Kinder Morgan (NYSE:KMI) Hits New 1-Year High at $18.88

Kinder Morgan, Inc. (NYSE:KMI) shares reached a new 52-week high on Friday . The company traded as high as $18.88 and last traded at $18.81, with a volume of 7560953 shares trading hands. The stock had previously closed at $18.21.

Analyst Upgrades and Downgrades

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

Kinder Morgan Stock Performance

The business’s fifty day simple moving average is $17.78 and its 200-day simple moving average is $17.40. The company has a market capitalization of $41.81 billion, a P/E ratio of 17.13, a P/E/G ratio of 4.98 and a beta of 0.90. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.50.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.22 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.2875 dividend. The ex-dividend date is Monday, April 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.10%. Kinder Morgan’s dividend payout ratio (DPR) is 102.73%.

Institutional Investors Weigh In On Kinder Morgan

Hedge funds have recently bought and sold shares of the business. SageView Advisory Group LLC raised its position in shares of Kinder Morgan by 3.0% during the 3rd quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock valued at $342,000 after buying an additional 596 shares in the last quarter. Wesbanco Bank Inc. raised its position in Kinder Morgan by 0.4% during the third quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock valued at $2,463,000 after purchasing an additional 599 shares during the period. Chronos Wealth Management LLC lifted its stake in shares of Kinder Morgan by 2.7% in the 3rd quarter. Chronos Wealth Management LLC now owns 22,700 shares of the pipeline company’s stock valued at $376,000 after purchasing an additional 600 shares during the last quarter. Cubic Asset Management LLC lifted its stake in shares of Kinder Morgan by 5.1% in the 4th quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock valued at $217,000 after purchasing an additional 600 shares during the last quarter. Finally, Thoroughbred Financial Services LLC increased its position in shares of Kinder Morgan by 2.1% during the 4th quarter. Thoroughbred Financial Services LLC now owns 30,018 shares of the pipeline company’s stock valued at $529,000 after purchasing an additional 610 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

About Kinder Morgan

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.