Kinder Morgan (NYSE:KMI) Reaches New 12-Month High at $22.33

Kinder Morgan, Inc. (NYSE:KMI) reached a new 52-week high on Tuesday . The stock traded as high as $22.33 and last traded at $22.33, with a volume of 697522 shares. The stock had previously closed at $22.09.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KMI. Scotiabank increased their target price on Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday, July 17th. Barclays lifted their target price on Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Stifel Nicolaus increased their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Friday, July 19th. Finally, Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $18.00 to $22.00 in a research note on Tuesday, June 4th. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $22.55.

Kinder Morgan Stock Up 1.9 %

The firm has a market cap of $49.94 billion, a P/E ratio of 20.09, a P/E/G ratio of 3.09 and a beta of 0.93. The business’s fifty day moving average price is $21.30 and its two-hundred day moving average price is $19.92. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90.

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

Kinder Morgan Dividend Announcement

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

Insiders Place Their Bets

In related news, VP Sital K. Mody sold 21,413 shares of the stock in a transaction that occurred 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 sale, the vice president now owns 25,169 shares in the company, valued at approximately $534,841.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other 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 transaction, the vice president now owns 25,169 shares in the company, valued at approximately $534,841.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Dax Sanders sold 1,729 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The disclosure for this sale can be found here. Insiders sold a total of 148,311 shares of company stock valued at $3,121,891 in the last quarter. Insiders own 12.64% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Kinder Morgan by 15.8% in the first quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock valued at $3,665,963,000 after acquiring an additional 27,254,172 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Kinder Morgan by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock valued at $335,891,000 after purchasing an additional 257,658 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Kinder Morgan by 23.6% in the 1st quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock valued at $204,319,000 after purchasing an additional 2,125,648 shares during the period. Energy Income Partners LLC raised its holdings in shares of Kinder Morgan by 2.6% in the 1st quarter. Energy Income Partners LLC now owns 10,717,452 shares of the pipeline company’s stock worth $196,558,000 after buying an additional 272,648 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP lifted its position in shares of Kinder Morgan by 45.9% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock worth $182,665,000 after buying an additional 3,135,457 shares during the period. 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.