Kinder Morgan Inc. [NYSE: KMI] loss -1.22% or -0.22 points to close at $17.77 with a heavy trading volume of 18451296 shares. The company report on October 19, 2022 that Kinder Morgan Reports Third Quarter Earnings Per Share up 14% and Distributable Cash Flow Per Share up 11% Versus the Third Quarter Of 2021.
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Kinder Morgan, Inc.’s (NYSE: KMI) board of directors today approved a cash dividend of $0.2775 per share for the third quarter ($1.11 annualized), payable on November 15, 2022, to stockholders of record as of the close of business on October 31, 2022. This dividend is a 3% increase over the third quarter of 2021.
The company is reporting third quarter net income attributable to KMI of $576 million, compared to net income attributable to KMI of $495 million in the third quarter of 2021; and distributable cash flow (DCF) of $1,122 million, compared to $1,013 million in the third quarter of 2021. Adjusted Earnings were $575 million for the quarter, versus $505 million in the third quarter of 2021.
It opened the trading session at $17.83, the shares rose to $17.89 and dropped to $17.50, the range by which the price of stock traded the whole day. The daily chart for KMI points out that the company has recorded -2.09% loss over the past six months. However, it is still -18.39% lower than its most recent low trading price.
If we look at the average trading volume of 17.94M shares, KMI reached to a volume of 18451296 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 $19.82 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 0.53, with the Price to Sales ratio for KMI stock in the period of the last 12 months amounting to 2.12. The Price to Book ratio for the last quarter was 1.30, with the Price to Cash per share for the same quarter was set at 0.21. Price to Free Cash Flow for KMI in the course of the last twelve months was 49.98 with Quick ratio for the last quarter at 0.50.
Trading performance analysis for KMI stock
Kinder Morgan Inc. [KMI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.43. With this latest performance, KMI shares gained by 6.28% in over the last four-week period, additionally sinking by -2.09% over the last 6 months – not to mention a rise of 2.42% 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 52.99, with the RSI for the last a single of trading hit 54.78, and the three-weeks RSI is set at 51.69 for Kinder Morgan Inc. [KMI]. The present Moving Average for the last 50 days of trading for this stock 17.77, while it was recorded at 17.66 for the last single week of trading, and 18.01 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 +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 0.50 and a Current Ratio set at 0.60.
Kinder Morgan Inc. [KMI]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at Kinder Morgan Inc. [KMI]
There are presently around $24,697 million, or 63.30% 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 $2.94 billion in KMI stocks shares; and STATE STREET CORP, currently with $2.48 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 November and at the time of the November reporting period, where 710 institutional holders increased their position in Kinder Morgan Inc. [NYSE:KMI] by around 104,177,591 shares. Additionally, 510 investors decreased positions by around 73,245,430 shares, while 187 investors held positions by with 1,212,367,427 shares. The mentioned changes placed institutional holdings at 1,389,790,448 shares, according to the latest SEC report filing. KMI stock had 111 new institutional investments in for a total of 21,866,819 shares, while 90 institutional investors sold positions of 19,275,683 shares during the same period.