Kinder Morgan Inc (KMI) Forecasts And Estimates For The Near Future

Kinder Morgan Inc (NYSE:KMI) has a beta value of 0.92 and has seen 15.77 million shares traded in the last trading session. The company, currently valued at $55.30B, closed the last trade at $24.88 per share which meant it gained $0.18 on the day or 0.73% during that session. The KMI stock price is 0.72% off its 52-week high price of $24.70 and 36.05% above the 52-week low of $15.91. If we look at the company’s 10-day average daily trading volume, we find that it stood at 14.67 million shares traded. The 3-month trading volume is 14.03 million shares.

The consensus among analysts is that Kinder Morgan Inc (KMI) is Buy stock at the moment, with a recommendation rating of 2.24. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 10 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight.

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Kinder Morgan Inc (NYSE:KMI) trade information

Sporting 0.73% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the KMI stock price touched $24.88 or saw a rise of 0.56%. Year-to-date, Kinder Morgan Inc shares have moved 41.04%, while the 5-day performance has seen it change 5.51%. Over the past 30 days, the shares of Kinder Morgan Inc (NYSE:KMI) have changed 17.69%. Short interest in the company has seen 39.91 million shares shorted with days to cover at 3.2.

Wall Street analysts have a consensus price target for the stock at $20, which means that the shares’ value could drop -24.4% from current levels. The projected low price target is $17.0 while the price target rests at a high of $25.0. In that case, then, we find that the current price level is -0.48% off the targeted high while a plunge would see the stock lose 31.67% from current levels.

Kinder Morgan Inc (KMI) estimates and forecasts

Figures show that Kinder Morgan Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 38.45% over the past 6 months, with this year growth rate of 11.21%, compared to 5.90% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 9.87% over the past 5 years. Earnings growth for 2024 is a modest 11.54% while over the next 5 years, the company’s earnings are expected to increase by 7.29%.

KMI Dividends

Kinder Morgan Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.14 at a share yield of 4.58%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 6.32%.

Kinder Morgan Inc (NYSE:KMI)’s Major holders

Insiders own 12.81% of the company shares, while shares held by institutions stand at 66.93% with a share float percentage of 76.76%. Investors are also buoyed by the number of investors in a company, with Kinder Morgan Inc having a total of 1768.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 200.45 million shares worth more than $3.98 billion. As of 2024-06-30, VANGUARD GROUP INC held 9.0293% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 156.97 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.12 billion and represent 7.0706% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select . As of Jun 30, 2024 , the former fund manager holds about 2.69% shares in the company for having 59.68 shares of worth $1.48 billion while later fund manager owns 52.58 shares of worth $1.31 billion as of Aug 31, 2024 , which makes it owner of about 2.37% of company’s outstanding stock.