Kinder Morgan Inc (KMI) Stock Could Soon Reward Patient Investors

Kinder Morgan Inc (NYSE: KMI) is -5.84% lower on its value in year-to-date trading and has touched a low of $15.89 and a high of $18.51 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KMI stock was last observed hovering at around $16.63 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $16.61, the stock is -3.35% and -5.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.32 million and changing -0.12% at the moment leaves the stock -2.79% off its SMA200. KMI registered -8.84% loss for a year compared to 6-month gain of -5.30%. The firm has a 50-day simple moving average (SMA 50) of $4.42 and a 200-day simple moving average (SMA200) of $15.97.

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The stock witnessed a -7.47% loss in the last 1 month and extending the period to 3 months gives it a 1.65%, and is -2.06% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.16% over the week and 1.52% over the month.

Kinder Morgan Inc (KMI) has around Jan 30 2024 employees, a market worth around $36.92B and $15.04B in sales. Current P/E ratio is 15.60 and Fwd P/E is 13.16. Profit margin for the company is 15.82%. Distance from 52-week low is 4.53% and -10.26% from its 52-week high. The company has generated returns on investments over the last 12 months (4.08%).

Kinder Morgan Inc quarterly earnings per share for the current quarter are estimated at $0.35 with sales reaching $4.49B over the same period.The EPS is expected to grow by 13.80% this year, but quarterly earnings will post 12.50% year-over-year. Quarterly sales are estimated to grow 15.50% in year-over-year returns.

Kinder Morgan Inc (KMI) Top Institutional Holders

1,724 institutions hold shares in Kinder Morgan Inc (KMI), with institutional investors hold 73.65% of the company’s shares. The shares outstanding are 2.25B, and float is at 1.94B with Short Float at 1.63%. Institutions hold 64.28% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 173.46 million shares valued at $2.99 billion. The investor’s holdings represent 7.78% of the KMI Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 156.36 million shares valued at $2.69 billion to account for 7.02% of the shares outstanding. The other top investors are State Street Corporation which holds 131.09 million shares representing 5.88% and valued at over $2.26 billion, while Bank of America Corporation holds 2.79% of the shares totaling 62.22 million with a market value of $1.07 billion.

Kinder Morgan Inc (KMI) Insider Activity

A total of 0 insider transactions have happened at Kinder Morgan Inc (KMI) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Schlosser John W ,the company’sV.P. (President, Terminals). SEC filings show that Schlosser John W sold 7,500 shares of the company’s common stock on Jan 03 at a price of $18.00 per share for a total of $0.14 million. Following the sale, the insider now owns 3219.0 shares.

Kinder Morgan Inc disclosed in a document filed with the SEC on Dec 08 that Sanders Dax (VP (Pres., Products Pipelines)) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Dec 08 and was made at $17.63 per share for $0.88 million. Following the transaction, the insider now directly holds 0.31 million shares of the KMI stock.

Still, SEC filings show that on Dec 06, Mathews Denise R (VP and Chief Admin. Officer) disposed off 30,000 shares at an average price of $17.55 for $0.53 million. The insider now directly holds 79,217 shares of Kinder Morgan Inc (KMI).

Kinder Morgan Inc (KMI): Who are the competitors?

The company’s main competitors (and peers) include Enbridge Inc. (ENB) that is trading -16.31% down over the past 12 months. Enterprise Products Partners L.P. (EPD) that is -0.57% lower over the same period.