Should You Buy Kinder Morgan While It's Below $25?

Shares of Kinder Morgan (NYSE: KMI) have surged over the past year. The natural gas pipeline stock is up nearly 50% in the last 12 months and recently hit its highest level in almost a decade at more than $25 per share. The pipeline stock has since dipped just under that price point. Here's a look at whether that's a good price to buy shares.Kinder Morgan recently reported its third-quarter results. The natural gas infrastructure company generated $0.49 per share of distributable cash flow (DCF), which was about flat with the year-ago period. That has it on track to produce around $2.26 per share, or about $5 billion, of DCF for the full year, approximately 8% higher than 2023's level. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool