Stocks of Kinder Morgan Inc (NYSE:KMI) traded higher last session on Wall Street, up 1.68% to $21.85.
KMI stock price is now 10.71% away from the 50-day moving average and 21.13% away from the 200-day moving average. The market capitalization of the company currently stands at $48.49B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $24, Argus recently Upgraded its rating from Hold to Buy for Kinder Morgan Inc (NYSE: KMI). On June 04, 2024, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $18 to quote $22, while ‘Truist’ rates the stock as ‘Hold’
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 $5.66 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 $7.54 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 $21.79. As of last week, the company has a debt-to-equity ratio of 1.05, a current ratio of 0.37, and a quick ratio of 0.28. According to the stock market information, the enterprise value for the company is $81749254144, which is based on a 19.96 price-to-earnings ratio, a 3.63 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for KMI is $19.7964 and a two-hundred day moving average price translates $18.0668 for the stock.
The latest earnings results from Kinder Morgan Inc (NYSE: KMI) was released for 2024-06-30. The net profit margin was 15.89% and return on equity was 7.99% for KMI. The company reported revenue of $3.57 billion for the quarter, compared to $3.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.03 percent.
