Kinder Morgan (NYSE:KMI) Issues Quarterly Earnings Results

Kinder Morgan (NYSE:KMI) posted its quarterly earnings data on Wednesday. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04, MarketWatch Earnings reports. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $2.90 billion. Kinder Morgan had a return on equity of 8.85% and a net margin of 13.28%. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period last year, the company earned $0.17 EPS.

NYSE KMI traded up $0.38 on Wednesday, reaching $17.85. 16,724,160 shares of the stock traded hands, compared to its average volume of 15,773,633. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 0.95. The stock’s fifty day simple moving average is $18.39. The company has a market cap of $40.42 billion, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 4.68 and a beta of 1.14. Kinder Morgan has a 12 month low of $11.45 and a 12 month high of $19.29.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 16th. Shareholders of record on Monday, August 2nd will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 6.05%. Kinder Morgan’s dividend payout ratio (DPR) is presently 122.73%.

Several equities research analysts have recently issued reports on KMI shares. TD Securities raised their price objective on Kinder Morgan from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, June 3rd. Piper Sandler raised their price target on Kinder Morgan from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, June 17th. Stifel Nicolaus lowered Kinder Morgan from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a research note on Tuesday, June 15th. Citigroup raised their price target on Kinder Morgan from $15.50 to $17.00 in a research note on Tuesday, April 27th. Finally, Morgan Stanley lowered Kinder Morgan from an “equal weight” rating to an “underweight” rating and set a $18.00 price target for the company. in a research note on Wednesday, May 26th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $16.87.

In other news, VP John W. Schlosser sold 1,500 shares of Kinder Morgan stock in a transaction on Friday, June 25th. The stock was sold at an average price of $18.23, for a total value of $27,345.00. Following the transaction, the vice president now directly owns 42,219 shares in the company, valued at approximately $769,652.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John W. Schlosser sold 4,500 shares of Kinder Morgan stock in a transaction on Monday, May 10th. The shares were sold at an average price of $18.00, for a total value of $81,000.00. Following the completion of the transaction, the vice president now owns 45,219 shares in the company, valued at $813,942. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,500 shares of company stock valued at $136,410. 14.22% of the stock is currently owned by corporate insiders.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company 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 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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Earnings History for Kinder Morgan (NYSE:KMI)

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