-two week high of $20.19. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.56 and a current ratio of 0.47. The stock has a 50 day simple moving average of $18.30 and a two-hundred day simple moving average of $17.36. The stock has a market cap of $43.42 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 6.05 and a beta of 0.95.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Investors of record on Monday, May 2nd will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.80%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, April 29th. Kinder Morgan’s dividend payout ratio is presently 240.01%.
In other Kinder Morgan news, VP Dax Sanders sold 91,129 shares of the stock in a transaction dated Friday, April 8th. The stock was sold at an average price of $19.51, for a total transaction of $1,777,926.79. Following the sale, the vice president now directly owns 204,105 shares of the company’s stock, valued at approximately $3,982,088.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 1,500 shares of the stock in a transaction dated Friday, March 25th. The stock was sold at an average price of $18.34, for a total value of $27,510.00. The disclosure for this sale can be found here. 14.22% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. City State Bank purchased a new position in Kinder Morgan in the 4th quarter valued at about $25,000. Benjamin Edwards Inc. purchased a new position in Kinder Morgan in the 3rd quarter valued at about $25,000. Joseph P. Lucia & Associates LLC purchased a new position in Kinder Morgan in the 1st quarter valued at about $29,000. EverSource Wealth Advisors LLC purchased a new position in Kinder Morgan in the 4th quarter valued at about $26,000. Finally, American National Bank lifted its stake in Kinder Morgan by 63.6% in the 1st quarter. American National Bank now owns 1,667 shares of the pipeline company’s stock valued at $32,000 after buying an additional 648 shares in the last quarter. 58.01% of the stock is currently owned by institutional investors and hedge funds.
Kinder Morgan Company Profile (Get Rating)
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.
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