Kinder Morgan Inc. (NYSE:KMI) has a beta value of 0.95 and has seen 2.64 million shares traded in the recent trading session. The company, currently valued at $42.42B, closed the recent trade at $18.60 per share which meant it lost -$0.16 on the day or -0.85% during that session. The KMI stock price is -8.6% off its 52-week high price of $20.20 and 15.22% above the 52-week low of $15.77. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.6 million shares traded. The 3-month trading volume is 14.84 million shares.
The consensus among analysts is that Kinder Morgan Inc. (KMI) is a Hold stock at the moment, with a recommendation rating of 2.90. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 17 out of 24 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.31.
Kinder Morgan Inc. (NYSE:KMI) trade information
Sporting -0.85% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Monday, 01/23/23 when the KMI stock price touched $18.60 or saw a rise of 1.74%. Year-to-date, Kinder Morgan Inc. shares have moved 3.76%, while the 5-day performance has seen it change -0.48%. Over the past 30 days, the shares of Kinder Morgan Inc. (NYSE:KMI) have changed 6.53%. Short interest in the company has seen 31.18 million shares shorted with days to cover at 1.45.
Wall Street analysts have a consensus price target for the stock at $19.95, which means that the shares’ value could jump 6.77% from the levels at last check today. The projected low price target is $18.00 while the price target rests at a high of $24.00. In that case, then, we find that the latest price level in today’s session is -29.03% off the targeted high while a plunge would see the stock lose 3.23% from the levels at last check today.
Kinder Morgan Inc. (KMI) estimates and forecasts
Figures show that Kinder Morgan Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 6.29% over the past 6 months, with this year growth rate of -6.90%, compared to 14.00% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 14.80% and -3.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 15.30%.
5 analysts offering their estimates for the company have set an average revenue estimate of $4.87 billion for the current quarter. 3 have an estimated revenue figure of $4.83 billion for the next quarter concluding in Mar 2023. Year-ago sales stood $4.42 billion and $3.62 billion respectively for this quarter and the next, and analysts expect sales will grow by 10.10% for the current quarter and 33.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 25.80% over the past 5 years. Earnings growth for 2023 is a modest -5.20% while over the next 5 years, the company’s earnings are expected to decrease by -6.40%.
Kinder Morgan Inc. is expected to release its next earnings report between April 18 and April 24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.11 at a share yield of 5.92%. The company’s dividend yield has gone up over the past 12 months.
Kinder Morgan Inc. (NYSE:KMI)’s Major holders
Insiders own 12.62% of the company shares, while shares held by institutions stand at 63.23% with a share float percentage of 72.36%. Investors are also buoyed by the number of investors in a company, with Kinder Morgan Inc. having a total of 1,661 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 172.92 million shares worth more than $2.9 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 7.69% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 165.28 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $2.77 billion and represent 7.35% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select. As of Jun 29, 2022, the former fund manager holds about 2.67% shares in the company for having 60.11 million shares of worth $1.01 billion while later fund manager owns 57.17 million shares of worth $951.35 million as of Sep 29, 2022, which makes it owner of about 2.54% of company’s outstanding stock.