Kinder Morgan Inc. [NYSE: KMI] loss -3.86% on the last trading session, reaching $14.70 price per share at the time. The company report on February 23, 2021 that Kinder Morgan and Brookfield Infrastructure Announce Minority Interest Sale in Natural Gas Pipeline Company of America LLC.
Kinder Morgan, Inc. (NYSE: KMI) and Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN) (Brookfield Infrastructure) jointly announced that they have agreed to sell a 25% minority interest in Natural Gas Pipeline Company of America LLC (NGPL) to a fund controlled by ArcLight Capital Partners, LLC (ArcLight) for $830 million. The proceeds will be shared equally between KMI and Brookfield Infrastructure. The value of the minority interest implies an enterprise value of approximately $5.2 billion for NGPL, which is approximately 11.2 times 2020 EBITDA. Upon closing, KMI and Brookfield Infrastructure will each hold a 37.5% interest in NGPL, and KMI will continue to operate the pipeline.
“Kinder Morgan and Brookfield Infrastructure are pleased to welcome ArcLight into the NGPL joint venture,” said Kinder Morgan Natural Gas Pipelines President Tom Martin. “We believe this investment shows the value of natural gas infrastructure both and in the decades to come.”.
Kinder Morgan Inc. represents 2.26 billion in outstanding shares, while the company has a total market value of $34.61 billion with the latest information. KMI stock price has been found in the range of $14.615 to $15.20.
If compared to the average trading volume of 18.35M shares, KMI reached a trading volume of 24166472 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Kinder Morgan Inc. [KMI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KMI shares is $16.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KMI stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Kinder Morgan Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on January 12, 2021. The new note on the price target was released on January 11, 2021, representing the official price target for Kinder Morgan Inc. stock.
The Average True Range (ATR) for Kinder Morgan Inc. is set at 0.45, with the Price to Sales ratio for KMI stock in the period of the last 12 months amounting to 2.96. The Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 0.50. Price to Free Cash Flow for KMI in the course of the last twelve months was 71.95 with Quick ratio for the last quarter at 0.60.
Trading performance analysis for KMI stock
Kinder Morgan Inc. [KMI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.74. With this latest performance, KMI shares dropped by -0.81% in over the last four-week period, additionally plugging by 7.06% over the last 6 months – not to mention a drop of -24.69% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KMI stock in for the last two-week period is set at 47.86, with the RSI for the last a single of trading hit 44.62, and the three-weeks RSI is set at 49.67 for Kinder Morgan Inc. [KMI]. The present Moving Average for the last 50 days of trading for this stock 14.62, while it was recorded at 15.23 for the last single week of trading, and 14.22 for the last 200 days.
Kinder Morgan Inc. [KMI]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Kinder Morgan Inc. [KMI] shares currently have an operating margin of +28.29 and a Gross Margin at +37.32. Kinder Morgan Inc.’s Net Margin is presently recorded at +0.92.
Return on Total Capital for KMI is now 4.73, given the latest momentum, and Return on Invested Capital for the company is 0.16. Return on Equity for this stock inclined to 0.33, with Return on Assets sitting at 0.14. When it comes to the capital structure of this company, Kinder Morgan Inc. [KMI] has a Total Debt to Total Equity ratio set at 111.31. Additionally, KMI Total Debt to Total Capital is recorded at 52.68, with Total Debt to Total Assets ending up at 47.60. Long-Term Debt to Equity for the company is recorded at 103.05, with the Long-Term Debt to Total Capital now at 48.77.
Reflecting on the efficiency of the workforce at the company, Kinder Morgan Inc. [KMI] managed to generate an average of $10,072 per employee. Receivables Turnover for the company is 8.62 with a Total Asset Turnover recorded at a value of 0.15.Kinder Morgan Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.
Kinder Morgan Inc. [KMI]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Kinder Morgan Inc. posted 0.24/share EPS, while the average EPS was predicted by analysts to be reported at 0.27/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -11.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KMI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Kinder Morgan Inc. go to 1.14%.
An analysis of insider ownership at Kinder Morgan Inc. [KMI]
There are presently around $20,407 million, or 62.60% of KMI stock, in the hands of institutional investors. The top three institutional holders of KMI stocks are: VANGUARD GROUP INC with ownership of 164,471,379, which is approximately -2.681% of the company’s market cap and around 13.80% of the total institutional ownership; BLACKROCK INC., holding 150,555,310 shares of the stock with an approximate value of $2.21 billion in KMI stocks shares; and STATE STREET CORP, currently with $1.71 billion in KMI stock with ownership of nearly 5.789% of the company’s market capitalization.
Positions in Kinder Morgan Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 539 institutional holders increased their position in Kinder Morgan Inc. [NYSE:KMI] by around 112,910,759 shares. Additionally, 591 investors decreased positions by around 117,767,448 shares, while 107 investors held positions by with 1,157,532,398 shares. The mentioned changes placed institutional holdings at 1,388,210,605 shares, according to the latest SEC report filing. KMI stock had 156 new institutional investments in for a total of 20,522,859 shares, while 96 institutional investors sold positions of 13,495,516 shares during the same period.