Kinder Morgan Inc (KMI): Street Finally Waking Up

Currently, there are 2.22B common shares owned by the public and among those 1.93B shares have been available to trade.

However, the script later moved the day high at 17.79, up 0.23%. The company’s stock has a 5-day price change of -1.29% and 0.69% over the past three months. KMI shares are trading -0.23% year to date (YTD), with the 12-month market performance up to 6.15% higher. It has a 12-month low price of $15.89 and touched a high of $18.30 over the same period. KMI has an average intraday trading volume of 14.11 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 0.70%, 1.39%, and 2.57% respectively.

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Institutional ownership of Kinder Morgan Inc (NYSE: KMI) shares accounts for 63.93% of the company’s 2.22B shares outstanding.

It has a market capitalization of $39.06B and a beta (3y monthly) value of 0.88. The stock’s trailing 12-month PE ratio is 16.55, while the earnings-per-share (ttm) stands at $1.06. The company has a PEG of 3.12 and a Quick Ratio of 0.28 with the debt-to-equity ratio at 1.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.51% over the week and 1.41% over the month.

Analysts forecast that Kinder Morgan Inc (KMI) will achieve an EPS of $0.34 for the current quarter, $0.26 for the next quarter and $1.27 for 2025. The lowest estimate earnings-per-share for the quarter is $0.31 while analysts give the company a high EPS estimate of $0.39. Comparatively, EPS for the current quarter was $0.3 a year ago. Earnings per share for the fiscal year are expected to increase by 12.81%, and 4.55% over the next financial year. EPS should shrink at an annualized rate of 5.30% over the next five years, compared to 9.87% over the past 5-year period.

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. Wolfe Research was of a view on July 12, 2023 that the stock is Peer Perform, while Scotiabank gave the stock Sector Perform rating on March 02, 2023, issuing a price target of $20. Bernstein on their part issued Outperform rating on March 01, 2023.

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