In the last trading session, 9.45 million shares of the Kinder Morgan Inc (NYSE:KMI) were traded, and its beta was 0.91. Most recently the company’s share price was $23.32, and it changed around -$0.26 or -1.10% from the last close, which brings the market valuation of the company to $51.83B. KMI currently trades at a discount to its 52-week high of $23.83, offering almost -2.19% off that amount. The share price’s 52-week low was $15.91, which indicates that the current value has risen by an impressive 31.78% since then. We note from Kinder Morgan Inc’s average daily trading volume that its 10-day average is 13.17 million shares, with the 3-month average coming to 13.88 million.
Kinder Morgan Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.33. 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 0.27 for the current quarter.
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Kinder Morgan Inc (NYSE:KMI) trade information
Instantly KMI has showed a red trend with a performance of -1.10% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 23.83 on recent trading dayincreased the stock’s daily price by 2.14%. The company’s shares are currently up 32.20% year-to-date, but still up 3.23% over the last five days. On the other hand, Kinder Morgan Inc (NYSE:KMI) is 10.42% up in the 30-day period. We can see from the shorts that 42.19 million shares have been sold at a short interest cover period of 3.86 day(s).
The consensus price target as assigned by Wall Street analysts is $20, which translates to bulls needing to decrease their stock price by -16.6% from its current value. Analyst projections state that KMI is forecast to be at a low of $17 and a high of $24.
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 26.19 percent over the past six months and at a 11.21% annual growth rate that is well above the industry average of 6.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 12.50% in revenue this quarter, and will report an increase of 22.20% in the next quarter. The year-over-year growth rate is expected to be 3.80%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 3.96B in revenue for the current quarter. 5 analysts expect Kinder Morgan Inc to make 4.16B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.71B and 3.96B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -16.10%. Forecasts for the next quarter put sales growth at 5.00%.
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 11.61% in 2024, but the outlook is positive 6.52% per year for the next five years.
KMI Dividends
Kinder Morgan Inc’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 4.89 percent and its annual dividend per share was 1.14. It is important to note, however, that the 4.89% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 6.32 per year.
Kinder Morgan Inc (NYSE:KMI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 12.81% of Kinder Morgan Inc shares, and 66.93% of them are in the hands of institutional investors. The stock currently has a share float of 76.77%. Kinder Morgan Inc stock is held by 1766.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.0293% of the shares, which is about 200.45 million shares worth $3.98 billion.
BLACKROCK INC., with 7.0706% or 156.97 million shares worth $3.12 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
