Kinder Morgan (NYSE:KMI) Sets New 12-Month High – What’s Next?

Kinder Morgan, Inc. (NYSE:KMI) hit a new 52-week high on Friday . The company traded as high as $28.82 and last traded at $28.48, with a volume of 1298786 shares trading hands. The stock had previously closed at $28.29.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Royal Bank of Canada boosted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Truist Financial boosted their price objective on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research note on Friday, October 18th. UBS Group upped their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Barclays upped their price target on Kinder Morgan from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus price target of $26.67.

Kinder Morgan Price Performance

The stock has a fifty day moving average of $27.31 and a two-hundred day moving average of $23.76. The stock has a market cap of $62.65 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the company earned $0.25 EPS. The company’s revenue was down 5.3% on a year-over-year basis. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio is presently 100.88%.

Insider Buying and Selling at Kinder Morgan

In related news, Director Amy W. Chronis acquired 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 745,263 shares of company stock valued at $18,578,014. Insiders own 12.81% of the company’s stock.

Institutional Trading of Kinder Morgan

A number of large investors have recently made changes to their positions in KMI. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter valued at $27,000. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan during the third quarter worth about $28,000. HWG Holdings LP purchased a new position in Kinder Morgan during the second quarter worth about $30,000. Planning Capital Management Corp lifted its position in Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares during the period. Finally, HM Payson & Co. lifted its position in Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after buying an additional 1,145 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.