Kinder Morgan (NYSE:KMI) Reaches New 1-Year High at $22.33

Kinder Morgan, Inc. (NYSE:KMI)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.33 and last traded at $22.33, with a volume of 697522 shares traded. The stock had previously closed at $22.09.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 30th. Argus raised 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. Scotiabank raised their price target on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 17th. Truist Financial increased their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, Morgan Stanley upgraded shares of Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 target price for the company in a report on Monday, September 16th. Nine research 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $22.55.

Kinder Morgan Stock Performance

The company has a fifty day moving average of $21.30 and a two-hundred day moving average of $19.92. The stock has a market capitalization of $49.94 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28.

Kinder Morgan (NYSE:KMI) last posted its quarterly 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). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same period in the prior year, the company posted $0.24 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

Insiders Place Their Bets

In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of the business’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the transaction, the vice president now directly owns 25,169 shares of the company’s stock, valued at approximately $534,841.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the transaction, the vice president now owns 25,169 shares in the company, valued at approximately $534,841.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction dated 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 directly owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The disclosure for this sale can be found here. Insiders have sold 148,311 shares of company stock valued at $3,121,891 over the last three months. Company insiders own 12.64% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Kinder Morgan by 15.8% during the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock worth $3,665,963,000 after acquiring an additional 27,254,172 shares in the last quarter. Confluence Investment Management LLC acquired a new position in shares of Kinder Morgan in the 1st quarter valued at $87,627,000. Castle Hook Partners LP increased its stake in Kinder Morgan by 108.2% in the 1st quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock worth $143,049,000 after purchasing an additional 4,053,793 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its stake in Kinder Morgan by 45.9% during the first quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock valued at $182,665,000 after buying an additional 3,135,457 shares in the last quarter. Finally, Duquesne Family Office LLC boosted its holdings in shares of Kinder Morgan by 74.0% in the second quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock worth $134,185,000 after buying an additional 2,872,665 shares during the period. 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.