Kinder Morgan shares rose 1.3% this afternoon to a price of $21.28. The stock is still trading within range of its average target price of $22.21, and over the last 52 weeks, it has recorded a 22.6% performance. Analysts have given the Large-Cap Oil & Gas Transportation and Processing stock target prices ranging from $19.0 to $24.0 dollars per share, with an average rating of buy.
Kinder Morgan's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.2%. The stock's short ratio is 2.55. The company's insiders own 12.81% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 67.2%. In conclusion, we believe there is positive market sentiment regarding Kinder Morgan.
Institutions Invested in Kinder Morgan
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 9% | 200,449,657 | $4,265,568,838 |
| 2024-06-30 | Blackrock Inc. | 7% | 156,966,896 | $3,340,255,654 |
| 2024-06-30 | State Street Corporation | 6% | 128,764,568 | $2,740,110,095 |
| 2024-06-30 | Bank of America Corporation | 3% | 63,408,338 | $1,349,329,476 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 50,845,083 | $1,081,983,401 |
| 2024-06-30 | JP Morgan Chase & Company | 2% | 37,261,451 | $792,923,702 |
| 2024-06-30 | Charles Schwab Investment Management, Inc. | 1% | 30,828,656 | $656,033,820 |
| 2024-06-30 | Norges Bank Investment Management | 1% | 27,577,173 | $586,842,260 |
| 2024-06-30 | Invesco Ltd. | 1% | 26,074,147 | $554,857,866 |
| 2024-06-30 | Morgan Stanley | 1% | 25,568,994 | $544,108,209 |
