Kinder Morgan (NYSE:KMI) Announces Earnings Results

Kinder Morgan (NYSE:KMI) posted its earnings results on Tuesday. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.04, MarketWatch Earnings reports. Kinder Morgan had a return on equity of 8.85% and a net margin of 13.28%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the firm earned $0.17 earnings per share. The business’s revenue was up 23.0% compared to the same quarter last year.

KMI traded down $0.31 during midday trading on Thursday, reaching $17.54. The company had a trading volume of 488,161 shares, compared to its average volume of 10,548,166. 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 company’s 50-day moving average price is $18.39. The firm has a market capitalization of $39.72 billion, a P/E ratio of 21.51, a P/E/G ratio of 4.76 and a beta of 1.14. Kinder Morgan has a 1 year low of $11.45 and a 1 year high of $19.29.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 16th. Shareholders of record on Monday, August 2nd will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 6.16%. Kinder Morgan’s payout ratio is 122.73%.

Several equities analysts have recently issued reports on the company. Mizuho boosted their target price on Kinder Morgan from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday. Piper Sandler boosted their target price on Kinder Morgan from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, June 17th. Morgan Stanley lowered Kinder Morgan from an “equal weight” rating to an “underweight” rating and set a $18.00 price target on the stock. in a research report on Wednesday, May 26th. Stifel Nicolaus lowered Kinder Morgan from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a research report on Tuesday, June 15th. Finally, Wells Fargo & Company restated an “underweight” rating on shares of Kinder Morgan in a research report on Wednesday, May 19th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Kinder Morgan currently has a consensus rating of “Hold” and a consensus price target of $16.93.

In other news, VP John W. Schlosser sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 25th. The stock was sold at an average price of $18.71, for a total value of $28,065.00. Following the completion of the transaction, the vice president now owns 43,719 shares of the company’s stock, valued at $817,982.49. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 4,500 shares of the company’s stock in a transaction dated Monday, May 10th. The stock was 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 directly owns 45,219 shares of the company’s stock, valued at approximately $813,942. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,500 shares of company stock valued at $136,410. Company insiders own 14.22% of the company’s stock.

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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