Kinder Morgan (NYSE:KMI) Sets New 1-Year High – What’s Next?

Kinder Morgan, Inc. (NYSE:KMI) hit a new 52-week high during trading on Tuesday . The company traded as high as $34.81 and last traded at $34.3570, with a volume of 9029478 shares trading hands. The stock had previously closed at $33.78.

Analysts Set New Price Targets

A number of brokerages have commented on KMI. Morgan Stanley boosted their target price on Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Stifel Nicolaus upped their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday, March 13th. Royal Bank Of Canada upped their price target on Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Monday, March 30th. Citigroup upped their price target on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 30th. Finally, Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.20.

Kinder Morgan Stock Performance

The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. The company has a market cap of $76.44 billion, a P/E ratio of 23.06, a P/E/G ratio of 2.88 and a beta of 0.56. The firm has a 50 day moving average price of $32.73 and a 200-day moving average price of $30.03.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.10. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The business had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter in the previous year, the firm earned $0.34 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, research analysts predict that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a dividend of $0.2975 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 annualized dividend and a dividend yield of 3.5%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is presently 79.87%.

Insider Activity

In related news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $33.67, for a total transaction of $207,609.22. Following the completion of the transaction, the vice president owned 188,872 shares of the company’s stock, valued at approximately $6,359,320.24. The trade was a 3.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $31.72, for a total value of $49,166.00. Following the transaction, the vice president directly owned 44,843 shares of the company’s stock, valued at $1,422,419.96. This represents a 3.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,598 shares of company stock valued at $711,277 in the last three months. 12.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Kinder Morgan

Large investors have recently added to or reduced their stakes in the company. Board of the Pension Protection Fund acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $27,000. Commonwealth Retirement Investments LLC acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Kinder Morgan in the 1st quarter worth approximately $28,000. Acumen Wealth Advisors LLC bought a new stake in Kinder Morgan during the 4th quarter worth approximately $28,000. Finally, Dorato Capital Management acquired a new stake in Kinder Morgan during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

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.