This afternoon we watched Kinder Morgan rise 1.1% to a price of $17.07 per share. The large-cap Oil & Gas Transportation and Processing company is now trading -16.22% below its average target price of $20.38. Analysts have set target prices ranging from $18.0 to $24.0 per share for Kinder Morgan, and have given the stock an average rating of hold.
The stock has an average amount of shares sold short at 2.1%, and a short ratio of 3.05. The company's insiders own 12.66% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 64.3% of Kinder Morgan's shares being owned by this investor type.
Institutions Invested in Kinder Morgan
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 8% | 174,361,460 | $2,977,222,062 |
| 2023-03-31 | Blackrock Inc. | 7% | 158,106,227 | $2,699,663,946 |
| 2023-03-31 | State Street Corporation | 6% | 137,873,544 | $2,354,190,868 |
| 2023-03-31 | Bank of America Corporation | 3% | 62,349,245 | $1,064,613,405 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 37,254,585 | $636,122,067 |
| 2023-03-31 | Price (T.Rowe) Associates Inc | 2% | 36,729,560 | $627,157,265 |
| 2023-03-31 | JP Morgan Chase & Company | 1% | 29,798,897 | $508,816,189 |
| 2023-03-31 | Charles Schwab Investment Management, Inc. | 1% | 29,548,563 | $504,541,735 |
| 2023-03-31 | Orbis Allan Gray Ltd | 1% | 26,311,549 | $449,269,719 |
| 2023-03-31 | Northern Trust Corporation | 1% | 23,047,047 | $393,528,345 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Kinder Morgan.
