In yesterday’s Wall Street session, Kinder Morgan Inc (NYSE:KMI) shares traded at $24.49, up 1.28% from the previous session.
KMI stock price is now 6.92% away from the 50-day moving average and 22.73% away from the 200-day moving average. The market capitalization of the company currently stands at $53.68B.
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On October 11, 2024, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $23 to quote $27, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, SHAPER C PARK, Director sold 690,142 shares of the company’s stock on Oct 21 ’24. The stock was sold for $17,080,324 at an average price of $24.75. Upon completion of the transaction, the Director now directly owns 6,809,858 shares in the company, valued at $166.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 22 ’24, Director SHAPER C PARK sold 209,858 shares of the business’s stock. A total of $5,183,157 was realized by selling the stock at an average price of $24.70. This leaves the insider owning 6,500,000 shares of the company worth $159.19 million. A total of 12.75% of the company’s stock is owned by insiders.
During the past 12 months, Kinder Morgan Inc has had a low of $16.17 and a high of $25.43. As of last week, the company has a debt-to-equity ratio of 1.05, a current ratio of 0.46, and a quick ratio of 0.35. According to the stock market information, the enterprise value for the company is $87837966336, which is based on a 21.53 price-to-earnings ratio, a 2.95 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for KMI is $22.8414 and a two-hundred day moving average price translates $19.9172 for the stock.
The latest earnings results from Kinder Morgan Inc (NYSE: KMI) was released for 2024-09-30. The net profit margin was 16.76% and return on equity was 8.33% for KMI. The company reported revenue of $3.7 billion for the quarter, compared to $3.91 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.32 percent.
