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Why Kinder Morgan Inc (KMI) Stock Could See Much Higher Prices Ahead

Kinder Morgan Inc (NYSE: KMI) is 11.90% higher on its value in year-to-date trading and has touched a low of $15.89 and a high of $19.89 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 $19.84 in the last trading session, with the day’s loss setting it -0.1%.

Currently trading at $19.74, the stock is 4.25% and 6.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.23 million and changing -0.50% at the moment leaves the stock 12.94% off its SMA200. KMI registered 19.49% gain for a year compared to 6-month gain of 16.39%.

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The stock witnessed a 4.89% loss in the last 1 month and extending the period to 3 months gives it a 13.32%, and is 1.70% 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 1.17% over the week and 1.31% over the month.

Kinder Morgan Inc (KMI) has around 10891 employees, a market worth around $43.81B and $15.14B in sales. Current P/E ratio is 17.99 and Fwd P/E is 15.84. Profit margin for the company is 16.14%. Distance from 52-week low is 24.23% and -0.75% from its 52-week high. The company has generated returns on investments over the last 12 months (4.04%).

with sales reaching $4.12B over the same period.The EPS is expected to grow by 12.22% this year, but quarterly earnings will post 11.70% year-over-year.

Kinder Morgan Inc (KMI) Top Institutional Holders

The shares outstanding are 2.22B, and float is at 1.94B with Short Float at 2.27%.

Kinder Morgan Inc (KMI) Insider Activity

The most recent transaction is an insider sale by MORGAN MICHAEL C,the company’sDirector. SEC filings show that MORGAN MICHAEL C sold 230,000 shares of the company’s common stock on Apr 22 ’24 at a price of $18.82 per share for a total of $4.33 million. Following the sale, the insider now owns 0.35 million shares.

Kinder Morgan Inc disclosed in a document filed with the SEC on Jan 03 ’24 that Schlosser John W (V.P. (President, Terminals)) sold a total of 7,500 shares of the company’s common stock. The trade occurred on Jan 03 ’24 and was made at $18.00 per share for $0.14 million. Following the transaction, the insider now directly holds 3219.0 shares of the KMI stock.

Still, SEC filings show that on Dec 08 ’23, Sanders Dax (VP (Pres., Products Pipelines)) disposed off 50,000 shares at an average price of $17.63 for $0.88 million. The insider now directly holds 309,069 shares of Kinder Morgan Inc (KMI).

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