FY2024 EPS Forecast for Kinder Morgan Boosted by Analyst

Kinder Morgan, Inc. (NYSE:KMI - Free Report) - US Capital Advisors increased their FY2024 EPS estimates for shares of Kinder Morgan in a research note issued on Monday, October 28th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will earn $1.19 per share for the year, up from their prior estimate of $1.17. The consensus estimate for Kinder Morgan's current full-year earnings is $1.19 per share. US Capital Advisors also issued estimates for Kinder Morgan's Q4 2024 earnings at $0.32 EPS and Q2 2025 earnings at $0.27 EPS.

KMI has been the subject of a number of other research reports. Bank of America initiated coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a "buy" rating and a $27.00 price target for the company. The Goldman Sachs Group reaffirmed a "conviction-buy" rating on shares of Kinder Morgan in a research report on Friday, October 18th. Barclays increased their price objective on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Friday, September 13th. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a research report on Friday, October 18th. Finally, Royal Bank of Canada increased their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.91.

Kinder Morgan Trading Down 0.7 %

Shares of NYSE KMI traded down $0.18 during midday trading on Tuesday, reaching $24.62. 10,088,868 shares of the stock were exchanged, compared to its average volume of 13,802,312. The company has a 50 day simple moving average of $22.57 and a 200 day simple moving average of $20.77. The stock has a market capitalization of $54.64 billion, a P/E ratio of 22.55, a PEG ratio of 3.06 and a beta of 0.93. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.46. Kinder Morgan has a twelve month low of $15.91 and a twelve month high of $25.43.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm's quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 EPS.

Institutional Investors Weigh In On Kinder Morgan

Several hedge funds and other institutional investors have recently bought and sold shares of KMI. Northwest Investment Counselors LLC acquired a new stake in Kinder Morgan during the 3rd quarter worth $28,000. Pathway Financial Advisers LLC acquired a new stake in Kinder Morgan during the 1st quarter worth $30,000. HWG Holdings LP acquired a new stake in Kinder Morgan during the 2nd quarter worth $30,000. Redmont Wealth Advisors LLC acquired a new position in Kinder Morgan in the first quarter valued at $31,000. Finally, Strategic Financial Concepts LLC acquired a new position in Kinder Morgan in the second quarter valued at $31,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the sale, the president now directly owns 916,773 shares of the company's stock, valued at approximately $19,261,400.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the sale, the president now directly owns 916,773 shares of the company's stock, valued at approximately $19,261,400.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now directly owns 307,409 shares of the company's stock, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 817,040 shares of company stock valued at $19,747,879 in the last 90 days. Company insiders own 12.64% of the company's stock.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.67%. Kinder Morgan's dividend payout ratio is presently 104.55%.

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.