Kinder Morgan (NYSE:KMI) Hits New 12-Month High – Here’s What Happened

Kinder Morgan, Inc. (NYSE:KMI) reached a new 52-week high during trading on Wednesday . The stock traded as high as $32.58 and last traded at $32.08, with a volume of 12211790 shares traded. The stock had previously closed at $32.32.

Analysts Set New Price Targets

A number of research firms recently commented on KMI. Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. UBS Group restated a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a research report on Friday, December 12th. Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Mizuho dropped their price objective on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Finally, Scotiabank increased their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $32.38.

Kinder Morgan Price Performance

The company has a market capitalization of $71.37 billion, a PE ratio of 23.42, a P/E/G ratio of 2.66 and a beta of 0.70. The firm has a fifty day simple moving average of $28.51 and a 200 day simple moving average of $27.58. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.64.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The business’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 EPS. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.2925 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.6%. Kinder Morgan’s dividend payout ratio (DPR) is currently 85.40%.

Insider Buying and Selling

In other news, CFO David Patrick Michels sold 20,000 shares of Kinder Morgan stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the transaction, the chief financial officer directly owned 139,428 shares in the company, valued at approximately $4,182,840. This trade represents a 12.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $27.49, for a total value of $169,503.34. Following the sale, the vice president owned 201,204 shares of the company’s stock, valued at $5,531,097.96. This trade represents a 2.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 38,498 shares of company stock valued at $1,126,515 over the last 90 days. Corporate insiders own 12.73% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KMI. Brighton Jones LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth $308,000. Nordea Investment Management AB increased its position in Kinder Morgan by 9.9% during the 2nd quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock valued at $4,270,000 after buying an additional 13,150 shares in the last quarter. Lyell Wealth Management LP raised its stake in Kinder Morgan by 36.1% in the second quarter. Lyell Wealth Management LP now owns 12,519 shares of the pipeline company’s stock valued at $368,000 after buying an additional 3,319 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in Kinder Morgan by 11.4% in the second quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock worth $2,042,000 after acquiring an additional 7,081 shares in the last quarter. Finally, Klingman & Associates LLC purchased a new stake in shares of Kinder Morgan during the second quarter worth about $238,000. Institutional investors own 62.52% of the company’s stock.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.