In the last trading session, 11,344,196 shares of the Kinder Morgan, Inc. (NYSE:KMI) were traded, and its beta was 1.14. Most recently the company’s share price was $16.7, and it changed around $0.04 or 0% from the last close, which brings the market valuation of the company to $37.82 Billion. KMI currently trades at a discount to its 52-week high of $17.97, offering almost -7.6% off that amount. The share price’s 52-week low was $11.45, which indicates that the current value has risen by an impressive 31.44% since then. We note from Kinder Morgan, Inc.’s average daily trading volume that its 10-day average is 14.45 Million shares, with the 3-month average coming to 17.6 Million.
Kinder Morgan, Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.7. If we narrow it down even further, the data shows that 1 out of 26 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 16 recommended KMI as a Hold, whereas 8 deemed it a Buy, and no one rated it as Underweight. Kinder Morgan, Inc. is expected to report earnings per share of $0.24 for the current quarter.
Kinder Morgan, Inc. (NYSE:KMI): Trading Information
Instantly KMI has showed a green trend with a performance of 0.24% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $16.89 on Monday, Apr 05 increased the stock’s daily price by 1.12%. The company’s shares are currently up 0.22% year-to-date, but still down -0.003 over the last five days. On the other hand, Kinder Morgan, Inc. (NYSE:KMI) is 0.05% up in the 30-day period. We can see from the shorts that 35.94 Million shares have been sold at a short interest cover period of 2.04 day (s).
The consensus price target as assigned by Wall Street analysts is $17.02, which translates to bears needing to increase their stock price by 1.92% from its current value. Analyst projections state that KMI is forecast to be at a low of $14 and a high of $22. In order for the stock price to hit the forecast high, the stock would need to surge +31.74% from its current level, while the stock would need to crash -16.17% from its current level to reach the projected low.
Kinder Morgan, Inc. (KMI) projections and forecasts
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $3.02 Billion in revenue for the current quarter. 10 analysts expect Kinder Morgan, Inc. to make $2.89 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarter a year ago was $3.11 Billion. Analysts predict that the company’s current quarter sales will drop, forecast at -2.9%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -14.7%. Kinder Morgan, Inc. earnings are expected to decrease by -95.1% in 2021, but the outlook is positive 1.14% per year for the next five years.
KMI Dividend Yield
Kinder Morgan, Inc.’s next quarterly earnings report is expected to be released around April 20 – April 26, 2021. The annual dividend yield of the stock is 6.3 percent and its annual dividend per share was $1.05. It is important to note, however, that the 6.3% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.52% per year.
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Kinder Morgan, Inc. (NYSE:KMI)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 13.8% of Kinder Morgan, Inc. shares, and 62.33% of them are in the hands of institutional investors. The stock currently has a share float of 72.31%. Kinder Morgan, Inc. stock is held by 1495 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 7.26% of the shares, which is about 164.47 Million shares worth $2.25 Billion.
Blackrock Inc., with 6.65% or 150.56 Million shares worth $2.06 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select were the top two Mutual Funds as of Dec 30, 2020. The former held 54213080 shares worth $741.09 Million, making up 2.39% of all outstanding shares. On the other hand, Select Sector SPDR Fund-Energy Select held roughly 45.73 Million shares worth around $672.25 Million, which represents about 2.02% of the total shares outstanding.