Kinder Morgan (NYSE:KMI) Reaches New 52-Week High – What’s Next?

Kinder Morgan, Inc. (NYSE:KMI) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $29.58 and last traded at $29.43, with a volume of 12100402 shares changing hands. The stock had previously closed at $29.12.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Truist Financial increased their price target on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a research report on Friday, October 18th. Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. UBS Group raised their target price on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada upped their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.67.

Kinder Morgan Trading Up 1.1 %

The company has a 50 day moving average of $27.47 and a 200 day moving average of $23.91. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The stock has a market capitalization of $65.38 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 3.87 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly 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 business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. On average, research analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This trade represents a 9.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 745,263 shares of company stock worth $18,578,014. Insiders own 12.64% of the company’s stock.

Institutional Trading of Kinder Morgan

Hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in Kinder Morgan by 1.6% in the second quarter. American Century Companies Inc. now owns 346,183 shares of the pipeline company’s stock valued at $6,879,000 after acquiring an additional 5,402 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Kinder Morgan by 2.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 88,969 shares of the pipeline company’s stock valued at $1,768,000 after purchasing an additional 2,356 shares during the period. J.W. Cole Advisors Inc. lifted its stake in shares of Kinder Morgan by 11.0% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 24,103 shares of the pipeline company’s stock valued at $479,000 after purchasing an additional 2,385 shares during the last quarter. One Capital Management LLC purchased a new position in shares of Kinder Morgan during the 2nd quarter worth $507,000. Finally, Edgestream Partners L.P. acquired a new stake in shares of Kinder Morgan during the 2nd quarter worth about $213,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

About Kinder Morgan

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.