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

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Scotiabank boosted their price target on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 17th. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Barclays lifted their price objective on Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, July 19th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.09.

Kinder Morgan Stock Up 7.0 %

The stock has a fifty day moving average price of $22.97 and a two-hundred day moving average price of $21.04. The firm has a market capitalization of $58.74 billion, a P/E ratio of 21.68, a P/E/G ratio of 2.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Kinder Morgan’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter last year, the company posted $0.25 EPS. Research analysts forecast that Kinder Morgan, Inc. will post 1.19 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. Stockholders of record on Thursday, October 31st will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.35%. Kinder Morgan’s payout ratio is 100.88%.

Insider Activity at Kinder Morgan

In related news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares of the company’s stock, valued at $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director C Park Shaper sold 690,142 shares of the 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 owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Dax Sanders sold 1,729 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kinder Morgan

Hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Asset Management Inc boosted its position in shares of Kinder Morgan by 6.9% in the 3rd quarter. CIBC Asset Management Inc now owns 341,054 shares of the pipeline company’s stock worth $7,534,000 after purchasing an additional 22,151 shares during the last quarter. Sargent Investment Group LLC increased its holdings in shares of Kinder Morgan by 2.6% in the third quarter. Sargent Investment Group LLC now owns 87,339 shares of the pipeline company’s stock worth $1,929,000 after acquiring an additional 2,245 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Kinder Morgan by 10.2% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 87,736 shares of the pipeline company’s stock worth $1,938,000 after purchasing an additional 8,120 shares during the period. Curi RMB Capital LLC lifted its holdings in shares of Kinder Morgan by 1.1% during the 3rd quarter. Curi RMB Capital LLC now owns 691,613 shares of the pipeline company’s stock valued at $15,278,000 after purchasing an additional 7,289 shares in the last quarter. Finally, Planning Capital Management Corp boosted its holdings in shares of Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares during the period. Institutional investors 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.