Kinder Morgan (NYSE:KMI) Hits New 12-Month High – Should You Buy?
by Scott Moore · The Cerbat GemShares of Kinder Morgan, Inc. (NYSE:KMI – Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $30.26 and last traded at $30.2460, with a volume of 4168233 shares traded. The stock had previously closed at $29.59.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on KMI. Jefferies Financial Group boosted their price objective on Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. UBS Group reissued a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a research report on Friday, December 12th. TD Cowen lifted their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Morgan Stanley reissued a “buy” rating on shares of Kinder Morgan in a report on Friday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $32.38.
Get Our Latest Research Report on Kinder Morgan
Kinder Morgan Price Performance
The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.64. The stock has a market capitalization of $67.85 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The business’s 50 day simple moving average is $27.57 and its 200-day simple moving average is $27.29.
Kinder Morgan (NYSE:KMI – Get Free Report) last released its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. Research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.
Kinder Morgan Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, February 2nd. Kinder Morgan’s dividend payout ratio (DPR) is 85.40%.
Insider Activity
In other news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $27.49, for a total value of $169,503.34. Following the completion of the sale, the vice president directly owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. This represents a 2.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David Patrick Michels sold 20,000 shares of the stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the transaction, the chief financial officer owned 139,428 shares of the company’s stock, valued at $4,182,840. This trade represents a 12.54% 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 $1,107,462 in the last ninety days. Corporate insiders own 12.73% of the company’s stock.
Hedge Funds Weigh In On Kinder Morgan
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KMI. LFA Lugano Financial Advisors SA bought a new position in shares of Kinder Morgan during the 2nd quarter valued at about $26,000. Board of the Pension Protection Fund acquired a new position in Kinder Morgan in the 4th quarter worth approximately $27,000. Dorato Capital Management acquired a new stake in shares of Kinder Morgan in the fourth quarter worth $30,000. Strategic Advocates LLC purchased a new position in Kinder Morgan during the 3rd quarter valued at about $32,000. Finally, Torren Management LLC purchased a new position in Kinder Morgan during the fourth quarter valued at approximately $32,000. 62.52% of the stock is owned by institutional investors.
Kinder Morgan Company Profile
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.