Kinder Morgan Inc (NYSE: KMI) Stock Forecast 2024: $22 Per Share With Bullish Signs

In the last trading session, 16.19 million shares of the Kinder Morgan Inc (NYSE:KMI) were traded, and its beta was 0.86. Most recently the company’s share price was $18.82, and it changed around -$0.02 or -0.11% from the last close, which brings the market valuation of the company to $41.77B. KMI currently trades at a discount to its 52-week high of $18.90, offering almost -0.43% off that amount. The share price’s 52-week low was $15.89, which indicates that the current value has risen by an impressive 15.57% since then. We note from Kinder Morgan Inc’s average daily trading volume that its 3-month average coming to 14.11 million.

Kinder Morgan Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.52. 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 (NYSE:KMI) trade information

Instantly KMI has showed a red trend with a performance of -0.11% 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 6.69% year-to-date, but still up 4.73% over the last five days. On the other hand, Kinder Morgan Inc (NYSE:KMI) is 3.92% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $19.58, which translates to bulls needing to increase their stock price by 3.88% 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 10.64 percent over the past six months and at a 11.21% annual growth rate that is well above the industry average of 0.30%.

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 13.33% 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 in May. The annual dividend yield of the stock is 6.00 percent and its annual dividend per share was 1.13. It is important to note, however, that the 6.00% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.