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NYSE:KMI

Kinder Morgan (KMI) Stock Price, News & Analysis

$19.59
-0.17 (-0.86%)
(As of 06/14/2024 ET)
Today's Range
$19.55
$19.76
50-Day Range
$17.69
$19.88
52-Week Range
$15.89
$20.07
Volume
8.45 million shs
Average Volume
13.53 million shs
Market Capitalization
$43.48 billion
P/E Ratio
17.81
Dividend Yield
5.87%
Price Target
$21.00

Kinder Morgan MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
7.1% Upside
$21.00 Price Target
Short Interest
Healthy
2.22% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.44
Upright™ Environmental Score
News Sentiment
1.20mentions of Kinder Morgan in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$5.32 M Sold Last Quarter
Proj. Earnings Growth
3.39%
From $1.18 to $1.22 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.40 out of 5 stars

Oils/Energy Sector

101st out of 238 stocks

Natural Gas Transmission Industry

7th out of 18 stocks

KMI stock logo

About Kinder Morgan Stock (NYSE:KMI)

Kinder Morgan Inc. is a leading energy infrastructure company that operates one of North America's largest networks of pipelines and terminals. The company transports and stores natural gas, crude oil, refined petroleum, and other energy products. Kinder Morgan's pipelines span over 83,000 miles, and its terminals have a storage capacity of approximately 165 million barrels. The company is headquartered in Houston, Texas, and operates across the United States and Canada.

Kinder Morgan was founded in 1997 and has grown through strategic acquisitions and organic growth. The company's key achievements include the expansion of its Trans Mountain pipeline in Canada and the development of its Elba Island liquefied natural gas (LNG) terminal in Georgia.

Kinder Morgan's leadership team is headed by Steven Kean, who serves as the Chairman and CEO of the company. Mr. Kean has been with Kinder Morgan since 2007 and has held various senior executive positions. He succeeded Richard Kinder, one of the company's founders, as CEO in 2015.

Another critical member of Kinder Morgan's management team includes Dax Sanders, President of Product Pipelines, who joined the team in 2000 and has held multiple positions within the company focusing on acquisitions and divestitures. 

Kinder Morgan has reported steady financial performance over the past few years. Kinder Morgan's profit margins have remained strong, with a net margin of approximately 13%. Kinder Morgan has also kept their debt levels manageable with a strong debt-to-equity ratio. Kinder Morgan's valuation metrics are generally in line with industry peers. The company's price-to-earnings and price-to-book ratio are in line with industry averages.

Kinder Morgan's stock performance has been relatively volatile over the past few years, with the stock trading in the range of $13 to $20 per share. The company's trading volume is also volatile, with an average trading volume of around 13 million shares. 

Kinder Morgan operates in the energy infrastructure industry, subject to regulatory and political risks. The industry has also faced challenges from the growth of renewable energy sources and concerns over climate change.

Kinder Morgan's main competitors include other energy infrastructure companies such as Enbridge Inc. (NYSE: ENB) and Enterprise Products Partners L.P. (NYSE: EPD). The company also competes with rail and trucking companies that transport energy products.

The industry is subject to regulatory oversight from various federal and state agencies, including the Federal Energy Regulatory Commission and the Pipeline and Hazardous Materials Safety Administration. Political developments, such as changes in energy policy or trade agreements, can also impact the industry.

Kinder Morgan has identified several growth opportunities, including expanding its pipelines and terminals and investing in renewable energy and carbon capture technology. The company plans to invest $2.4 billion in growth projects, focusing on natural gas pipelines and terminals over the next few years.

Kinder Morgan is also exploring opportunities in the renewable energy space, particularly in developing hydrogen and carbon capture projects. The company has partnered with industry players to build carbon capture projects, such as the Petra Nova project in Texas.

In addition, Kinder Morgan is pursuing opportunities to expand its presence in the LNG market. The company is developing the Gulf LNG export project in Mississippi, which is expected to have a capacity of 10 million tonnes annually.

One of the main risks facing Kinder Morgan is the potential for energy policy and regulation changes. Changes in environmental regulations or policies aimed at reducing carbon emissions could impact the demand for fossil fuels and energy infrastructure. In addition, changes in trade policies or geopolitical tensions could also affect the company's operations.

Kinder Morgan also faces competition from other energy infrastructure companies and alternative transportation methods such as rail and trucking. The company's ability to compete will depend on its ability to offer cost-effective and efficient transportation and storage solutions.

Kinder Morgan's growth opportunities in renewable energy and carbon capture technology are still in their early stages and may not materialize as expected. The company must carefully evaluate and manage these projects to ensure they are viable and profitable.

KMI Stock Price History

KMI Stock News Headlines

UBS Group Increases Kinder Morgan (NYSE:KMI) Price Target to $24.00
Kinder Morgan (NYSE:KMI) Shares Up 0.7% Following Analyst Upgrade
Kinder Morgan (NYSE:KMI) Stock Price Down 0.6%
3 Oil & Gas Stocks to Buy Now: May 2024
Kinder Morgan: Reliable Income At A Lofty Price
KMI May 2024 15.000 call
KMI Jun 2024 19.000 call
Kinder Morgan: Why I Disagree With Wall Street
See More Headlines

Company Calendar

Last Earnings
4/17/2024
Ex-Dividend for 5/15 Dividend
4/29/2024
Dividend Payable
5/15/2024
Today
6/14/2024
Next Earnings (Estimated)
7/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
49456B10
Employees
10,891
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$21.00
High Stock Price Target
$24.00
Low Stock Price Target
$19.00
Potential Upside/Downside
+6.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$2.39 billion
Pretax Margin
21.48%

Debt

Sales & Book Value

Annual Sales
$15.33 billion
Cash Flow
$2.10 per share
Book Value
$14.27 per share

Miscellaneous

Outstanding Shares
2,219,390,000
Free Float
1,938,855,000
Market Cap
$43.59 billion
Optionable
Optionable
Beta
0.92

Social Links

Key Executives

Should I Buy Kinder Morgan Stock? KMI Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Kinder Morgan, Inc.:

  • Kinder Morgan stock has a consensus rating of "Hold" with an average target price of $20.20, indicating potential for growth based on analyst projections.
  • The company recently increased its quarterly dividend from $0.28 to $0.2875, showing a commitment to rewarding shareholders with higher returns.
  • Kinder Morgan reported a return on equity of 7.85% and a net margin of 16.08%, demonstrating strong financial performance metrics.
  • The stock has a dividend yield of 5.90%, providing investors with a steady income stream alongside potential capital appreciation.
  • Kinder Morgan operates as an energy infrastructure company in North America, a sector with stable demand and long-term growth prospects.

Cons

Investors should be bearish about investing in Kinder Morgan, Inc. for these reasons:

  • The company's revenue was down 1.2% year-over-year, indicating a potential slowdown in growth or market challenges.
  • Kinder Morgan's dividend payout ratio is currently 104.55%, which may raise concerns about sustainability and future dividend increases.
  • The stock's price-to-earnings-growth ratio of 2.98 suggests that the stock may be overvalued relative to its growth prospects.
  • Kinder Morgan's quick ratio of 0.38 and current ratio of 0.50 raise liquidity concerns, indicating potential difficulties in meeting short-term obligations.
  • The company's debt-to-equity ratio of 0.95 may pose risks in terms of financial leverage and interest rate sensitivity.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, June 11, 2024. Please send any questions or comments about these Kinder Morgan pros and cons to contact@marketbeat.com.

KMI Stock Analysis - Frequently Asked Questions

Should I buy or sell Kinder Morgan stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kinder Morgan in the last year. There are currently 5 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" KMI shares.
View KMI analyst ratings
or view top-rated stocks.

What is Kinder Morgan's stock price target for 2024?

10 brokers have issued 12 month price objectives for Kinder Morgan's shares. Their KMI share price targets range from $19.00 to $24.00. On average, they anticipate the company's share price to reach $21.00 in the next twelve months. This suggests a possible upside of 7.1% from the stock's current price.
View analysts price targets for KMI
or view top-rated stocks among Wall Street analysts.

How have KMI shares performed in 2024?

Kinder Morgan's stock was trading at $17.64 at the beginning of 2024. Since then, KMI shares have increased by 11.1% and is now trading at $19.60.
View the best growth stocks for 2024 here
.

Are investors shorting Kinder Morgan?

Kinder Morgan saw a decline in short interest during the month of May. As of May 31st, there was short interest totaling 43,080,000 shares, a decline of 8.6% from the May 15th total of 47,130,000 shares. Based on an average daily trading volume, of 13,170,000 shares, the days-to-cover ratio is presently 3.3 days. Currently, 2.2% of the company's shares are sold short.
View Kinder Morgan's Short Interest
.

When is Kinder Morgan's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024.
View our KMI earnings forecast
.

How were Kinder Morgan's earnings last quarter?

Kinder Morgan, Inc. (NYSE:KMI) released its quarterly earnings data on Wednesday, April, 17th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. The pipeline company earned $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a trailing twelve-month return on equity of 7.85%. Kinder Morgan's revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share.
Read the conference call transcript
.

How often does Kinder Morgan pay dividends? What is the dividend yield for Kinder Morgan?

Kinder Morgan declared a quarterly dividend on Wednesday, April 17th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.2875 per share on Wednesday, May 15th. This represents a $1.15 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date is Monday, April 29th. This is a positive change from the stock's previous quarterly dividend of $0.28.
Read our dividend analysis for KMI
.

Is Kinder Morgan a good dividend stock?

Kinder Morgan (NYSE:KMI) pays an annual dividend of $1.15 per share and currently has a dividend yield of 5.78%. KMI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 104.55%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, KMI will have a dividend payout ratio of 94.26% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for KMI.

How will Kinder Morgan's stock buyback program work?

Kinder Morgan announced that its board has approved a stock repurchase plan on Wednesday, January 18th 2023, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

What guidance has Kinder Morgan issued on next quarter's earnings?

Kinder Morgan updated its FY 2024 earnings guidance on Wednesday, April, 17th. The company provided EPS guidance of 1.220-1.220 for the period, compared to the consensus EPS estimate of 1.220. The company issued revenue guidance of -.

What is Steve Kean's approval rating as Kinder Morgan's CEO?

150 employees have rated Kinder Morgan Chief Executive Officer Steve Kean on Glassdoor.com. Steve Kean has an approval rating of 69% among the company's employees.

What other stocks do shareholders of Kinder Morgan own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Kinder Morgan investors own include AT&T (T), Verizon Communications (VZ), Enterprise Products Partners (EPD), Intel (INTC), Cisco Systems (CSCO), Exxon Mobil (XOM), Bank of America (BAC), Energy Transfer (ET), General Electric (GE) and Pfizer (PFE).

Who are Kinder Morgan's major shareholders?

Kinder Morgan's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.01%), Price T Rowe Associates Inc. MD (0.92%), Bank of New York Mellon Corp (0.60%), Clearbridge Investments LLC (0.50%), Energy Income Partners LLC (0.48%) and Kayne Anderson Capital Advisors LP (0.45%). Insiders that own company stock include Anthony B Ashley, Dax Sanders, Denise R Mathews, John W Schlosser, Michael C Morgan, Michael Scarpelli, Robert F Vagt, Sital K Mody and Thomas A Martin.
View institutional ownership trends
.

How do I buy shares of Kinder Morgan?

Shares of KMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Kinder Morgan have any subsidiaries?
The following companies are subsidiares of Kinder Morgan: ANR Real Estate Corporation, APT Florida LLC, APT Intermediate Holdco LLC, APT New Intermediate Holdco LLC, APT Pennsylvania LLC, APT Sunshine State LLC, Agnes B Crane LLC, American Petroleum Tankers, American Petroleum Tankers II LLC, American Petroleum Tankers III LLC, American Petroleum Tankers IV LLC, American Petroleum Tankers IX LLC, American Petroleum Tankers LLC, American Petroleum Tankers Parent LLC, American Petroleum Tankers V LLC, American Petroleum Tankers VI LLC, American Petroleum Tankers VII LLC, American Petroleum Tankers VIII LLC, American Petroleum Tankers X LLC, American Petroleum Tankers XI LLC, Banquete Hub LLC, Battleground Oil Specialty Terminal Company LLC, Betty Lou LLC, CDE Pipeline LLC, CIG Gas Storage Company LLC, CIG Pipeline Services Company L.L.C., CPNO Services LLC, Calnev Pipe Line LLC, Camino Real Gas Gathering Company LLC, Camino Real Gathering Company L.L.C., Cantera Gas Company LLC, Cedar Cove Midstream LLC, Central Florida Pipeline LLC, Cheyenne Plains Gas Pipeline Company L.L.C., Coastal Eagle Point Oil Company, Coastal Oil New England Inc., Colorado Interstate Gas Company L.L.C., Colorado Interstate Issuing Corporation, Copano Double Eagle LLC, Copano Energy, Copano Energy Finance Corporation, Copano Energy L.L.C., Copano Energy Services/Upper Gulf Coast LLC, Copano Field Services GP L.L.C., Copano Field Services/North Texas L.L.C., Copano Field Services/South Texas LLC, Copano Field Services/Upper Gulf Coast LLC, Copano Liberty LLC, Copano Liquids Marketing LLC, Copano NGL Services (Markham) L.L.C., Copano NGL Services LLC, Copano Pipelines Group L.L.C., Copano Pipelines/North Texas L.L.C., Copano Pipelines/Rocky Mountains LLC, Copano Pipelines/South Texas LLC, Copano Pipelines/Upper Gulf Coast LLC, Copano Processing LLC, Copano Risk Management LLC, Copano Terminals LLC, Copano/Webb-Duval Pipeline LLC, Coscol Petroleum Corporation, Dakota Bulk Terminal LLC, Delta Terminal Services LLC, EP Ruby LLC, EPBGP Contracting Services LLC, EPC Building LLC, EPC Property Holdings Inc., EPEC Corporation, EPEC Oil Company Liquidating Trust, EPEC Polymers Inc., EPEC Realty Inc., EPED B Company, EPED Holding Company, EPTP Issuing Corporation, Eagle Ford Gathering LLC, El Paso Amazonas Energia Ltda., El Paso CGP Company L.L.C., El Paso CNG Company L.L.C., El Paso Cheyenne Holdings L.L.C., El Paso Citrus Holdings Inc., El Paso Corporation, El Paso Energia do Brasil Ltda., El Paso Energy Argentina Service Company, El Paso Energy Capital Trust I, El Paso Energy E.S.T. Company, El Paso Energy International Company, El Paso Energy Marketing de Mexico S. de R.L. de C.V., El Paso Energy Service Company L.L.C., El Paso LLC, El Paso Marketing Company L.L.C., El Paso Merchant Energy North America Company L.L.C., El Paso Merchant Energy-Petroleum Company, El Paso Mexico Holding B.V., El Paso Midstream Group LLC, El Paso Natural Gas Company L.L.C., El Paso Noric Investments III L.L.C., El Paso Pipeline Partners L.P., El Paso Reata Energy Company L.L.C., El Paso Remediation Company, El Paso Rio Negro Energia Ltda., El Paso Ruby Holding Company L.L.C., El Paso Services Holding Company, El Paso Tennessee Pipeline Co. L.L.C., Elba Express Company L.L.C., Elba Liquefaction Company L.L.C., Elizabeth River Terminals LLC, Emory B Crane LLC, Frank L Crane LLC, Gas-Chill Inc., General Stevedores GP LLC, General Stevedores Holdings LLC, HBM Environmental LLC, HPH Oklahoma Gathering LLC, Harrah Midstream LLC, Hiland Crude LLC, Hiland Partners Holdings LLC, Hiland Partners LP, I.M.T. Land Corp., ICPT L.L.C., Independent Trading & Transportation Company I L.L.C., International Marine Terminals Partnership, JV Tanker Charterer LLC, K N Capital Trust I, K N Capital Trust II, K N Capital Trust III, KM Canada Terminals ULC, KM Crane LLC, KM Decatur LLC, KM Eagle Gathering LLC, KM Express LLC, KM Gathering LLC, KM Insurance Texas Inc., KM Kaskaskia Dock LLC, KM Liquids Terminals LLC, KM North Cahokia Land LLC, KM North Cahokia Special Project LLC, KM North Cahokia Terminal Project LLC, KM Phoenix Holdings LLC, KM Ship Channel Services LLC, KM Treating GP LLC, KM Treating Production LLC, KM Utopia Operator LLC, KM Utopia Operator Limited, KMBT LLC, KMBT Legacy Holdings LLC, KMGP Services Company Inc., KN Telecommunications Inc., Kinder Morgan 2-Mile LLC, Kinder Morgan Administrative Services Tampa LLC, Kinder Morgan Altamont LLC, Kinder Morgan Baltimore Transload Terminal LLC, Kinder Morgan Battleground Oil LLC, Kinder Morgan Border Pipeline LLC, Kinder Morgan Bulk Terminals LLC, Kinder Morgan CO2 Company LLC, Kinder Morgan Carbon Dioxide Transportation Company, Kinder Morgan Commercial Services LLC, Kinder Morgan Contracting Services LLC, Kinder Morgan Crude & Condensate LLC, Kinder Morgan Crude Marketing LLC, Kinder Morgan Crude Oil Pipelines LLC, Kinder Morgan Crude to Rail LLC, Kinder Morgan Cushing LLC, Kinder Morgan Dallas Fort Worth Rail Terminal LLC, Kinder Morgan Deeprock North Holdco LLC, Kinder Morgan EP Midstream LLC, Kinder Morgan Endeavor LLC, Kinder Morgan Energy Partners L.P., Kinder Morgan Finance Company LLC, Kinder Morgan Foundation, Kinder Morgan Freedom Pipeline LLC, Kinder Morgan GP LLC, Kinder Morgan Galena Park West LLC, Kinder Morgan Gas Natural de Mexico S. de R.L. de C.V., Kinder Morgan IMT Holdco LLC, Kinder Morgan KMAP LLC, Kinder Morgan Keystone Gas Storage LLC, Kinder Morgan Las Vegas LLC, Kinder Morgan Linden Transload Terminal LLC, Kinder Morgan Liquids Terminals LLC, Kinder Morgan Liquids Terminals St. Gabriel LLC, Kinder Morgan Louisiana Pipeline Holding LLC, Kinder Morgan Louisiana Pipeline LLC, Kinder Morgan Marine Services LLC, Kinder Morgan Materials Services LLC, Kinder Morgan Mexico LLC, Kinder Morgan Mid Atlantic Marine Services LLC, Kinder Morgan NGPL Holdings LLC, Kinder Morgan NatGas O&M LLC, Kinder Morgan North Texas Pipeline LLC, Kinder Morgan Operating LLC "A", Kinder Morgan Operating LLC "B", Kinder Morgan Operating LLC "C", Kinder Morgan Operating LLC "D", Kinder Morgan Pecos LLC, Kinder Morgan Pecos Valley LLC, Kinder Morgan Petcoke GP LLC, Kinder Morgan Petcoke L.P., Kinder Morgan Petcoke LP LLC, Kinder Morgan Petroleum Tankers LLC, Kinder Morgan Pipeline LLC, Kinder Morgan Pipeline Servicios de Mexico S. de R.L. de C.V., Kinder Morgan Port Manatee Terminal LLC, Kinder Morgan Port Sutton Terminal LLC, Kinder Morgan Port Terminals USA LLC, Kinder Morgan Portland Jet Line LLC, Kinder Morgan Production Company LLC, Kinder Morgan Products Terminals LLC, Kinder Morgan Rail Services LLC, Kinder Morgan Resources II LLC, Kinder Morgan Resources III LLC, Kinder Morgan Resources LLC, Kinder Morgan SNG Operator LLC, Kinder Morgan Scurry Connector LLC, Kinder Morgan Services International LLC, Kinder Morgan Seven Oaks LLC, Kinder Morgan Southeast Terminals LLC, Kinder Morgan Tank Storage Terminals LLC, Kinder Morgan Tejas Pipeline GP LLC, Kinder Morgan Tejas Pipeline LLC, Kinder Morgan Terminals Inc., Kinder Morgan Terminals Wilmington LLC, Kinder Morgan Texas Pipeline LLC, Kinder Morgan Texas Terminals L.P., Kinder Morgan Transmix Company LLC, Kinder Morgan Treating LP, Kinder Morgan Urban Renewal II LLC, Kinder Morgan Urban Renewal L.L.C., Kinder Morgan Utica LLC, Kinder Morgan Vehicle Services LLC, Kinder Morgan Virginia Liquids Terminals LLC, Kinder Morgan Wink Pipeline LLC, KinderHawk Field Services LLC, Knight Power Company LLC, Lomita Rail Terminal LLC, MJR Operating LLC, Mesquite Investors L.L.C., Milwaukee Bulk Terminals LLC, Mojave Pipeline Company L.L.C., Mojave Pipeline Operating Company L.L.C., PI 2 Pelican State LLC, Paddy Ryan Crane LLC, Palmetto Products Pipe Line LLC, Pinney Dock & Transport LLC, Queen City Terminals LLC, Rahway River Land LLC, River Terminals Properties GP LLC, River Terminals Properties L.P., SFPP L.P., SNG Pipeline Services Company L.L.C., SRT Vessels LLC, ScissorTail Energy LLC, SouthTex Treaters LLC, Southern Dome LLC, Southern Gulf LNG Company L.L.C., Southern LNG Company L.L.C., Southern Liquefaction Company LLC, Southern Oklahoma Gathering LLC, Southwest Florida Pipeline LLC, State Class Tankers, Stevedore Holdings L.P., TGP Pipeline Services Company L.L.C., Tejas Gas LLC, Tejas Natural Gas LLC, Tennessee Gas Pipeline Company L.L.C., Tennessee Gas Pipeline Issuing Corporation, Texan Tug LLC, The Pecos Carbon Dioxide Pipeline Company, TransColorado Gas Transmission Company LLC, Transload Services LLC, Utica Marcellus Texas Pipeline LLC, Webb/Duval Gatherers, Western Plant Services LLC, and Wyoming Interstate Company L.L.C..
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This page (NYSE:KMI) was last updated on 6/14/2024 by MarketBeat.com Staff

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