In today’s recent session, 4.28 million shares of the Kinder Morgan Inc. (NYSE:KMI) have been traded, and its beta is 0.92. Most recently the company’s share price was $16.60, and it changed around $0.07 or 0.45% from the last close, which brings the market valuation of the company to $37.05B. KMI at last check was trading at a discount to its 52-week high of $20.20, offering almost -21.69% off that amount. The share price’s 52-week low was $15.77, which indicates that the recent value has risen by an impressive 5.0% since then. We note from Kinder Morgan Inc.’s average daily trading volume that its 10-day average is 12.45 million shares, with the 3-month average coming to 12.47 million.
Kinder Morgan Inc. stock received a consensus recommendation rating of a Hold, based on a mean score of 2.80. If we narrow it down even further, the data shows that 2 out of 21 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 13 recommended KMI as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Kinder Morgan Inc. is expected to report earnings per share of $0.25 for the current quarter.
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Kinder Morgan Inc. (NYSE:KMI) trade information
Instantly KMI has been showing a green trend so far today with a performance of 0.45% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 16.67 on Monday, 05/22/23 increased the stock’s daily price by 0.42%. The company’s shares are currently down -8.16% year-to-date, but still up 1.87% over the last five days. On the other hand, Kinder Morgan Inc. (NYSE:KMI) is -5.76% up in the 30-day period. We can see from the shorts that 38.0 million shares have been sold at a short interest cover period of 3.51 day(s).
Kinder Morgan Inc. (KMI) estimates and forecasts
Kinder Morgan Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -9.85 percent over the past six months and at a -6.03% annual growth rate that is well above the industry average of -10.90%. The year-over-year growth rate is expected to be -2.60%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $4.7 billion in revenue for the current quarter. 4 analysts expect Kinder Morgan Inc. to make $5.13 billion in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $5.15 billion and $5.18 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -8.70%. Forecasts for the next quarter put sales growth at -0.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 32.40%. Kinder Morgan Inc. earnings are expected to increase by 43.70% in 2023, but the outlook is negative -6.40% per year for the next five years.
Kinder Morgan Inc.’s next quarterly earnings report is expected to be released around July 18 and July 24. The annual dividend yield of the stock is 6.84 percent and its annual dividend per share was 1.13. It is important to note, however, that the 6.84% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Kinder Morgan Inc. (NYSE:KMI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 12.66% of Kinder Morgan Inc. shares, and 64.29% of them are in the hands of institutional investors. The stock currently has a share float of 73.60%. Kinder Morgan Inc. stock is held by 1,690 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2023, it held 7.78% of the shares, which is about 174.36 million shares worth $3.05 billion.
Blackrock Inc., with 7.05% or 158.11 million shares worth $2.77 billion as of Mar 30, 2023, 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, 2022. The former held 58.09 million shares worth $1.05 billion, making up 2.59% of all outstanding shares. On the other hand, Select Sector SPDR Fund-Energy Select held roughly 57.7 million shares worth around $984.35 million, which represents about 2.57% of the total shares outstanding.