In yesterday’s Wall Street session, Kinder Morgan Inc (NYSE:KMI) shares traded at $19.59, down -0.86% from the previous session.
KMI stock price is now 3.34% away from the 50-day moving average and 10.95% away from the 200-day moving average. The market capitalization of the company currently stands at $43.48B.
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With the price target enhanced from $18 to $22, Wells Fargo Upgraded its rating from Equal Weight to Overweight for Kinder Morgan Inc (NYSE: KMI). On March 25, 2024, Truist Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $22 to quote $20, while ‘Goldman’ rates the stock as ‘Buy’
In other news, Sanders Dax, VP (Pres., Products Pipelines) sold 50,000 shares of the company’s stock on May 21 ’24. The stock was sold for $987,515 at an average price of $19.75. Upon completion of the transaction, the VP (Pres., Products Pipelines) now directly owns 259,069 shares in the company, valued at $5.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 22 ’24, Director MORGAN MICHAEL C sold 230,000 shares of the business’s stock. A total of $4,328,600 was realized by selling the stock at an average price of $18.82. This leaves the insider owning 345,087 shares of the company worth $6.76 million. A total of 12.81% of the company’s stock is owned by insiders.
During the past 12 months, Kinder Morgan Inc has had a low of $15.89 and a high of $20.07. As of last week, the company has a debt-to-equity ratio of 1.06, a current ratio of 0.50, and a quick ratio of 0.38. According to the stock market information, the enterprise value for the company is $76875743232, which is based on a 17.85 price-to-earnings ratio, a 3.37 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for KMI is $18.98 and a two-hundred day moving average price translates $17.66705 for the stock.
The latest earnings results from Kinder Morgan Inc (NYSE: KMI) was released for 2024-03-31. The net profit margin was 16.14% and return on equity was 7.99% for KMI. The company reported revenue of $3.84 billion for the quarter, compared to $3.89 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.18 percent.
Kinder Morgan Inc(KMI) Company Profile
Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities. The Products Pipelines segment owns and operates refined petroleum products, and crude oil and condensate pipelines; and associated product terminals and petroleum pipeline transmix facilities. The Terminals segment owns and/or operates liquids and bulk terminals that stores and handles various commodities, including gasoline, diesel fuel, renewable fuel and feedstocks, chemicals, ethanol, metals, and petroleum coke; and owns tankers. The CO2 segment produces, transports, and markets CO2 to recovery and production crude oil from mature oil fields; owns interests in/or operates oil fields and gasoline processing plants; and operates a crude oil pipeline system in West Texas, as well as owns and operates RNG and LNG facilities. It owns and operates approximately 82,000 miles of pipelines and 139 terminals. The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in February 2011. Kinder Morgan, Inc. was founded in 1997 and is headquartered in Houston, Texas.
