Kinder Morgan (NYSE:KMI) Hits New 12-Month High at $18.33

Kinder Morgan, Inc. (NYSE:KMI) hit a new 52-week high during trading on Thursday . The stock traded as high as $18.33 and last traded at $18.22, with a volume of 854568 shares trading hands. The stock had previously closed at $18.15.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial restated a “hold” rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.20.

Kinder Morgan Trading Up 0.3 %

The business’s 50-day moving average price is $17.33 and its two-hundred day moving average price is $17.20. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.28. The firm has a market cap of $40.39 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 5.04 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.40 billion. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Kinder Morgan’s revenue for the quarter was down 11.8% compared to the same quarter last year. Equities analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were issued a $0.2825 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.13 dividend on an annualized basis and a yield of 6.21%. Kinder Morgan’s payout ratio is 105.61%.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $18.00, for a total transaction of $135,000.00. Following the completion of the sale, the vice president now directly owns 3,219 shares in the company, valued at $57,942. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 12.64% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Moneta Group Investment Advisors LLC raised its holdings in Kinder Morgan by 102,208.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock valued at $742,555,000 after acquiring an additional 41,030,376 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Kinder Morgan by 1,352.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock worth $665,401,000 after purchasing an additional 34,269,435 shares during the period. Norges Bank acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $409,063,000. Cohen & Steers Inc. raised its holdings in shares of Kinder Morgan by 1,217.2% during the second quarter. Cohen & Steers Inc. now owns 10,094,105 shares of the pipeline company’s stock worth $173,820,000 after purchasing an additional 9,327,755 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan during the third quarter worth $99,908,000. 62.52% of the stock is owned by institutional investors and hedge funds.

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.