In the last trading session, 10.72 million shares of the Kinder Morgan Inc (NYSE:KMI) were traded, and its beta was 0.88. Most recently the company’s share price was $18.41, and it changed around $0.07 or 0.38% from the last close, which brings the market valuation of the company to $40.86B. KMI currently trades at a discount to its 52-week high of $18.43, offering almost -0.11% off that amount. The share price’s 52-week low was $15.89, which indicates that the current value has risen by an impressive 13.69% since then. We note from Kinder Morgan Inc’s average daily trading volume that its 10-day average is 15.05 million shares, with the 3-month average coming to 14.42 million.
Kinder Morgan Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.50. If we narrow it down even further, the data shows that 0 out of 19 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 8 recommended KMI as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Kinder Morgan Inc is expected to report earnings per share of $0.34 for the current quarter.
Kinder Morgan Inc (NYSE:KMI) trade information
Instantly KMI has showed a green trend with a performance of 0.38% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 4.37% year-to-date, but still up 1.94% over the last five days. On the other hand, Kinder Morgan Inc (NYSE:KMI) is 5.87% up in the 30-day period. We can see from the shorts that 34.2 million shares have been sold at a short interest cover period of 2.52 day(s).
The consensus price target as assigned by Wall Street analysts is $19.64, which translates to bulls needing to increase their stock price by 6.26% from its current value. Analyst projections state that KMI is forecast to be at a low of $17 and a high of $22.
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 risen 10.44 percent over the past six months and at a 9.35% annual growth rate that is well above the industry average of 4.50%. The year-over-year growth rate is expected to be 16.90%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $4.47 billion in revenue for the current quarter. 6 analysts expect Kinder Morgan Inc to make $4.19 billion in revenue for the quarter ending Jun 2024. Analysts predict that the company’s current quarter sales will jump, forecast at 14.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 9.87%. Kinder Morgan Inc earnings are expected to increase by 13.01% in 2024, but the outlook is positive 5.30% per year for the next five years.
KMI Dividends
Kinder Morgan Inc’s next quarterly earnings report is expected to be released around April 17 and April 22. The annual dividend yield of the stock is 6.14 percent and its annual dividend per share was 1.13. It is important to note, however, that the 6.14% 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 12.77% of Kinder Morgan Inc shares, and 64.42% of them are in the hands of institutional investors. The stock currently has a share float of 73.84%. Kinder Morgan Inc stock is held by 1,764 institutions, with Vanguard Group Inc being the largest institutional investor. By Jun 29, 2023, it held 7.78% of the shares, which is about 173.46 million shares worth $2.99 billion.
Blackrock Inc., with 7.02% or 156.36 million shares worth $2.69 billion as of Jun 29, 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 Jun 29, 2023. The former held 59.29 million shares worth $1.02 billion, making up 2.66% of all outstanding shares. On the other hand, Select Sector SPDR Fund-Energy Select held roughly 53.69 million shares worth around $924.6 million, which represents about 2.41% of the total shares outstanding.
