KMI

Wells Fargo Upgrades Kinder Morgan (KMI)

Fintel reports that on June 4, 2024, Wells Fargo upgraded their outlook for Kinder Morgan (NYSE:KMI) from Equal-Weight to Overweight.

Analyst Price Forecast Suggests 6.68% Upside

As of June 1, 2024, the average one-year price target for Kinder Morgan is 20.97. The forecasts range from a low of 18.18 to a high of $23.10. The average price target represents an increase of 6.68% from its latest reported closing price of 19.66.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Kinder Morgan is 19,337MM, an increase of 26.48%. The projected annual non-GAAP EPS is 1.17.

What is the Fund Sentiment?

There are 2,134 funds or institutions reporting positions in Kinder Morgan. This is an decrease of 12 owner(s) or 0.56% in the last quarter. Average portfolio weight of all funds dedicated to KMI is 0.40%, an increase of 4.04%. Total shares owned by institutions increased in the last three months by 0.33% to 1,536,756K shares. KMI / Kinder Morgan, Inc. Put/Call Ratios The put/call ratio of KMI is 0.73, indicating a bullish outlook.

What are Other Shareholders Doing?

KMI / Kinder Morgan, Inc. Shares Held by Institutions

Bank Of America holds 63,900K shares representing 2.88% ownership of the company. In its prior filing, the firm reported owning 60,053K shares , representing an increase of 6.02%. The firm decreased its portfolio allocation in KMI by 73.65% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 59,141K shares representing 2.66% ownership of the company. In its prior filing, the firm reported owning 59,316K shares , representing a decrease of 0.30%. The firm decreased its portfolio allocation in KMI by 5.49% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 48,736K shares representing 2.20% ownership of the company. In its prior filing, the firm reported owning 47,234K shares , representing an increase of 3.08%. The firm decreased its portfolio allocation in KMI by 5.42% over the last quarter.

XLE - The Energy Select Sector SPDR Fund holds 46,196K shares representing 2.08% ownership of the company. In its prior filing, the firm reported owning 47,119K shares , representing a decrease of 2.00%. The firm decreased its portfolio allocation in KMI by 7.13% over the last quarter.

Geode Capital Management holds 42,406K shares representing 1.91% ownership of the company. In its prior filing, the firm reported owning 39,013K shares , representing an increase of 8.00%. The firm decreased its portfolio allocation in KMI by 0.09% over the last quarter.

Kinder Morgan Background Information
(This description is provided by the company.)

Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient, and environmentally responsible manner for the benefit of people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines and 147 terminals. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel chemicals, ethanol, metals and petroleum coke.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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