Kinder Morgan (NYSE:KMI) Issues FY24 Earnings Guidance

Kinder Morgan (NYSE:KMI) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $1.22 for the period, compared to the consensus EPS estimate of $1.21. Kinder Morgan also updated its FY 2024 guidance to 1.220-1.220 EPS.

Kinder Morgan Stock Performance

NYSE:KMI opened at $17.76 on Thursday. Kinder Morgan has a 1 year low of $15.89 and a 1 year high of $18.72. The firm’s fifty day simple moving average is $17.71 and its 200 day simple moving average is $17.36. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $39.42 billion, a PE ratio of 16.60, a PEG ratio of 4.95 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period last year, the business posted $0.30 EPS. Kinder Morgan’s revenue was down 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Kinder Morgan will post 1.19 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on KMI shares. StockNews.com lowered shares of Kinder Morgan from a buy rating to a hold rating in a research note on Friday, March 1st. Truist Financial reissued a hold rating and issued a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of Hold and a consensus price target of $20.20.

Hedge Funds Weigh In On Kinder Morgan

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pin Oak Investment Advisors Inc. lifted its holdings in shares of Kinder Morgan by 20.5% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 6,043 shares of the pipeline company’s stock worth $104,000 after acquiring an additional 1,028 shares during the period. Resurgent Financial Advisors LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth about $103,000. Fairfield Bush & CO. bought a new position in shares of Kinder Morgan during the 1st quarter worth about $93,000. Coppell Advisory Solutions Corp. bought a new position in Kinder Morgan during the 4th quarter valued at about $77,000. Finally, Mango Five Family Inc. bought a new position in Kinder Morgan during the 4th quarter valued at about $71,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Company Profile

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.