State Street Boosts Investment in Kinder Morgan.
February 9, 2023
Trending News ☀️
Kinder Morgan ($NYSE:KMI) is a leading energy infrastructure company based in Houston, Texas. It specializes in oil and gas pipelines, storage facilities, and terminals. Recently, State Street Corporation, a global investment management firm, made a major investment into Kinder Morgan, further strengthening the company’s position. The strong quarterly performance boosted investor confidence in Kinder Morgan’s position in the industry. This investment from State Street is part of a trend of increasing investments from institutional investors. Other major investors in Kinder Morgan include Vanguard Group, Blackrock Inc., and Geode Capital Management. Together, these firms own nearly one-third of the company’s outstanding shares.
This strong financial backing gives Kinder Morgan a greater ability to weather any downturns in the industry. Kinder Morgan has already seen significant growth over the past several years. During this time, the company has diversified its operations to include storage and terminal facilities, as well as investments in renewable energy and natural gas. The company has established itself as a leader in the energy infrastructure industry and seems well-positioned to take advantage of new business opportunities. With strong backing from institutional investors, Kinder Morgan is sure to remain a major player in the energy industry for many years to come.
Market Price
State Street has recently announced its decision to boost its investment in Kinder Morgan, the largest midstream and the third-largest energy company in North America. The decision has been met with mostly positive media coverage, which has spurred optimism in the market. On Wednesday, Kinder Morgan’s stock opened at $18.3 and closed at $18.2, a marginal 0.3% decrease from the prior closing price of $18.3. Kinder Morgan is a leading energy infrastructure company with operations across the continent. Its main business lines include natural gas, crude oil, and products pipelines; terminals for storage, transloading, and transportation of natural gas, oil, and refined products; and natural gas and power-related businesses.
It is one of the largest independent midstream energy companies in North America, and its operations are concentrated mainly in the U.S. and Canada. The news of State Street’s increased investment in Kinder Morgan has been seen as a vote of confidence in the company’s future prospects. With more than ten thousand miles of pipelines, Kinder Morgan is well-positioned to take advantage of the growing demand for affordable and reliable energy infrastructure solutions. Despite the slight dip in share prices, the overall market sentiment towards Kinder Morgan appears to remain positive. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kinder Morgan. More…
| Total Revenues | Net Income | Net Margin |
| 19.2k | 2.55k | 13.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kinder Morgan. More…
| Operations | Investing | Financing |
| 4.83k | -2.31k | -3.46k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kinder Morgan. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 70.08k | 37.96k | 13.67 |
Key Ratios Snapshot
Some of the financial key ratios for Kinder Morgan are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.3% | 0.8% | 21.0% |
| FCF Margin | ROE | ROA |
| 17.2% | 8.2% | 3.6% |
Analysis
GoodWhale has conducted an analysis of KINDER MORGAN‘s wellbeing and the results have been classified under the Star Chart rating system, with KINDER MORGAN receiving a ‘rhino’ rating. This denotes a company that has achieved moderate revenue or earnings growth. KINDER MORGAN has an intermediate health score of 6/10 with regard to its cashflows and debt, indicating that it is likely to be able to pay off its debt and fund future operations. With regard to its dividend performance, KINDER MORGAN is strong. It scores as medium in terms of growth, profitability and asset performance. Investors interested in KINDER MORGAN may be looking for a company with a moderate track record of revenue or earnings growth. KINDER MORGAN’s performance in cashflows and debt could make it an attractive option for those looking for potential stability and viability. Moreover, investors may be drawn to KINDER MORGAN’s strong dividend performance, although they should be aware that the company’s growth, profitability and asset performance are only medium. More…
Peers
Kinder Morgan Inc is a leading pipeline transportation and energy storage company in North America. The company operates in three segments: Natural Gas Pipelines, Products Pipelines, and Terminals. Kinder Morgan’s competitors include ONEOK Inc, Kinetik Holdings Inc, and Keyera Corp.
– ONEOK Inc ($NYSE:OKE)
ONEOK Inc. is one of the largest energy midstream service providers in the United States. It owns and operates natural gas liquids (NGL) gathering, processing, transportation and storage assets, as well as natural gas pipelines. The company’s NGL business includes the gathering, processing and transportation of NGLs, as well as the storage and marketing of propane, butane and natural gasoline. The company’s natural gas business includes the transportation of natural gas through an interstate natural gas pipeline system.
– Kinetik Holdings Inc ($NASDAQ:KNTK)
Kinetik Holdings Inc is a publicly traded company with a market capitalization of 1.54 billion as of 2022. The company has a return on equity of 5.46%. Kinetik Holdings is engaged in the business of providing a range of energy storage solutions. The company’s products are used in a variety of applications including automotive, residential, commercial and industrial.
– Keyera Corp ($TSX:KEY)
Keyera Corp is a Canadian company that owns and operates energy infrastructure assets. Its business segments include natural gas gathering and processing, natural gas liquids (NGL) extraction and fractionation, transportation, storage and marketing, and power generation. The company has a market cap of 6.31B as of 2022 and a Return on Equity of 17.57%.
Summary
Kinder Morgan has seen a boost in investments from State Street. This increase in investments signals a positive outlook for the company, and indicates that investors have faith in its future success. Analysts have generally found that Kinder Morgan has strong financial performance, with strong cash flow and low debt levels. The company also has several large and stable sources of revenue, making it an attractive option for investors.
It also has a diversified portfolio of assets, allowing it to spread risk across different areas. While the company does face certain risks, such as regulatory changes, overall it appears to be well-positioned for future success.
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