Kinder Morgan (NYSE:KMI) Reaches New 1-Year High at $18.31

Kinder Morgan, Inc. (NYSE:KMIGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $18.31 and last traded at $18.24, with a volume of 3440284 shares trading hands. The stock had previously closed at $18.03.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Hold” and an average target price of $20.25.

View Our Latest Stock Report on KMI

Kinder Morgan Stock Performance

The stock’s 50 day moving average price is $17.32 and its 200 day moving average price is $17.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.28 and a current ratio of 0.35. The company has a market capitalization of $40.19 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 5.07 and a beta of 0.90.

Kinder Morgan (NYSE:KMIGet Free Report) last posted its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.40 billion. Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 earnings per share. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were issued a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date was Tuesday, January 30th. Kinder Morgan’s dividend payout ratio is currently 105.61%.

Insider Activity

In related news, VP John W. Schlosser sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $18.00, for a total transaction of $135,000.00. Following the transaction, the vice president now directly owns 3,219 shares of the company’s stock, valued at $57,942. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 12.64% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Fairfield Bush & CO. bought a new stake in Kinder Morgan in the first quarter worth about $93,000. American Century Companies Inc. raised its position in shares of Kinder Morgan by 12.3% in the first quarter. American Century Companies Inc. now owns 91,931 shares of the pipeline company’s stock valued at $1,739,000 after purchasing an additional 10,079 shares during the period. Acadian Asset Management LLC raised its position in shares of Kinder Morgan by 48,564.7% in the first quarter. Acadian Asset Management LLC now owns 8,273 shares of the pipeline company’s stock valued at $156,000 after purchasing an additional 8,256 shares during the period. Synovus Financial Corp grew its stake in Kinder Morgan by 1.6% during the first quarter. Synovus Financial Corp now owns 90,218 shares of the pipeline company’s stock valued at $1,705,000 after acquiring an additional 1,408 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in Kinder Morgan during the first quarter valued at approximately $263,000. 62.33% of the stock is owned by institutional investors.

About Kinder Morgan

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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.

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