The price of Kinder Morgan Inc (NYSE:KMI) shares last traded on Wall Street rose 0.90% to $16.75.
Based on available information, 22 analysts follow Kinder Morgan Inc (NYSE:KMI). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $23.00 and a low of $18.00, we find $20.00. Given the previous closing price of $16.60, this indicates a potential upside of 20.48 percent. KMI stock price is now -3.23% away from the 50-day moving average and -3.76% away from the 200-day moving average. The market capitalization of the company currently stands at $37.32B.
Among analysts, 15 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $20.36 as their price target over the next twelve months.
In other news, Mody Sital K, V.P. (Pres.,Nat Gas Pipelines) sold 55,849 shares of the company’s stock on Aug 04. The stock was sold for $969,578 at an average price of $17.36. Upon completion of the transaction, the V.P. (Pres.,Nat Gas Pipelines) now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 25, V.P. (President, Terminals) Schlosser John W sold 1,500 shares of the business’s stock. A total of $27,142 was realized by selling the stock at an average price of $18.09. This leaves the insider owning 10,719 shares of the company worth $0.18 million. Insiders disposed of 936,961 shares of company stock worth roughly $15.69 million over the past 1 year. A total of 12.79% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KMI stock. A new stake in Kinder Morgan Inc shares was purchased by WESTWOOD HOLDINGS GROUP INC during the first quarter worth $76,458,000. LORD, ABBETT & CO. LLC invested $58,288,000 in shares of KMI during the first quarter. In the first quarter, SQUAREPOINT OPS LLC acquired a new stake in Kinder Morgan Inc valued at approximately $23,861,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND acquired a new stake in KMI for approximately $15,075,000. POINT72 EUROPE (LONDON) LLP purchased a new stake in KMI valued at around $13,388,000 in the second quarter. In total, there are 1,683 active investors with 64.37% ownership of the company’s stock.
During the past 12 months, Kinder Morgan Inc has had a low of $16.00 and a high of $19.35. As of last week, the company has a debt-to-equity ratio of 1.03, a current ratio of 0.49, and a quick ratio of 0.38. According to the stock market information, the enterprise value for the company is $67.88B, which is based on a 15.08 price-to-earnings ratio, a 2.28 price-to-earnings-growth ratio, and a beta of 0.93. The fifty day moving average price for KMI is $17.30 and a two-hundred day moving average price translates $17.40 for the stock.
The latest earnings results from Kinder Morgan Inc (NYSE: KMI) was released for Jun, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.26, beating analysts’ expectations of $0.24 by 0.02. This compares to $0.28 EPS in the same period last year. The net profit margin was 15.35% and return on equity was 8.17% for KMI. The company reported revenue of $3.5 billion for the quarter, compared to $5.15 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -32.03 percent. For the current quarter, analysts expect KMI to generate $4.74B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/15/2023. Investors who held shares on 07/31/2023 were paid a $0.2825 dividend. On an annualized basis, this represents a $1.13 dividend and a 6.74% percent yield. There was an ex-dividend date of 07/28/2023 for this dividend. In terms of dividend payout ratio, KMI is presently at 98.20%.
