Kinder Morgan (KMI) has been the subject of numerous pieces of investment news, with forecasts predicting a substantial upside from its current intrinsic value. Despite occasional market outperformances and losses, the company's utilization of a 'Take-or-Pay' strategy has piqued investors' interest. The company's strong institutional backing, sitting at around 67%, is indicative of widespread investor confidence. Notable is Goldman Sach's decision to remove KMI from its US Conviction List. KMI has also witnessed a boost in its natural gas capacity in Texas, while recording strong net income growth in Q3 2024, although earnings and revenues have lagged estimates. High profile entities such as abrdn plc and New York State Teachers Retirement System holding significant positions in KMI fortify its perceived value. However, doubts over the company’s investment value continue to linger in the face of shrinking earnings and underperformance in the market. An important revelation is KMI's expectation of growth in the future due to the increased focus on natural gas to fill the energy gap. KMI's plans for pipeline expansion to meet expected demand surge further underlines its forward-looking orientation.
Kinder Morgan KMI News Analytics from Tue, 02 Apr 2024 07:00:00 GMT to Sat, 02 Nov 2024 20:49:33 GMT -
Rating 3
- Innovation -2
- Information 4
- Rumor 4
