Brokers Issue Forecasts for Kinder Morgan, Inc.’s Q2 2022 Earnings (NYSE:KMI)
Kinder Morgan, Inc. (NYSE:KMI – Get Rating) – Investment analysts at US Capital Advisors issued their Q2 2022 earnings per share estimates for Kinder Morgan in a report released on Wednesday, June 1st. US Capital Advisors analyst J. Carreker anticipates that the pipeline company will earn $0.28 per share for the quarter. US Capital Advisors has a “Hold” rating on the stock. US Capital Advisors also issued estimates for Kinder Morgan’s Q3 2022 earnings at $0.27 EPS, Q4 2022 earnings at $0.26 EPS, FY2022 earnings at $1.11 EPS, Q1 2023 earnings at $0.26 EPS, Q2 2023 earnings at $0.26 EPS, Q3 2023 earnings at $0.26 EPS, Q4 2023 earnings at $0.25 EPS, FY2023 earnings at $1.03 EPS and FY2024 earnings at $0.94 EPS.
Kinder Morgan (NYSE:KMI – Get Rating) last issued its quarterly earnings results on Wednesday, April 20th. The pipeline company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $4.29 billion for the quarter, compared to analyst estimates of $3.66 billion. Kinder Morgan had a net margin of 6.64% and a return on equity of 7.51%. The business’s revenue for the quarter was down 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 EPS.
A number of other brokerages have also commented on KMI. Mizuho increased their price target on shares of Kinder Morgan from $21.00 to $22.00 in a report on Thursday, April 21st. Wells Fargo & Company decreased their price target on shares of Kinder Morgan to $20.00 and set an “equal weight” rating on the stock in a report on Friday, May 20th. Wolfe Research lowered shares of Kinder Morgan from a “peer perform” rating to an “underperform” rating and increased their target price for the company from $17.00 to $18.00 in a report on Monday, April 11th. StockNews.com began coverage on shares of Kinder Morgan in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, TD Securities increased their target price on shares of Kinder Morgan from $21.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, April 21st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.67.
Shares of NYSE:KMI opened at $19.93 on Monday. The company’s fifty day moving average price is $19.16 and its 200-day moving average price is $17.71. The firm has a market capitalization of $45.19 billion, a price-to-earnings ratio of 44.29, a PEG ratio of 5.90 and a beta of 0.90. Kinder Morgan has a one year low of $15.01 and a one year high of $20.19. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.47 and a quick ratio of 0.38.
The company also recently declared a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Monday, May 2nd were given a dividend of $0.2775 per share. The ex-dividend date was Friday, April 29th. This represents a $1.11 annualized dividend and a yield of 5.57%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.27. Kinder Morgan’s dividend payout ratio is presently 246.67%.
In other news, VP John W. Schlosser sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 25th. The shares were sold at an average price of $18.51, for a total value of $27,765.00. Following the completion of the sale, the vice president now directly owns 33,219 shares of the company’s stock, valued at approximately $614,883.69. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Dax Sanders sold 91,129 shares of the firm’s stock in a transaction dated Friday, April 8th. The stock was sold at an average price of $19.51, for a total transaction of $1,777,926.79. Following the completion of the sale, the vice president now directly owns 204,105 shares of the company’s stock, valued at $3,982,088.55. The disclosure for this sale can be found here. Insiders have sold a total of 95,629 shares of company stock valued at $1,862,017 in the last three months. 14.22% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Kinder Morgan by 7.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,302,637 shares of the pipeline company’s stock worth $81,364,000 after purchasing an additional 293,497 shares during the period. Kestra Private Wealth Services LLC lifted its position in Kinder Morgan by 12.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 51,698 shares of the pipeline company’s stock valued at $978,000 after acquiring an additional 5,867 shares during the period. Gradient Investments LLC lifted its position in Kinder Morgan by 85.8% during the 1st quarter. Gradient Investments LLC now owns 11,757 shares of the pipeline company’s stock valued at $222,000 after acquiring an additional 5,430 shares during the period. Advisory Services Network LLC lifted its position in Kinder Morgan by 0.9% during the 1st quarter. Advisory Services Network LLC now owns 236,566 shares of the pipeline company’s stock valued at $4,474,000 after acquiring an additional 2,148 shares during the period. Finally, Aurora Investment Counsel purchased a new position in Kinder Morgan during the 1st quarter valued at about $1,906,000. 58.53% of the stock is owned by hedge funds and other institutional investors.
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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