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Will Kinder Morgan Gain Upward Momentum?


Nov. 20 2020, Updated 5:02 p.m. ET

KMI surpasses 50-day moving average

Kinder Morgan (KMI) stock surpassed its 50-day moving average on April 18. The stock is currently trading 3% above its 50-day moving average and 8% below its 200-day moving average. Kinder Morgan’s 200-day moving average may act as resistance for the stock in the near term.

Kinder Morgan’s 50-day moving average fell below its 200-day average—a bearish indicator—in April 2017. As the above graph shows, KMI’s 50-day average has been below its 200-day average since then. Kinder Morgan stock is down 19% in a year and 9% year-to-date.

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Short interest

According to data released on April 10, 2018, short interest in Kinder Morgan as a percentage of its float is currently 2.8%. The current short interest is lower than its short interest of 3.3% in mid-March 2018. The total number of Kinder Morgan shares shorted was 53.2 million on March 29, which is 15.2% lower than the 62.8 million shares shorted on March 15.

KMI’s yield

Kinder Morgan announced a dividend per share of $0.20 for 1Q18, 60% higher than the previous quarter’s dividend. Based on the 1Q18 dividend, KMI is currently trading at a yield of ~4.9%.

In comparison, Enterprise Products Partners (EPD) is trading at a yield of ~6.4% and Magellan Midstream Partners (MMP) is trading at a yield of ~5.6%.

Learn more about Magellan Midstream Partners’ growth drivers in Magellan Midstream Partners’ Growth Drivers in 2018 and Beyond.

For the latest updates on energy MLPs, visit Market Realist’s Energy MLPs page.


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