The Energy Select Sector SPDR ETF (XLE) was down just 0.8% while the Alerian MLP ETF (AMLP) fell 5.9% for the week. The SPDR S&P 500 ETF was also down 5.9%. Kinder Morgan underperformed its peers, sector ETFs, and the broader markets last week.
The chart above compares Kinder Morgan stock’s performance with its peers in the last week. KMI hit a new 52-week low of $14.99 on Friday, March 23. Notably, crude oil prices were up 5.7% for the week. You can learn more about factors driving crude oil prices in Crude Oil Futures Hit a 6-Week High.
Kinder Morgan is trading 13.0% and 18.0% below its 50-day and 200-day moving averages, respectively. The stock is down 17.0% year-to-date. KMI is down nearly 30.0% over the last one-year period.
Kinder Morgan is currently trading at a yield of 3.3%. In comparison, Enterprise Products Partners is trading at a yield of ~6.9%, ONEOK yields ~5.4%, and Targa Resources (TRGP) is trading at a yield of ~7.7%. You can learn more about some of the highest-yielding MLPs in MLPs: Are Investors Missing Out on Their Attractive Yields?
To learn about the most recent institutional investor activity in Kinder Morgan stock, please read Kinder Morgan: Institutional Investors’ Position Changes.
Next, let’s take a look at the latest recommendations for Kinder Morgan from Wall Street analysts.