Throughout the year, Kinder Morgan (KMI) has seen a 53% growth in its year-to-date performance. This leap forward has been largely driven by the company’s major pipeline expansion, particularly the $1.4 billion Mississippi Crossing Project. Despite some market fluctuations, many investors see KMI as a good dividend stock under $50, with a return on equity of >8%. Over the last three years, investing in KMI would have delivered significant gains of at least 105%, and maybe as much as 107%. It's attracting increasing investor attention and catching the eye of influential investors like billionaire Stanley Druckenmiller. KMI's stock, however, has periodically dipped lower than the broader market, yet still outpaced the market on several occasions. The corporation has just announced that it will be continuing with its plans to fuel its 4%-yielding dividend with additional projects worth $1.4 billion. Expectations for its higher profit in 2025 remain strong. Finally, KMI is now a favoured stock among institutional investors, owning a considerable 67%.
Kinder Morgan KMI News Analytics from Wed, 17 Jul 2024 07:00:00 GMT to Thu, 26 Dec 2024 19:12:30 GMT - Rating 7 - Innovation -1 - Information 8 - Rumor -3
