The Potential Rise in the Price of Kinder Morgan Inc. (KMI) following insiders activity


Kinder Morgan Inc.’s recently made public that its V.P. (President, Terminals) Schlosser John W unloaded Company’s shares for reported $27268.0 on Dec 27. In the deal valued at $18.18 per share,1,500 shares were sold. As a result of this transaction, Schlosser John W now holds 21,219 shares worth roughly $ 0.39 million.

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Then, Schlosser John W sold 1,500 shares, generating $28,050 in total proceeds. Upon selling the shares at $18.70, the V.P. (President, Terminals) now owns 22,719 shares.

Before that, Schlosser John W sold 1,500 shares. Kinder Morgan Inc. shares valued at $27,000 were divested by the V.P. (President, Terminals) at a price of $18.00 per share. As a result of the transaction, Schlosser John W now holds 24,219 shares, worth roughly $0.45 million.

Citigroup initiated its Kinder Morgan Inc. [KMI] rating to a Neutral in a research note published on Tuesday, December 09, 2022; the price target was $19. PT values the company’s stock at a premium of 2.26 to its Tuesday closing price. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in early September from “a Sell” to “a Neutral”. Wells Fargo revised its rating on April 28, 2022. It rated KMI as “an Equal weight” which previously was an “an Underweight”.

Price Performance Review of KMI

On Tuesday, Kinder Morgan Inc. [NYSE:KMI] saw its stock fall -1.01% to $18.57. On the same session, the stock had its day’s lowest price of $18.38, but rose to a high of $18.90. Over the last five days, the stock has lost -1.33%. Kinder Morgan Inc. shares have risen nearly 2.71% since the year began. Nevertheless, the stocks have risen 6.91% over the past one year. While a 52-week high of $20.20 was reached on 01/17/23, a 52-week low of $15.77 was recorded on 01/04/23. SMA at 50 days reached $18.36, while 200 days put it at $18.17. A total of 13.07 million shares were traded, compared to the trading of 11.45 million shares in the previous session.

Levels Of Support And Resistance For KMI Stock

The 24-hour chart illustrates a support level at 18.33, which if violated will result in even more drops to 18.10. On the upside, there is a resistance level at 18.85. A further resistance level may holdings at 19.14. The Relative Strength Index (RSI) on the 14-day chart is 52.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.17%. Stochastics %K at 64.79% indicates the stock is a holding.

How much short interest is there in Kinder Morgan Inc.?

A steep rise in short interest was recorded in Kinder Morgan Inc. stocks on Oct 13, 2022, dropping by -1.73 million shares to a total of 31.18 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 32.91 million shares. There was a decline of -5.55%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.59% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.45.

Kinder Morgan Inc. [KMI] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 161,481,508 shares, or roughly 7.18% of the outstanding KMI shares. In other words, the investor’s shares have fallen by -2,626,947 from its previous 13-F filing of 164108455.0. Additionally, SSgA Funds Management, Inc. increased 2.33% of its stake after which the total value it holdings stand at $2,586,242,083, while BlackRock Fund Advisors added 0.19% of its stake to hold $2.0 billion in the firm. Over the last quarter, Geode Capital Management LLC purchased 158,397 shares of Kinder Morgan Inc., while Managed Account Advisors LLC bought 1,503,027 shares. At present, Charles Schwab Investment Managem is holding 29,115,042 shares valued at $526.4 million. Orbis Investment Management Ltd. owned 24,899,544 shares of the company at the time of its most recent 13F filing, worth $450.18 million.

According to FactSet, Kinder Morgan Inc.’s share price will average $19.95 in the next year, based on opinions of analysts polled by the firm. This is up nearly 1.28 percent from its previous closing price of $18.76. Analysts expect Kinder Morgan Inc. stock to reach the higher price of $24.00, while the lowest price estimate is $18.00. However, 24 analysts have rated KMI stock as a Hold in their predictions for 2023.


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