Kinder Morgan Inc. (NYSE:KMI)’s traded shares stood at 27.02 million during the last session, with the company’s beta value hitting 0.92. At the close of trading, the stock’s price was $16.28, to imply a decrease of -1.63% or -$0.27 in intraday trading. The KMI share’s 52-week high remains $20.20, putting it -24.08% down since that peak but still an impressive 3.13% since price per share fell to its 52-week low of $15.77. The company has a valuation of $37.40B, with an average of 15.25 million shares in intraday trading volume over the past 10 days and average of 12.69 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Hold for Kinder Morgan Inc. (KMI), translating to a mean rating of 2.80. Of 24 analyst(s) looking at the stock, 2 analyst(s) give KMI a Sell rating. 1 of those analysts rate the stock as Overweight while 16 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.3.
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Kinder Morgan Inc. (NYSE:KMI) trade information
After registering a -1.63% downside in the last session, Kinder Morgan Inc. (KMI) has traded red over the past five days. The stock hit a weekly high of 17.30 this Friday, 03/17/23, dropping -1.63% in its intraday price action. The 5-day price performance for the stock is -2.92%, and -10.50% over 30 days. With these gigs, the year-to-date price performance is -9.96%. Short interest in Kinder Morgan Inc. (NYSE:KMI) saw shorts transact 33.41 million shares and set a 2.9 days time to cover.
Analysts on Wall Street suggest a consensus price target of $20.35, implying an increase of 20.0% to the stock’s current value. The extremes give us $18.00 and $24.00 for target low and target high price respectively. As such, KMI has been trading -47.42% off suggested target high and -10.57% from its likely low.
Kinder Morgan Inc. (KMI) estimates and forecasts
Looking at statistics comparing Kinder Morgan Inc. share performance against respective industry, we note that the company has outperformed competitors. Kinder Morgan Inc. (KMI) shares are -11.18% down over the last 6 months, with its year-to-date growth rate higher than industry average at -5.17% against -7.50%. Revenue is forecast to shrink -6.30% this quarter before falling -7.40% for the next one. The rating firms project that company’s revenue will grow 2.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is $4.67 billion. Meanwhile, for the quarter ending Jun 2023, a total of 5 analyst(s) estimate revenue growth to $4.98 billion.Earnings reports from the last fiscal year show that sales brought in $4.29 billion and $5.15 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 8.80% before dropping -3.20% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 32.40% for the past 5-year period. While 2023 is set for a 43.70% return in earnings, projections for the next 5 years are at -6.40% annually.
Kinder Morgan Inc. has its next earnings report out between April 18 and April 24. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Kinder Morgan Inc. has a forward dividend ratio of 1.11, with the share yield ticking at 6.82% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Kinder Morgan Inc. (NYSE:KMI)’s Major holders
Kinder Morgan Inc. insiders hold 12.53% of total outstanding shares, with institutional holders owning 62.36% of the shares at 71.29% float percentage. In total, 62.36% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 176.75 million shares (or 7.86% of shares), all amounting to roughly $2.94 billion.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 170.44 million shares, or about 7.58% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $2.84 billion.
We also have Select Sector SPDR Fund-Energy Select and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Kinder Morgan Inc. (KMI) shares. Going by data provided on Dec 30, 2022, Select Sector SPDR Fund-Energy Select holds roughly 57.23 million shares. This is just over 2.55% of the total shares, with a market valuation of $1.03 billion. Data from the same date shows that the other fund manager holds a little less at 57.07 million, or 2.54% of the shares, all valued at about 949.6 million.