Kinder Morgan (NYSE:KMI) Reaches New 52-Week High at $20.19

Kinder Morgan, Inc. (NYSE:KMI)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $20.19 and last traded at $20.12, with a volume of 5771572 shares traded. The stock had previously closed at $19.71.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Truist Financial reaffirmed a “hold” rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $18.00 to $22.00 in a research report on Tuesday, June 4th. Finally, UBS Group increased their price target on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Kinder Morgan Trading Down 1.8 %

The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50. The company has a 50-day simple moving average of $19.23 and a 200-day simple moving average of $18.18. The stock has a market cap of $43.81 billion, a P/E ratio of 17.95, a P/E/G ratio of 3.17 and a beta of 0.92.

Kinder Morgan (NYSE:KMI) last announced 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. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the firm earned $0.30 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 5.83%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, April 29th. Kinder Morgan’s payout ratio is presently 104.55%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value of $987,500.00. Following the completion of the transaction, the vice president now directly owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the transaction, the director now directly owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value of $987,500.00. Following the sale, the vice president now owns 259,069 shares in the company, valued at approximately $5,116,612.75. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.

Institutional Trading of Kinder Morgan

Several institutional investors and hedge funds have recently bought and sold shares of the business. Tucker Asset Management LLC acquired a new position in shares of Kinder Morgan in the third quarter valued at approximately $25,000. True Wealth Design LLC grew its position in shares of Kinder Morgan by 3,655.3% in the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 1,389 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $26,000. Activest Wealth Management acquired a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $30,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Kinder Morgan in the first quarter valued at approximately $30,000. Institutional investors own 62.52% of the company’s stock.

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.