Prosperity Consulting Group LLC and Norden Group LLC among others have increased their stakes in Kinder Morgan, Inc. (NYSE:KMI), indicating a strong backing for the energy infrastructure company. Despite some periods of decline, the company's stock has outperformed the market encouraging a 'moderate buy' rating from analysts. KMI's Q1 earnings have exceeded expectations resulting in a dividend hike, though concerns are being raised over its Return on Equity (ROE) and debt burden. It's notable that in the last year, investors have seen a return of about 29% and its current intrinsic value is possibly 19% below its share price. The company recently acquired Texas pipelines from NextEra Energy Partners for $1.82 billion and oil and gas assets from Avad Energy, showing signs of growth. Furthermore, they have grown their returns on capital and aim to leverage artificial intelligence (AI) for growth. However, the company's returns trends are not viewed as appealing and their earnings have been trending downwards over the past year.
Kinder Morgan KMI News Analytics from Mon, 06 Nov 2023 08:00:00 GMT to Sun, 07 Jul 2024 13:19:07 GMT -
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