The price of Kinder Morgan Inc (NYSE:KMI) shares last traded on Wall Street unchanged to $20.92.
KMI stock price is now 2.98% away from the 50-day moving average and 13.81% away from the 200-day moving average. The market capitalization of the company currently stands at $46.50B.
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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, Dax Sanders, Affiliate bought 53,069 shares of the company’s stock on Aug 13 ’24. The stock was bought for $1,108,081 at an average price of $20.88. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02 ’24, Director Chronis Amy W bought 9,685 shares of the business’s stock. A total of $199,995 was incurred on buying the stock at an average price of $20.65. This leaves the insider owning 21,754 shares of the company worth $0.46 million. A total of 12.82% 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 $21.86. 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 $79685156864, which is based on a 19.11 price-to-earnings ratio, a 2.48 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for KMI is $20.3442 and a two-hundred day moving average price translates $18.4028 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.
