Kinder Morgan (NYSE:KMI) Sets New 52-Week High at $18.55

Shares of Kinder Morgan, Inc. (NYSE:KMIGet Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $18.55 and last traded at $18.52, with a volume of 362058 shares trading hands. The stock had previously closed at $18.42.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KMI. Truist Financial reissued a “hold” rating and set a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Kinder Morgan has an average rating of “Hold” and a consensus price target of $20.20.

Check Out Our Latest Research Report on KMI

Kinder Morgan Stock Performance

The stock has a 50 day moving average of $17.41 and a 200 day moving average of $17.24. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $41.17 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 5.18 and a beta of 0.90.

Kinder Morgan (NYSE:KMIGet Free Report) last posted its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.40 billion. Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. Kinder Morgan’s revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share. As a group, analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders 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 6.09%. Kinder Morgan’s payout ratio is currently 105.61%.

Institutional Investors Weigh In On Kinder Morgan

A number of hedge funds have recently added to or reduced their stakes in the business. Centre Asset Management LLC increased its holdings in Kinder Morgan by 13.3% in the first quarter. Centre Asset Management LLC now owns 630,209 shares of the pipeline company’s stock worth $11,558,000 after purchasing an additional 73,745 shares in the last quarter. Confluence Investment Management LLC bought a new stake in shares of Kinder Morgan during the first quarter valued at approximately $87,627,000. Newbridge Financial Services Group Inc. increased its holdings in shares of Kinder Morgan by 89.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 8,012 shares of the pipeline company’s stock valued at $141,000 after acquiring an additional 3,773 shares in the last quarter. HighPoint Advisor Group LLC bought a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $945,000. Finally, Quadrature Capital Ltd increased its holdings in shares of Kinder Morgan by 12.6% during the fourth quarter. Quadrature Capital Ltd now owns 733,853 shares of the pipeline company’s stock valued at $12,941,000 after acquiring an additional 82,100 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Company Profile

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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.

Further Reading

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