Kinder Morgan (KMI) has been attracting significant attention recently, showcased by a surge in stock prices by over
50% in 2024. Contributing to this upward trend is the decision to invest in
AI Pipeline Leak Detection Tech by Flyscan and the $640M acquisition of
North Dakota Gas Infrastructure. The Bakken Natural Gas expansion is also a potent factor. Despite some operational interruptions due to power outages in Los Angeles, KMI continues to soar in the market, hitting a
52-week high at $30.24. Investors are bolstering their positions, with multiple firms investing heavily in Kinder Morgan, bolstering its institutional ownership to
67%. The proposed increase in its dividend by 4%, alongside a positive forecast from Barclays, signals a constructive market sentiment. Analyst upgrades have also been a tailwind for KMI's stock, pushing its price up. However, it is worth noting that KMI mildly underperformed in some scenarios compared to the broader market.
Kinder Morgan KMI News Analytics from Mon, 07 Oct 2024 07:00:00 GMT to Sat, 18 Jan 2025 14:19:13 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor -4
