Kinder Morgan (NYSE:KMI) Sets New 52-Week High After Insider Buying Activity

Kinder Morgan, Inc. (NYSE:KMI)’s share price reached a new 52-week high during mid-day trading on Wednesday following insider buying activity. The company traded as high as $25.79 and last traded at $25.73, with a volume of 1377333 shares. The stock had previously closed at $24.71.

Specifically, Director Amy W. Chronis purchased 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the purchase, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Analyst Ratings Changes

Several equities analysts have weighed in on KMI shares. Barclays lifted their target price on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday. Royal Bank of Canada lifted their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Scotiabank lifted their target price on Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 17th. Stifel Nicolaus lifted their target price on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Finally, Morgan Stanley set a $26.00 target price on Kinder Morgan in a research note on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.09.

Kinder Morgan Trading Up 0.2 %

The company has a fifty day moving average of $23.07 and a two-hundred day moving average of $21.08. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $58.76 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 3.05 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 earnings per share. On average, research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. SignalPoint Asset Management LLC increased its position in shares of Kinder Morgan by 1.5% during the third quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock valued at $655,000 after purchasing an additional 447 shares during the period. Trust Co. of Oklahoma increased its position in shares of Kinder Morgan by 1.5% during the third quarter. Trust Co. of Oklahoma now owns 33,586 shares of the pipeline company’s stock valued at $742,000 after purchasing an additional 486 shares during the period. Pinnacle West Asset Management Inc. grew its position in Kinder Morgan by 0.5% in the third quarter. Pinnacle West Asset Management Inc. now owns 96,150 shares of the pipeline company’s stock valued at $2,124,000 after acquiring an additional 500 shares during the period. Carson Advisory Inc. grew its position in Kinder Morgan by 3.4% in the third quarter. Carson Advisory Inc. now owns 15,901 shares of the pipeline company’s stock valued at $351,000 after acquiring an additional 522 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in Kinder Morgan by 0.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 165,827 shares of the pipeline company’s stock valued at $3,295,000 after acquiring an additional 530 shares during the period. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.