Stocks of Kinder Morgan Inc (NYSE:KMI) traded higher last session on Wall Street, down -0.26% to $27.18.
KMI stock price is now 2.34% away from the 50-day moving average and 24.66% away from the 200-day moving average. The market capitalization of the company currently stands at $60.23B.
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 18,000 shares of the company’s stock on Dec 04 ’24. The stock was sold for $492,079 at an average price of $27.34. Upon completion of the transaction, the President now directly owns 879,652 shares in the company, valued at $23.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, President MARTIN THOMAS A sold 19,121 shares of the business’s stock. A total of $502,530 was realized by selling the stock at an average price of $26.28. This leaves the insider owning 897,652 shares of the company worth $24.4 million. A total of 12.77% 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 $28.81. 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 $93814177792, which is based on a 23.89 price-to-earnings ratio, a 3.74 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for KMI is $26.5578 and a two-hundred day moving average price translates $21.803 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.
