Managed Account Advisors LLC recently announced the acquisition of new stake in Kinder Morgan Inc (NYSE:KMI). The institutional investor has increased its shareholding in the Energy company by 3.19% to 38.5 million shares with purchase of 1.19 million shares. This fresh investment now brings its stake to 1.73% valued currently at $676.37 million. In addition, Geode Capital Management LLC raised its holdings by 0.21 million to 38.48 million shares. And Charles Schwab Investment Managem has lifted its position by 0.29% or 87516.0 shares – to 29.87 million shares.
With over 11.91 million Kinder Morgan Inc (KMI) shares trading Friday and a closing price of $18.02 on the day, the dollar volume was approximately $214.71 million. The shares have shown a positive half year performance of 6.50% and its price on 01/05/24 gained nearly 0.39%. Currently, there are 2.25B common shares owned by the public and among those 1.94B shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 22 analysts who have offered their price forecasts for KMI have a consensus price objective of $20.49. The analysts have set the share’s price value over the next 12 months at a high of $23.00 and a low of $17.00. The average price target is 12.05% above its recent price level and a downside to the estimated low will see the stock lose -6.0% over that period. But an upside of 21.65% will see the stock hit the forecast high price target while median target price for the stock is $20.50.
Insiders at the company have transacted a total of 35 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 2,131,762 shares. Insider sales of the common stock occurred on 19 occasions, with total insider shares sold totaling 928,191 shares.
The top 3 mutual fund holders in Kinder Morgan Inc are Vanguard Total Stock Market ETF, SPDR Series – Energy Select Secto, and Vanguard 500 Index Fund. Vanguard Total Stock Market ETF owns 59.32 million shares of the company’s stock, all valued at over $1.04 billion. The company bought an additional 0.11 million shares recently to bring their total holdings to about 2.67% of the shares outstanding. SPDR Series – Energy Select Secto sold -0.6 million shares to see its total holdings shrink to 54.58 million shares valued at over $959.01 million and representing 2.46% of the shares outstanding. Vanguard 500 Index Fund bought 0.21 million shares to bring its total holdings to over 46.82 million shares at a value of $822.64 million. Vanguard 500 Index Fund now owns shares totaling to 2.11% of the shares outstanding.
Shares of Kinder Morgan Inc (NYSE: KMI) opened at $18.02, up $0.07 from a prior closing price of $17.95. However, the script later moved the day high at 18.11, up 0.39%. The company’s stock has a 5-day price change of 1.87% and 11.51% over the past three months. KMI shares are trading 2.15% year to date (YTD), with the 12-month market performance down to -1.15% lower. It has a 12-month low price of $15.89 and touched a high of $19.09 over the same period. KMI has an average intraday trading volume of 13.75 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.09%, 4.80%, and 5.41% respectively.
Institutional ownership of Kinder Morgan Inc (NYSE: KMI) shares accounts for 63.32% of the company’s 2.25B shares outstanding. Mutual fund holders own 31.89%, while other institutional holders and individual stakeholders account for 32.18% and 15.77% respectively.
It has a market capitalization of $40.05B and a beta (3y monthly) value of 0.88. The stock’s trailing 12-month PE ratio is 16.48, while the earnings-per-share (ttm) stands at $1.09. The company has a PEG of 54.93 and a Quick Ratio of 0.30 with the debt-to-equity ratio at 1.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.48% over the week and 1.54% over the month.
Analysts forecast that Kinder Morgan Inc (KMI) will achieve an EPS of $0.3 for the current quarter, $0.32 for the next quarter and $1.21 for 2024. The lowest estimate earnings-per-share for the quarter is $0.26 while analysts give the company a high EPS estimate of $0.34. Comparatively, EPS for the current quarter was $0.31 a year ago. Earnings per share for the fiscal year are expected to decrease by -5.62%, and 9.91% over the next financial year. EPS should shrink at an annualized rate of 0.30% over the next five years, compared to 157.59% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 22 brokerage firm advisors rate Kinder Morgan Inc (KMI) as a “Moderate Buy” at a consensus score of 2.41. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 11 of the 22 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the KMI, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on October 06, 2023, with the firm’s price target at $20.
