In the last trading session, 9.11 million Kinder Morgan Inc (NYSE:KMI) shares changed hands as the company’s beta touched 0.88. With the company’s per share price at $17.91 changed hands at -$0.06 or -0.33% during last session, the market valuation stood at $39.75B. KMI’s last price was a discount, traded about -2.23% off its 52-week high of $18.31. The share price had its 52-week low at $15.89, which suggests the last value was 11.28% up since then. When we look at Kinder Morgan Inc’s average trading volume, we note the 10-day average is 16.5 million shares, with the 3-month average coming to 14.26 million.
Kinder Morgan Inc (NYSE:KMI) trade information
Instantly KMI was in red as seen at the end of in last trading. With action -0.11%, the performance over the past five days has been red. The drop to weekly highs of 18.31 subtracted -0.33% to the stock’s daily price. The company’s shares are showing year-to-date upside of 1.53%, with the 5-day performance at -0.11% in the red. However, in the 30-day time frame, Kinder Morgan Inc (NYSE:KMI) is 4.55% up. Looking at the short shares, we see there were 29.03 million shares sold at short interest cover period of 2.08 days.
Kinder Morgan Inc (KMI) estimates and forecasts
Data shows that the Kinder Morgan Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 6.93% over the past 6 months, a 12.15% in annual growth rate that is considerably higher than the industry average of 4.60%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Kinder Morgan Inc will rise 13.30%. Year-over-year growth is forecast to reach 16.90% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of $4.47 billion. 6 analysts are of the opinion that Kinder Morgan Inc’s revenue for the quarter ending Jun 2024 will be $4.19 billion. The company’s revenue for the corresponding quarters a year ago was $3.89 billion. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 14.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 9.87%. The 2024 estimates are for Kinder Morgan Inc earnings to increase by 13.01%, but the outlook for the next 5-year period is at 5.30% per year.
KMI Dividends
Kinder Morgan Inc is expected to release its next quarterly earnings report between April 17 and April 22. The 6.31% annual yield figure for the share gives it an annual dividend of 1.13. It is important to note, however, that the 6.31% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Kinder Morgan Inc (NYSE:KMI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 12.77% of Kinder Morgan Inc shares while 64.42% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 73.85%. There are 64.42% institutions holding the Kinder Morgan Inc stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 7.78% of the shares, roughly 173.46 million KMI shares worth $2.99 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 7.02% or 156.36 million shares worth $2.69 billion as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select. With 59.29 million shares estimated at $1.02 billion under it, the former controlled 2.66% of total outstanding shares. On the other hand, Select Sector SPDR Fund-Energy Select held about 2.41% of the shares, roughly 53.69 million shares worth around $924.6 million.
