Kinder Morgan (NYSE:KMI) Reaches New 52-Week High at $21.98

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Kinder Morgan Inc (NYSE:KMI) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $21.98 and last traded at $21.90, with a volume of 2986090 shares changing hands. The stock had previously closed at $21.81.

Several analysts have issued reports on KMI shares. ValuEngine raised Kinder Morgan from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 8th. Goldman Sachs Group downgraded Kinder Morgan from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research note on Thursday, October 24th. Mizuho reissued a “buy” rating and issued a $23.00 price target on shares of Kinder Morgan in a research note on Thursday, January 30th. Barclays downgraded Kinder Morgan from an “overweight” rating to an “equal weight” rating and set a $23.00 target price on the stock. in a research report on Tuesday, January 14th. Finally, US Capital Advisors downgraded Kinder Morgan from an “overweight” rating to a “hold” rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $21.92.

The company has a debt-to-equity ratio of 0.93, a current ratio of 0.35 and a quick ratio of 0.29. The business has a 50-day moving average of $21.28 and a 200-day moving average of $20.53. The firm has a market cap of $49.76 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 4.41 and a beta of 0.81.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 22nd. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.62 billion. Kinder Morgan had a return on equity of 6.27% and a net margin of 16.58%. Kinder Morgan’s quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. As a group, equities analysts anticipate that Kinder Morgan Inc will post 0.97 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend is Friday, January 31st. Kinder Morgan’s payout ratio is currently 105.26%.

In other Kinder Morgan news, Director Fayez Sarofim purchased 200,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average price of $20.10 per share, for a total transaction of $4,020,000.00. Following the completion of the acquisition, the director now owns 29,373,127 shares of the company’s stock, valued at approximately $590,399,852.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard D. Kinder purchased 59,624 shares of Kinder Morgan stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of $20.14 per share, with a total value of $1,200,827.36. Following the acquisition, the chairman now directly owns 243,139,120 shares of the company’s stock, valued at approximately $4,896,821,876.80. The disclosure for this purchase can be found here. Insiders have purchased 559,624 shares of company stock valued at $11,142,827 in the last quarter. 13.95% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. State Street Corp raised its position in shares of Kinder Morgan by 8.4% in the fourth quarter. State Street Corp now owns 104,650,289 shares of the pipeline company’s stock valued at $2,215,447,000 after buying an additional 8,137,878 shares in the last quarter. Charles Schwab Investment Advisory Inc. raised its position in shares of Kinder Morgan by 5.6% in the fourth quarter. Charles Schwab Investment Advisory Inc. now owns 13,636,689 shares of the pipeline company’s stock valued at $288,689,000 after buying an additional 723,056 shares in the last quarter. Cohen & Steers Inc. raised its position in shares of Kinder Morgan by 395.9% in the fourth quarter. Cohen & Steers Inc. now owns 9,996,040 shares of the pipeline company’s stock valued at $211,616,000 after buying an additional 7,980,233 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its position in shares of Kinder Morgan by 7.1% in the third quarter. Kayne Anderson Capital Advisors LP now owns 9,811,524 shares of the pipeline company’s stock valued at $202,204,000 after buying an additional 650,900 shares in the last quarter. Finally, Maple Brown Abbott Ltd raised its position in shares of Kinder Morgan by 0.8% in the fourth quarter. Maple Brown Abbott Ltd now owns 9,305,182 shares of the pipeline company’s stock valued at $196,991,000 after buying an additional 72,460 shares in the last quarter. Institutional investors and hedge funds own 61.98% of the company’s stock.

Kinder Morgan Company Profile (NYSE:KMI)

Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

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