There has been substantial activity across numerous fronts for Kinder Morgan (KMI). Notably, the permits for KMI's Tennessee gas pipeline are on hold by the court due to unspecific legal hurdles. Meanwhile, the company is bracing for a busy earnings season with the third quarter of 2024 earnings webcast announced, and the dividend payout is under discussion. KMI's stock saw an uptick, with shares up by 3.56% on Oct 11, suggesting investor confidence. Bank of America even hiked their rating to 'buy' following strong demand in AI gas and contracted growth.
In preparation for hurricane Milton, KMI has taken precautionary measures by shutting its Tampa-area terminals and pipelines, and this may influence short-term operations. Despite the market improving, KMI's stock slightly declined, inviting investors to consider its potential. Analyst insights reveal KMI as a stable midstream growth play, with 8.0% ROE raising some concerns. Amid talks of a possible undervaluation, KMI continues to see a flurry of activities, including expansions in Southeast natural gas pipeline, surprising Q1 earnings, and new AI and data centers as growth opportunities.
Kinder Morgan KMI News Analytics from Mon, 11 Mar 2024 07:00:00 GMT to Sat, 12 Oct 2024 11:27:21 GMT - Rating 2 - Innovation -2 - Information 6 - Rumor -4
