Kinder Morgan – KMI: Pipeline operator with pullback setup on the uptrend!

Kinder Morgan (KMI) plays a key role in US infrastructure!

Attractive: Dividend increase for 6 years, current dividend yield of 5.23 percent

Kinder Morgan (KMI) – ISIN US49456B1017

Review: In the chart image we see a price increase of over 18 percent in six months as well as a sequence of higher pivot lows and higher pivot highs and thus a clean upward trend for Kinder Morgan shares. After Tuesday’s pivot high last week, there was a pullback to the 20-day moving average.

Kinder Morgan share: chart from September 27, 2024, abbreviation: KMI price: USD 21.79, daily chart source: TWS

Possible bullish scenario

According to the motto “The trend is your friend,” traders could bet that Kinder Morgan shares will continue their bull rally. A buy signal would be exceeding Friday’s daily candle. The price target after Measure Move is slightly outside the chart image shown.

Possible bearish scenario

Oil prices are currently weakening somewhat – in keeping with seasonality – and could cause Kinder Morgan shares to fall. The lower yellow line could be suitable for pulling the ripcord in time.

Opinion:

Kinder Morgan, a leading U.S. pipeline operator, reported second-quarter earnings below expectations. Stagnant prices on the energy markets lead to a decline in sales. However, the company sees potential in the growing energy requirements of AI data centers. The CEO highlighted the sharp increase in electricity consumption, particularly in Texas. Kinder Morgan is planning expansions, including a $3 billion project in the southeast, and expects increased investment. As a transporter of 40 percent of US natural gas, the company is solidifying its position in the energy infrastructure. The steady dividend growth over the last six years and the current dividend yield of 5.23 percent could be attractive for long-term investors.

Sources, possible conflicts of interest, opinion and other data

• Current market cap: $48.43 billion
• Average volume for the last 20 days: $256.79 million
• My opinion on Kinder Morgan is bullish.
• Source:
• Release date: September 28, 2024
• Author: Thomas Canali

Note on possible conflicts of interest

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