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


Kinder Morgan Inc (NYSE: KMI) is 4.37% higher on its value in year-to-date trading and has touched a low of $15.89 and a high of $18.43 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KMI stock was last observed hovering at around $18.34 in the last trading session, with the day’s gains setting it 0.07%.

Currently trading at $18.41, the stock is 3.03% and 6.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.72 million and changing 0.38% at the moment leaves the stock 6.90% off its SMA200. KMI registered 6.72% gain for a year compared to 6-month gain of 10.44%. The firm has a 50-day simple moving average (SMA 50) of $4.75 and a 200-day simple moving average (SMA200) of $11.21.

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The stock witnessed a 5.87% loss in the last 1 month and extending the period to 3 months gives it a 4.07%, and is 1.94% up 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 1.37% over the week and 1.31% over the month.

Kinder Morgan Inc (KMI) has around 10891 employees, a market worth around $40.86B and $14.97B in sales. Current P/E ratio is 17.31 and Fwd P/E is 14.56. Profit margin for the company is 15.87%. Distance from 52-week low is 15.86% and -0.11% from its 52-week high. The company has generated returns on investments over the last 12 months (4.05%).

Kinder Morgan Inc quarterly earnings per share for the current quarter are estimated at $0.34 with sales reaching $4.47B over the same period.The EPS is expected to grow by 13.01% this year, but quarterly earnings will post 16.90% year-over-year. Quarterly sales are estimated to grow 14.90% in year-over-year returns.

Kinder Morgan Inc (KMI) Top Institutional Holders

1,764 institutions hold shares in Kinder Morgan Inc (KMI), with institutional investors hold 73.84% of the company’s shares. The shares outstanding are 2.22B, and float is at 1.93B with Short Float at 1.77%. Institutions hold 64.42% 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

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 ’24 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 ’23 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 ’23 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 ’23, 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).

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