Capital One Financial Equities Analysts Boost Earnings Estimates for Kinder Morgan, Inc. (NYSE:KMI)

Kinder Morgan, Inc. (NYSE:KMI – Get Rating) – Equities research analysts at Capital One Financial increased their FY2022 earnings per share estimates for shares of Kinder Morgan in a report released on Wednesday, April 20th. Capital One Financial analyst K. May now anticipates that the pipeline company will earn $1.10 per share for the year, up from their prior estimate of $1.09. Capital One Financial also issued estimates for Kinder Morgan’s Q1 2023 earnings at $0.29 EPS, Q2 2023 earnings at $0.28 EPS, Q3 2023 earnings at $0.28 EPS, Q4 2023 earnings at $0.31 EPS and FY2023 earnings at $1.21 EPS.

Kinder Morgan (NYSE:KMI – Get Rating) last posted its quarterly earnings results on Wednesday, April 20th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $4.29 billion during the quarter, compared to analyst estimates of $3.66 billion. Kinder Morgan had a return on equity of 9.49% and a net margin of 10.74%. Kinder Morgan’s quarterly revenue was down 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS.

KMI has been the subject of a number of other research reports. Morgan Stanley boosted their target price on Kinder Morgan from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday. StockNews.com started coverage on Kinder Morgan in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Wolfe Research downgraded Kinder Morgan from a “peer perform” rating to an “underperform” rating and boosted their price target for the company from $17.00 to $18.00 in a research note on Monday, April 11th. Mizuho boosted their price target on Kinder Morgan from $21.00 to $22.00 in a research note on Thursday. Finally, Zacks Investment Research upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Tuesday, January 25th. Four analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $19.10.

Shares of NYSE:KMI opened at $19.15 on Friday. Kinder Morgan has a fifty-two week low of $15.01 and a fifty-two week high of $20.19. The business has a 50-day simple moving average of $18.30 and a two-hundred day simple moving average of $17.35. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.56 and a current ratio of 0.66. The firm has a market cap of $43.42 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 6.03 and a beta of 0.95.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 16th. Stockholders of record on Monday, May 2nd will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 5.80%. This is a boost 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 138.46%.

In related news, VP John W. Schlosser sold 1,500 shares of the stock in a transaction on Friday, March 25th. The stock was sold at an average price of $18.34, for a total transaction of $27,510.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Dax Sanders sold 91,129 shares of the stock in a transaction on Friday, April 8th. The shares were sold at an average price of $19.51, for a total value of $1,777,926.79. Following the sale, the vice president now owns 204,105 shares in the company, valued at approximately $3,982,088.55. The disclosure for this sale can be found here. 12.51% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. purchased a new stake in Kinder Morgan during the 3rd quarter valued at $25,000. City State Bank purchased a new stake in Kinder Morgan in the fourth quarter worth $25,000. EverSource Wealth Advisors LLC purchased a new stake in Kinder Morgan in the fourth quarter worth $26,000. Joseph P. Lucia & Associates LLC purchased a new stake in Kinder Morgan in the first quarter worth $29,000. Finally, US Asset Management LLC purchased a new stake in Kinder Morgan in the third quarter worth $31,000. Institutional investors own 58.01% of the company’s stock.

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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