Investors Heavily Search Kinder Morgan, Inc. (KMI): Here is What You Need to Know
Kinder Morgan (KMI) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Kinder Morgan (KMI) Leverages Carbon Credits in Texas Oilfield
Kinder Morgan (KMI) invests $100 million in a Texas oilfield, leveraging U.S. carbon capture incentives to boost production and recovery using enhanced oil recovery techniques.
The AI Boom Is Powering Gas-Pipeline Stocks
Shares of leading natural-gas-pipeline firms Kinder Morgan, Williams, Enbridge, and Oneok are surging based on expectations that data centers will ramp up electricity consumption.
Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Foundations Investment Advisors LLC
Foundations Investment Advisors LLC lowered its position in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 15.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,706 shares of the pipeline company’s stock after selling 2,928 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Kinder Morgan were worth $267,000 at the end of the most recent quarter. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tucker Asset Management LLC acquired a new stake in Kinder Morgan in the third quarter valued at $25,000. Altshuler Shaham Ltd bought a new position in shares of Kinder Morgan during the fourth quarter worth about $26,000. Activest Wealth Management acquired a new position in Kinder Morgan in the fourth quarter worth about $30,000. Rakuten Securities Inc. bought a new stake in Kinder Morgan in the fourth quarter valued at about $33,000. Finally, EdgeRock Capital LLC acquired a new stake in Kinder Morgan during the fourth quarter valued at approximately $41,000. 62.52% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In Several research analysts have recently commented on the company. Truist Financial reiterated a “hold” rating and issued a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of “Hold” and an average target price of $20.20. Get Our Latest Stock Report on Kinder Morgan Insider Activity at Kinder Morgan In other news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the transaction, the director now owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 12.81% of the stock is owned by insiders. Kinder Morgan Price Performance Shares of KMI opened at $19.70 on Monday. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $19.79. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.38. The stock has a fifty day moving average price of $18.43 and a 200 day moving average price of $17.71. The company has a market cap of $43.72 billion, a P/E ratio of 17.91, a PEG ratio of 5.50 and a beta of 0.89. Kinder Morgan (NYSE:KMI – Get Free Report) last released its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.2 earnings per share for the current year. Kinder Morgan Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 5.84%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, April 29th. Kinder Morgan’s dividend payout ratio is 104.55%. Kinder Morgan Company Profile (Free Report) 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.
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Kinder Morgan (KMI) Up 7.6% Since Last Earnings Report: Can It Continue?
Kinder Morgan (KMI) reported earnings 30 days ago. What's next for the stock?
