In the last trading session, 9.92 million Kinder Morgan Inc (NYSE:KMI) shares changed hands as the company’s beta touched 0.93. With the company’s per share price at $24.74 changed hands at -$0.21 or -0.84% during last session, the market valuation stood at $54.99B. KMI’s last price was a discount, traded about -2.79% off its 52-week high of $25.43. The share price had its 52-week low at $15.91, which suggests the last value was 35.69% up since then. When we look at Kinder Morgan Inc’s average trading volume, we note the 10-day average is 16.05 million shares, with the 3-month average coming to 13.71 million.
Analysts gave the Kinder Morgan Inc (KMI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.24. If we narrow down to specifics, the data shows that 1 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended KMI as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Kinder Morgan Inc’s EPS for the current quarter is expected to be 0.33.
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Kinder Morgan Inc (NYSE:KMI) trade information
Instantly KMI was in red as seen at the end of in last trading. With action -0.56%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 40.25%, with the 5-day performance at -0.56% in the red. However, in the 30-day time frame, Kinder Morgan Inc (NYSE:KMI) is 13.54% up. Looking at the short shares, we see there were 39.91 million shares sold at short interest cover period of 3.2 days.
The consensus price target for the stock as assigned by Wall Street analysts is 21, meaning bulls need a downside of -17.81% from its current market value. According to analyst projections, KMI’s forecast low is 17 with 30.5 as the target high. To hit the forecast high, the stock’s price needs a -23.28% plunge from its current level, while the stock would need to tank 31.29% for it to hit the projected low.
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 31.46% over the past 6 months, a 10.28% in annual growth rate that is considerably higher than the industry average of 6.40%. Year-over-year growth is forecast to reach 3.00% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 4.15B. 5 analysts are of the opinion that Kinder Morgan Inc’s revenue for the current quarter will be 4.09B. The company’s revenue for the corresponding quarters a year ago was 3.96B and 3.84B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 4.80%. The estimates for the next quarter sales put growth at 6.50%.
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 10.40%, but the outlook for the next 5-year period is at 7.29% per year.
KMI Dividends
Kinder Morgan Inc is expected to release its next quarterly earnings report in November. The 4.61% annual yield figure for the share gives it an annual dividend of 1.14. It is important to note, however, that the 4.61% 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. During the past 5 years, the average dividend yield was 6.32 per year.
Kinder Morgan Inc (NYSE:KMI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 12.81% of Kinder Morgan Inc shares while 67.07% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 76.93%. There are 67.07% institutions holding the Kinder Morgan Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.0293% of the shares, roughly 200.45 million KMI shares worth $3.98 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.0706% or 156.97 million shares worth $3.12 billion as of 2024-06-30.
