Kinder Morgan (NYSE:KMI) Issues FY 2024 Earnings Guidance

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

Kinder Morgan Trading Up 0.4 %

NYSE:KMI opened at $17.76 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.28. The firm has a 50-day moving average of $17.71 and a 200-day moving average of $17.36. The company has a market cap of $39.42 billion, a PE ratio of 16.60, a PEG ratio of 4.95 and a beta of 0.90. Kinder Morgan has a one year low of $15.89 and a one year high of $18.72.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. As a group, equities research analysts expect that Kinder Morgan will post 1.19 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Truist Financial reaffirmed a hold rating and issued a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com downgraded shares of Kinder Morgan from a buy rating to a hold rating in a research report on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $20.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hobbs Group Advisors LLC purchased a new position in Kinder Morgan in the fourth quarter valued at about $323,000. SageView Advisory Group LLC boosted its stake in Kinder Morgan by 13.8% in the fourth quarter. SageView Advisory Group LLC now owns 23,460 shares of the pipeline company’s stock valued at $404,000 after acquiring an additional 2,853 shares during the last quarter. Oarsman Capital Inc. purchased a new position in Kinder Morgan in the fourth quarter valued at about $177,000. Harbour Investments Inc. boosted its stake in Kinder Morgan by 10.1% in the fourth quarter. Harbour Investments Inc. now owns 24,084 shares of the pipeline company’s stock valued at $425,000 after acquiring an additional 2,217 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Kinder Morgan by 0.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 989,726 shares of the pipeline company’s stock valued at $17,459,000 after buying an additional 3,683 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

About Kinder Morgan

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.