The energy sector has seen a significant flux with Kinder Morgan, Inc. (KMI) grabbing several headlines recently. The company has been outperforming the market witnessed by a 265% return to those who invested five years ago and a respectable 85% over the past three years. Various financial groups and brokers, like Daiwa Securities Group, Citizens Financial Group, and Balboa Wealth Partners, have been adding KMI shares. Despite the market fluctuations, the stock retains its 'Moderate Buy' rating.
Notably, KMI has seen investment from Argentarii LLC, Left Brain Wealth Management, and Aviance Capital Partners, showing a strong potential for growth. This attention has resulted in Ashton Thomas Private Wealth purchasing a substantial 28,925 shares. Kinder Morgan could be a gamechanger in the infrastructure and natural gas sector as indicated by hedge funds. Despite some negative sentiment, with a drop of 12.8% since the last earnings report, the company remains bullish on natural gas demand.
The company's shares have attracted several partnerships such as the one with Entergy Texas and Golden Pass LNG, issuing progress for $1.7B gas pipeline in Texas and a $1.4 billion Mississippi Crossing Project. It also closed on a $640 million acquisition from Outrigger Energy II, expanding its natural gas empire. Aided by AI and cryptocurrency, the demand for natural gas is 'being realized', strengthening Kinder Morgan's position.
Kinder Morgan KMI News Analytics from Mon, 21 Oct 2024 07:00:00 GMT to Sun, 16 Mar 2025 00:32:17 GMT - Rating 7 - Innovation -2 - Information 6 - Rumor -6
