Why Should You Put Kinder Morgan Inc (NYSE: KMI) On Your Portfolio?

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 1.01% and 14.19% over the past three months. KMI shares are trading 41.44% year to date (YTD), with the 12-month market performance up to 45.57% higher. It has a 12-month low price of $15.91 and touched a high of $25.43 over the same period. KMI has an average intraday trading volume of 14.15 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 6.69%, 12.87%, and 27.47% respectively.

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Institutional ownership of Kinder Morgan Inc (NYSE: KMI) shares accounts for 66.34% of the company’s 2.22B shares outstanding.

It has a market capitalization of $55.46B and a beta (3y monthly) value of 0.92. The stock’s trailing 12-month PE ratio is 21.93, while the earnings-per-share (ttm) stands at $1.14. The company has a PEG of 3.01 and a Quick Ratio of 0.35 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 2.10% over the week and 1.96% over the month.

Earnings per share for the fiscal year are expected to increase by 10.40%, and 5.68% over the next financial year. EPS should shrink at an annualized rate of 7.29% 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. BofA Securities stated their Buy rating for the stock in a research note on October 17, 2024, with the firm’s price target at $27. BofA Securities coverage for the Kinder Morgan Inc (KMI) stock in a research note released on October 11, 2024 offered a Buy rating with a price target of $27. Morgan Stanley was of a view on September 16, 2024 that the stock is Equal-Weight, while Argus gave the stock Buy rating on July 19, 2024, issuing a price target of $24. Wells Fargo on their part issued Overweight rating on June 04, 2024.

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