The price of Kinder Morgan Inc (NYSE:KMI) shares last traded on Wall Street rose 1.91% to $27.27.
KMI stock price is now 14.37% away from the 50-day moving average and 33.81% away from the 200-day moving average. The market capitalization of the company currently stands at $61.74B.
On October 11, 2024, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $23 to quote $27, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, MARTIN THOMAS A, President sold 19,121 shares of the company’s stock on Nov 06 ’24. The stock was sold for $502,530 at an average price of $26.28. Upon completion of the transaction, the President now directly owns 897,652 shares in the company, valued at $24.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 05 ’24, Director Chronis Amy W bought 2,241 shares of the business’s stock. A total of $55,790 was incurred on buying the stock at an average price of $24.89. This leaves the insider owning 23,995 shares of the company worth $0.65 million. A total of 12.75% of the company’s stock is owned by insiders.
During the past 12 months, Kinder Morgan Inc has had a low of $16.47 and a high of $27.58. As of last week, the company has a debt-to-equity ratio of 1.05, a current ratio of 0.46, and a quick ratio of 0.35. According to the stock market information, the enterprise value for the company is $94014128128, which is based on a 23.97 price-to-earnings ratio, a 3.61 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for KMI is $23.844 and a two-hundred day moving average price translates $20.37965 for the stock.
The latest earnings results from Kinder Morgan Inc (NYSE: KMI) was released for 2024-09-30. The net profit margin was 16.76% and return on equity was 8.33% for KMI. The company reported revenue of $3.7 billion for the quarter, compared to $3.91 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.32 percent.
