During the last session, Kinder Morgan Inc (NYSE:KMI)’s traded shares were 14.01 million, with the beta value of the company hitting 0.92. At the end of the trading day, the stock’s price was $24.84, reflecting an intraday gain of 0.85% or $0.21. The 52-week high for the KMI share is $25.43, that puts it down -2.38 from that peak though still a striking 35.95% gain since the share price plummeted to a 52-week low of $15.91. The company’s market capitalization is $55.19B, and the average intraday trading volume over the past 10 days was 13.22 million shares, and the average trade volume was 12.93 million shares over the past three months.
Kinder Morgan Inc (KMI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.27. KMI has a Sell rating from 1 analyst(s) out of 10 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.33.
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Kinder Morgan Inc (NYSE:KMI) trade information
Kinder Morgan Inc (KMI) registered a 0.85% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.85% in intraday trading to $24.84, hitting a weekly high. The stock’s 5-day price performance is 0.28%, and it has moved by 9.96% in 30 days. Based on these gigs, the overall price performance for the year is 54.00%. The short interest in Kinder Morgan Inc (NYSE:KMI) is 45.06 million shares and it means that shorts have 3.26 day(s) to cover.
The consensus price target of analysts on Wall Street is $21, which implies a decrease of -18.29% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $17 and $30.5 respectively. As a result, KMI is trading at a discount of -22.79% off the target high and 31.56% off the low.
Kinder Morgan Inc (KMI) estimates and forecasts
Statistics show that Kinder Morgan Inc has outperformed its competitors in share price, compared to the industry in which it operates. Kinder Morgan Inc (KMI) shares have gone up 36.26% during the last six months, with a year-to-date growth rate more than the industry average at 10.28% against 5.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 22.20% this quarter and then jump 2.90% in the quarter after that. In the rating firms’ projections, revenue will increase 0.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 4.12B as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 4.06B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 3.96B and 3.84B respectively. In this case, analysts expect current quarter sales to grow by 3.80% and then jump by 5.70% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 9.87%. While earnings are projected to return 10.02% in 2024, the next five years will return 7.29% per annum.
KMI Dividends
Kinder Morgan Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Kinder Morgan Inc is 1.14, with the dividend yield indicating at 4.59 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 6.32%.
Kinder Morgan Inc (NYSE:KMI)’s Major holders
Kinder Morgan Inc insiders own 12.80% of total outstanding shares while institutional holders control 67.08%, with the float percentage being 76.93%. VANGUARD GROUP INC is the largest shareholder of the company, while 1774.0 institutions own stock in it. As of 2024-06-30, the company held over 200.45 million shares (or 9.0293% of all shares), a total value of $3.98 billion in shares.
The next largest institutional holding, with 156.97 million shares, is of BLACKROCK INC.’s that is approximately 7.0706% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.12 billion.
