Kinder Morgan (KMI) to Release Earnings on Wednesday

Kinder Morgan (NYSE:KMI) will be releasing its earnings data after the market closes on Wednesday, April 17th. Analysts expect Kinder Morgan to post earnings of $0.32 per share for the quarter. Kinder Morgan has set its FY24 guidance at $1.22 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter last year, the business posted $0.31 earnings per share. The firm’s revenue for the quarter was down 11.8% compared to the same quarter last year. On average, analysts expect Kinder Morgan to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Kinder Morgan Stock Down 1.2 %

NYSE:KMI opened at $18.13 on Monday. Kinder Morgan has a twelve month low of $15.89 and a twelve month high of $18.72. The company has a market cap of $40.24 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 5.08 and a beta of 0.90. The stock has a fifty day simple moving average of $17.64 and a 200-day simple moving average of $17.34. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.88.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a dividend of $0.2825 per share. The ex-dividend date was Tuesday, January 30th. This represents a $1.13 annualized dividend and a dividend yield of 6.23%. Kinder Morgan’s dividend payout ratio is currently 105.61%.

Analyst Ratings Changes

Several equities analysts have recently commented on KMI shares. Truist Financial restated a “hold” rating and set a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com lowered 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 assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.20.

Hedge Funds Weigh In On Kinder Morgan

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Capital Advisors Group LLC. purchased a new position in Kinder Morgan in the second quarter valued at about $29,000. LM Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter worth about $41,000. Certified Advisory Corp acquired a new stake in Kinder Morgan in the first quarter worth about $49,000. Garner Asset Management Corp acquired a new stake in Kinder Morgan in the fourth quarter worth about $44,000. Finally, Clearstead Advisors LLC boosted its holdings in Kinder Morgan by 67.6% in the third quarter. Clearstead Advisors LLC now owns 3,443 shares of the pipeline company’s stock worth $57,000 after acquiring an additional 1,389 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

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.