Momentum Is Strong For Kinder Morgan Inc (NYSE: KMI)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Kinder Morgan to Hold 2024 Investor Day.

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Stocks Info

This NYSE-listed company operates within the Oil & Gas Midstream industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $16.92 and fluctuated between $17.25 as its day high and $16.90 as its day low. The current market capitalization of Kinder Morgan Inc is $37.61B. A total of 16.55 million shares were traded on the day, compared to an average of 14.31M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, KMI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 12 BUYs and 17 SELLs from insiders. Insiders purchased 1,716,384 shares during that period but sold 767,654.

In the most recent transaction, Schlosser John W sold 7,500 shares of KMI for 18.00 per share on Jan 03. After the transaction, the V.P. (President, Terminals) now owns 3,219 company shares. In a previous transaction on Dec 08, Sanders Dax sold 50,000 shares at 17.63 per share. KMI shares that VP (Pres., Products Pipelines) owns now total 309,069.

Among the insiders who sold shares, Mathews Denise R disposed of 30,000 shares on Dec 06 at a per-share price of $17.55. This resulted in the VP and Chief Admin. Officer holding 79,217 shares of KMI after the transaction. In another insider transaction, Mody Sital K sold 55,849 shares at $17.36 per share on Aug 04. Company shares held by the V.P. (Pres.,Nat Gas Pipelines) now total 0.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Kinder Morgan Inc pays an annual dividend of $1.15, resulting in a dividend yield of 6.81%, and it has a price to earnings (P/E) ratio of 15.89. KMI’s most recent ex-dividend date was 1/30/2024 when it declared a $0.2825 quarterly dividend that was paid in cash on 2/15/2024. Previously, the company paid the dividend on 11/15/2023 with an ex-dividend date of 10/30/2023. The KMI stock dividend was $0.2825 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for KMI in the last 3 months, the mean price target is $20.54 with high estimates of $23.00 and low estimates of $17.00. In terms of 52-week highs and lows, KMI has a high of $18.64 and a low of $15.89.

As of this writing, KMI has an earnings estimate of $Kimberly-Clark Corporation per share for the current quarter. EPS was calculated based on a consensus of Kinder Morgan, Inc. estimates, with a high estimate of $CarMax Inc per share and a lower estimate of $Cummins Inc.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. KMI’s latest balance sheet shows that the firm has $1.14B in Cash & Short Term Investments as of fiscal 2021. There were $33.32B in debt and $5.82B in liabilities at the time. Its Book Value Per Share was $13.58, while its Total Shareholder’s Equity was $31.92B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KMI is Buy with a score of 3.56.

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