BofA Securities has recently resumed Kinder Morgan Inc (KMI) stock to Buy rating, as announced on October 17, 2024, according to Finviz. Earlier, on October 11, 2024, BofA Securities had raised the stock from a Neutral to Buy, setting a price target of $27 for KMI stock. Morgan Stanley also raised rating with a price target of $24. Additionally, Argus raised Buy rating on July 19, 2024, with a target price of $24. Wells Fargo analysts, in their report published on June 4, 2024, also raised Overweight rating and set a price target of $18 for Kinder Morgan Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Kinder Morgan Inc (KMI) Stock Trading Recap
On Thursday, Kinder Morgan Inc (KMI) stock saw a modest uptick, ending the day at $24.99 which represents a slight increase of $0.22 or 0.89% from the prior close of $24.77. The stock opened at $24.9 and touched a low of $24.77 during the day, reaching a high of $25.08. The volume of shares traded was 15.81 million exceeding the average volume of 13.16 million.
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KMI Stock Performance and Moving Averages
In recent trading, Kinder Morgan Inc (KMI) stock price has shown some volatility, fluctuating 0.68% over the last five trades and 13.13% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 32.93%, and it has gained 16.94% in the previous three months. Currently, KMI is trading at 4.38%, 11.49%, and 26.79% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, KMI, a Energy sector stock, is trading -1.73% below its 52-week high but remains 57.07% above its 52-week low. The Average True Range (ATR) (14 days) of 0.43 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Kinder Morgan Inc’s Profitability and Valuation Ratios
Kinder Morgan Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 28.59% and a profit margin of 16.76%, with a gross margin of 32.93%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Kinder Morgan Inc’s market capitalization stands at $55.52 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 21.97, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 20. Additionally, the Price-to-Sales Ratio is 3.68, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.83, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 12.79% of Kinder Morgan Inc (KMI)’s shares, while financial institutions hold 66.38%.
Notable insider trades include SHAPER C PARK, Director at Kinder Morgan Inc (KMI), who sold 690142 shares on Oct 21 ’24, at $24.75 each, totaling $17.08 million. On Oct 22 ’24, SHAPER C PARK, Director, sold 209858 shares for $24.7 each, amounting to $5.18 million. Additionally, on Aug 14 ’24, Sanders Dax sold 51340 shares at $21 each, generating $1.08 million.
