Kinder Morgan (NYSE:KMI) Releases Earnings Results, Hits Estimates

Kinder Morgan (NYSE:KMI - Get Free Report) posted its quarterly earnings results on Wednesday. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34, Zacks reports. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The firm had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. Kinder Morgan updated its FY 2025 guidance to 1.270-1.270 EPS.

Kinder Morgan Stock Down 4.8 %

NYSE:KMI traded down $1.29 during trading hours on Monday, hitting $25.81. The company's stock had a trading volume of 18,517,063 shares, compared to its average volume of 13,933,742. The stock has a market capitalization of $57.35 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The stock has a fifty day moving average of $26.94 and a 200-day moving average of $26.96. Kinder Morgan has a 52-week low of $18.13 and a 52-week high of $31.48.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.2925 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.53%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is presently 99.14%.

Analysts Set New Price Targets

A number of brokerages have commented on KMI. Scotiabank lifted their target price on shares of Kinder Morgan from $25.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Monday. Wells Fargo & Company increased their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Mizuho increased their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday, March 5th. Finally, Morgan Stanley upped their price target on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average target price of $29.64.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the sale, the president now directly owns 825,652 shares in the company, valued at $21,970,599.72. This trade represents a 2.13 % decrease in their position. 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 75,461 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the transaction, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,461 shares of company stock valued at $3,506,116. 12.73% of the stock is currently owned by corporate insiders.

Institutional Trading of Kinder Morgan

An institutional investor recently bought a new position in Kinder Morgan stock. Brighton Jones LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,253 shares of the pipeline company's stock, valued at approximately $308,000. 62.52% of the stock is currently owned by hedge funds and other 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.