Kinder Morgan Energy Partners Reaches New 52-Week High at $98.67 (KMP)
Kinder Morgan Energy Partners (NYSE:KMP)’s share price hit a new 52-week high during mid-day trading on Monday , AnalystRatings.Net reports. The stock traded as high as $98.67 and last traded at $95.40, with a volume of 29,689,292 shares changing hands. The stock had previously closed at $80.34.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Kinder Morgan Energy Partners in a research note on Thursday. They now have a $81.00 price target on the stock, up previously from $77.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Kinder Morgan Energy Partners in a research note on Thursday, July 24th. They now have a $89.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Kinder Morgan Energy Partners from $90.00 to $92.00 in a research note on Thursday, July 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $77.33.
The stock’s 50-day moving average is $81.77 and its 200-day moving average is $78.07. The company has a market cap of $43.456 billion and a price-to-earnings ratio of 32.06.
Kinder Morgan Energy Partners (NYSE:KMP) last released its earnings data on Wednesday, July 16th. The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.54 by $0.11. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter last year, the company posted $0.49 earnings per share. Kinder Morgan Energy Partners’s revenue was up 18.6% compared to the same quarter last year. Analysts expect that Kinder Morgan Energy Partners will post $2.80 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Investors of record on Thursday, July 31st will be given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date of this dividend is Tuesday, July 29th. This is an increase from Kinder Morgan Energy Partners’s previous quarterly dividend of $1.38.
Kinder Morgan Energy Partners, L.P. (NYSE:KMP) is a pipeline transportation and energy storage company in North America.
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