The stock of Kinder Morgan Inc (NYSE:KMI) last traded at $16.13, down -1.47% from the previous session.
Data from the available sources indicates that Kinder Morgan Inc (NYSE:KMI) is covered by 24 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $17.00, we find $20.00. Given the previous closing price of $16.37, this indicates a potential upside of 22.17 percent. KMI stock price is now -4.51% away from the 50-day moving average and -6.41% away from the 200-day moving average. The market capitalization of the company currently stands at $35.85B.
In total, 15 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $20.22 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 $0.17 million. Insiders disposed of 933,961 shares of company stock worth roughly $15.06 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 $73,628,000. LORD, ABBETT & CO. LLC invested $56,130,000 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 $22,978,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND acquired a new stake in KMI for approximately $14,517,000. ING GROEP NV purchased a new stake in KMI valued at around $13,640,000 in the second quarter. In total, there are 1,683 active investors with 63.17% ownership of the company’s stock.
With an opening price of $16.14 on Monday morning, Kinder Morgan Inc (NYSE: KMI) set off the trading day. During the past 12 months, Kinder Morgan Inc has had a low of $15.89 and a high of $19.35. As of last week, the company has a debt-to-equity ratio of 1.02, a current ratio of 0.39, and a quick ratio of 0.30. According to the stock market information, the enterprise value for the company is $66.77B, which is based on a 14.75 price-to-earnings ratio, a 49.16 price-to-earnings-growth ratio, and a beta of 0.93. The fifty day moving average price for KMI is $16.87 and a two-hundred day moving average price translates $17.22 for the stock.
The latest earnings results from Kinder Morgan Inc (NYSE: KMI) was released for Sep, 2023. The net profit margin was 16.02% and return on equity was 8.03% for KMI. The company reported revenue of $3.91 billion for the quarter, compared to $5.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -24.53 percent.
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 7.01% 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%.
Kinder Morgan Inc(KMI) Company Profile
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 gasification, liquefaction, and storage facilities. The Products Pipelines segment owns and operates refined petroleum products, and crude oil and condensate pipelines; and associated product terminals and petroleum pipeline transmix facilities. The Terminals segment owns and/or operates liquids and bulk terminals that stores and handles various commodities, including gasoline, diesel fuel, renewable fuel stock, chemicals, ethanol, metals, and petroleum coke; and owns tankers. The CO2 segment produces, transports, and markets CO2 to recovery and production crude oil from mature oil fields; owns interests in/or operates oil fields and gasoline processing plants; and operates a crude oil pipeline system in West Texas, as well as owns and operates RNG and LNG facilities. It owns and operates approximately 83,000 miles of pipelines and 140 terminals. The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in February 2011. Kinder Morgan, Inc. was founded in 1936 and is headquartered in Houston, Texas.
