Kinder Morgan (NYSE:KMI) Reaches New 1-Year High at $21.86

Kinder Morgan, Inc. (NYSE:KMI)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $21.86 and last traded at $21.84, with a volume of 10181866 shares changing hands. The stock had previously closed at $21.59.

Analyst Ratings Changes

A number of research analysts have weighed in on KMI shares. Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Royal Bank of Canada increased their price objective on Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 30th. Truist Financial lifted their target price on Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. upped their price target on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Kinder Morgan currently has an average rating of “Hold” and an average price target of $22.55.

Kinder Morgan Trading Up 0.9 %

The business’s 50 day simple moving average is $21.13 and its 200 day simple moving average is $19.68. The stock has a market cap of $48.36 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 2.90 and a beta of 0.93. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.24 earnings per share. On average, research analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s payout ratio is presently 104.55%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total value of $2,101,000.00. Following the transaction, the president now directly owns 916,773 shares in the company, valued at $19,261,400.73. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, President Thomas A. Martin sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the sale, the president now owns 916,773 shares in the company, valued at $19,261,400.73. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Sital K. Mody sold 25,169 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.04, for a total value of $529,555.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 148,311 shares of company stock worth $3,121,891. Company insiders own 12.64% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

Institutional investors have recently modified their holdings of the business. True Wealth Design LLC raised its stake in Kinder Morgan by 3,655.3% in the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 1,389 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of Kinder Morgan in the first quarter valued at approximately $30,000. HWG Holdings LP bought a new stake in shares of Kinder Morgan in the second quarter valued at approximately $30,000. OFI Invest Asset Management acquired a new stake in Kinder Morgan during the first quarter worth approximately $31,000. Finally, Redmont Wealth Advisors LLC bought a new position in Kinder Morgan during the 1st quarter worth $31,000. 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.