KMI Stock Summary and Trading Ideas (Kinder Morgan | NYSE:KMI)

Kinder Morgan is one of the largest midstream energy firms in North America, with an interest in or an operator on about 82,000 miles in pipelines and 139 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.

Kinder Morgan trades on the NYSE stock market under the symbol KMI.

As of April 23, 2024, KMI stock price declined to $18.76 with 12,205,992 million shares trading.

KMI has a beta of 0.47, meaning it tends to be less sensitive to market movements. KMI has a correlation of 0.11 to the broad based SPY ETF.

KMI has a market cap of $41.64 billion. This is considered a Large Cap stock.

Last quarter Kinder Morgan reported $4 billion in Revenue and $.34 earnings per share. This fell short of revenue expectation by $-508 million and met earnings estimates .

In the last 3 years, KMI stock traded as high as $20.20 and as low as $15.01.

The top ETF exchange traded funds that KMI belongs to (by Net Assets): VTI, VOO, XLE, SPY, VO.

KMI stock has underperformed the market in the last year with a return of +14.5%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in KMI shares. However, KMI has outperformed the market in the last 3 month and 2 week periods, returning +11.0% and +2.2%, while SPY returned +4.9% and -2.5%, respectively. This indicates KMI has been having a stronger performance recently.

KMI support price is $18.61 and resistance is $19.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KMI stock will trade within this expected range on the day.