Uncovering Institutional Buying In Kinder Morgan Inc (NYSE: KMI)

Currently, there are 2.22B common shares owned by the public and among those 1.94B shares have been available to trade.

The company’s stock has a 5-day price change of -0.56% and 13.67% over the past three months. KMI shares are trading 21.15% year to date (YTD), with the 12-month market performance up to 19.05% higher. It has a 12-month low price of $15.89 and touched a high of $21.86 over the same period. KMI has an average intraday trading volume of 14.09 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 4.65%, 7.24%, and 17.78% respectively.

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Institutional ownership of Kinder Morgan Inc (NYSE: KMI) shares accounts for 65.52% of the company’s 2.22B shares outstanding.

It has a market capitalization of $47.50B and a beta (3y monthly) value of 0.91. The stock’s trailing 12-month PE ratio is 19.52, while the earnings-per-share (ttm) stands at $1.09. The company has a PEG of 2.69 and a Quick Ratio of 0.28 with the debt-to-equity ratio at 1.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.69% over the week and 1.73% over the month.

Earnings per share for the fiscal year are expected to increase by 12.41%, and 4.24% over the next financial year. EPS should shrink at an annualized rate of 7.25% 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. Argus stated their Buy rating for the stock in a research note on July 19, 2024, with the firm’s price target at $24. Wells Fargo coverage for the Kinder Morgan Inc (KMI) stock in a research note released on June 04, 2024 offered a Overweight rating with a price target of $22. Truist was of a view on March 25, 2024 that the stock is Hold, while Goldman gave the stock Buy rating on October 06, 2023, issuing a price target of $20. Pickering Energy Partners on their part issued Neutral rating on October 03, 2023.

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