Kinder Morgan Inc. [NYSE: KMI] stock went on a downward path that fall over -0.86% on Friday, amounting to a one-week price increase of more than 3.61%. The company report on September 27, 2022 that Kinder Morgan Announces Sale of Equity Interests in Elba Liquefaction Company.
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Kinder Morgan, Inc. (NYSE: KMI) today announced that it has closed on the sale of a 25.5% equity interest out of its membership interest in Elba Liquefaction Company, L.L.C. (ELC) to an undisclosed financial buyer for approximately $565 million, subject to customary purchase price adjustments to reflect an economic effective date of July 1, 2022. These proceeds will reduce short-term debt and create additional capacity for attractive investments, including opportunistic share repurchases. The value of the equity interest implies an enterprise value of approximately $2.3 billion for ELC, which is approximately 13 times 2022E EBITDA. Upon closing, KMI and the undisclosed financial buyer will each hold a 25.5% interest and Blackstone Credit will continue to hold a 49% interest in ELC. Bracewell LLP served as legal advisor to KMI for this transaction. The ELC joint venture was formed in 2017 to construct and own the 10 modular liquefaction units in operation at Elba Island. KMI will continue to operate the facility.
“We are pleased to welcome a new partner into the ELC joint venture,” said KMI’s Interstate Natural Gas President Kimberly Watson. “Recent geopolitical events have proven how critical liquefied natural gas (LNG) infrastructure is to meeting global energy demand. We believe this investment further shows the value of LNG and demonstrates the important role it will play for decades to come.”.
Over the last 12 months, KMI stock rose by 1.77%. The one-year Kinder Morgan Inc. stock forecast points to a potential upside of 15.86. The average equity rating for KMI stock is currently 2.90, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $39.36 billion, with 2.27 billion shares outstanding and 1.99 billion shares in the current float. Compared to the average trading volume of 16.47M shares, KMI stock reached a trading volume of 16660183 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $20.49 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 2.90. 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.
Goldman have made an estimate for Kinder Morgan Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 08, 2022. While these analysts kept the previous recommendation, Truist raised their target price to Buy. The new note on the price target was released on May 02, 2022, representing the official price target for Kinder Morgan Inc. stock. Previously, the target price had yet another raise to $21, while Wells Fargo analysts kept a Equal Weight rating on KMI stock.
The Average True Range (ATR) for Kinder Morgan Inc. is set at 0.50, with the Price to Sales ratio for KMI stock in the period of the last 12 months amounting to 2.22. The Price to Book ratio for the last quarter was 1.28, with the Price to Cash per share for the same quarter was set at 0.04. Price to Free Cash Flow for KMI in the course of the last twelve months was 37.42 with Quick ratio for the last quarter at 0.40.
KMI Stock Performance Analysis:
Kinder Morgan Inc. [KMI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.61. With this latest performance, KMI shares dropped by -4.38% in over the last four-week period, additionally sinking by -10.53% over the last 6 months – not to mention a rise of 1.77% 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 46.34, with the RSI for the last a single of trading hit 47.62, and the three-weeks RSI is set at 46.23 for Kinder Morgan Inc. [KMI]. The present Moving Average for the last 50 days of trading for this stock 17.97, while it was recorded at 17.42 for the last single week of trading, and 17.94 for the last 200 days.
Insight into Kinder Morgan Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Kinder Morgan Inc. [KMI] shares currently have an operating margin of +30.14 and a Gross Margin at +36.30. Kinder Morgan Inc.’s Net Margin is presently recorded at +10.10.
Return on Equity for this stock inclined to 5.69, with Return on Assets sitting at 2.43.
Kinder Morgan Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.50.
KMI Stock EPS
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 -2.64%.
Kinder Morgan Inc. [KMI] Insider Position Details
There are presently around $23,979 million, or 63.00% of KMI stock, in the hands of institutional investors. The top three institutional holders of KMI stocks are: VANGUARD GROUP INC with ownership of 172,921,377, which is approximately 0.247% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 165,279,824 shares of the stock with an approximate value of $2.85 billion in KMI stocks shares; and STATE STREET CORP, currently with $2.41 billion in KMI stock with ownership of nearly -1.757% of the company’s market capitalization.
Positions in Kinder Morgan Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 698 institutional holders increased their position in Kinder Morgan Inc. [NYSE:KMI] by around 108,313,361 shares. Additionally, 510 investors decreased positions by around 74,090,214 shares, while 188 investors held positions by with 1,208,482,634 shares. The mentioned changes placed institutional holdings at 1,390,886,209 shares, according to the latest SEC report filing. KMI stock had 112 new institutional investments in for a total of 23,212,684 shares, while 90 institutional investors sold positions of 19,161,023 shares during the same period.