The stock of Kinder Morgan Inc (NYSE:KMI) last traded at $24.88, up 0.73% from the previous session.
KMI stock price is now 14.30% away from the 50-day moving average and 28.03% away from the 200-day moving average. The market capitalization of the company currently stands at $55.30B.
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With the price target enhanced from $23 to $27, BofA Securities Upgraded its rating from Neutral to Buy for Kinder Morgan Inc (NYSE: KMI). On September 16, 2024, Morgan Stanley Upgraded its previous ‘Underweight’ rating to ‘Equal-Weight’ on the stock keeping its target price maintained at $24, while ‘Argus’ rates the stock as ‘Buy’
In other news, Sanders Dax, VP (Pres., Products Pipelines) sold 51,340 shares of the company’s stock on Aug 14 ’24. The stock was sold for $1,078,155 at an average price of $21.00. Upon completion of the transaction, the VP (Pres., Products Pipelines) now directly owns 256,069 shares in the company, valued at $6.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 13 ’24, VP (Pres., Products Pipelines) Sanders Dax sold 1,729 shares of the business’s stock. A total of $36,309 was realized by selling the stock at an average price of $21.00. This leaves the insider owning 307,409 shares of the company worth $7.65 million. A total of 12.79% of the company’s stock is owned by insiders.
During the past 12 months, Kinder Morgan Inc has had a low of $15.91 and a high of $24.70. 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 $88474230784, which is based on a 22.72 price-to-earnings ratio, a 3.12 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for KMI is $21.7674 and a two-hundred day moving average price translates $19.43275 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.
