Kinder Morgan (NYSE:KMI) Reaches New 52-Week High Following Analyst Upgrade

Shares of Kinder Morgan, Inc. (NYSE:KMI) hit a new 52-week high on Monday after UBS Group raised their price target on the stock from $30.00 to $33.00. UBS Group currently has a buy rating on the stock. Kinder Morgan traded as high as $27.68 and last traded at $27.63, with a volume of 2369246 shares trading hands. The stock had previously closed at $27.27.

Several other equities research analysts also recently weighed in on the company. Truist Financial increased their price target on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Argus upgraded 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. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a research report on Friday, October 18th. Royal Bank of Canada lifted their price target 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. Finally, Stifel Nicolaus increased their price target on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.36.

Insider Buying and Selling

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the sale, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. The trade was a 9.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the sale, the president now directly owns 897,652 shares of the company’s stock, valued at $23,590,294.56. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. 12.81% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kinder Morgan

Large investors have recently modified their holdings of the stock. Acadian Asset Management LLC increased its stake in Kinder Morgan by 186.8% in the 1st quarter. Acadian Asset Management LLC now owns 47,437 shares of the pipeline company’s stock valued at $868,000 after buying an additional 30,899 shares during the period. Covestor Ltd raised its stake in shares of Kinder Morgan by 41.4% in the 1st quarter. Covestor Ltd now owns 4,084 shares of the pipeline company’s stock valued at $75,000 after acquiring an additional 1,196 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in Kinder Morgan by 326.0% during the first quarter. UniSuper Management Pty Ltd now owns 77,753 shares of the pipeline company’s stock worth $1,426,000 after purchasing an additional 59,499 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of Kinder Morgan by 6.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 2,545,943 shares of the pipeline company’s stock valued at $46,726,000 after purchasing an additional 144,687 shares during the period. Finally, Pitcairn Co. acquired a new stake in shares of Kinder Morgan in the first quarter worth $202,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Up 1.0 %

The firm has a market capitalization of $62.36 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 3.75 and a beta of 0.91. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The business’s 50 day moving average is $24.12 and its 200-day moving average is $21.64.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the company earned $0.25 earnings per share. Kinder Morgan’s revenue for the quarter was down 5.3% compared to the same quarter last year. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.10%. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Kinder Morgan Company Profile

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.