Kinder Morgan (NYSE:KMI) Sets New 52-Week High – Time to Buy?

Kinder Morgan, Inc. (NYSE:KMI)’s stock price reached 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. The stock had previously closed at $33.78.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KMI shares. Stifel Nicolaus boosted their price target on Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a report on Friday, March 13th. Scotiabank lifted their price objective on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, March 26th. Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Morgan Stanley increased their target price on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Finally, Zacks Research raised shares of Kinder Morgan from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Two research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $34.20.

Kinder Morgan Price Performance

The firm has a market capitalization of $74.53 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 2.87 and a beta of 0.56. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. The business has a 50-day moving average price of $32.77 and a two-hundred day moving average price of $30.19.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $4.55 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The business’s revenue for the quarter 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. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $0.2975 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.6%. Kinder Morgan’s dividend payout ratio is 79.87%.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total value of $199,840.06. Following the sale, the vice president owned 176,540 shares in the company, valued at approximately $5,721,661.40. This trade represents a 3.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $33.65, for a total value of $52,157.50. Following the sale, the vice president directly owned 43,293 shares in the company, valued at approximately $1,456,809.45. This trade represents a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 23,148 shares of company stock worth $763,434. 12.72% of the stock is currently owned by insiders.

Institutional Trading of Kinder Morgan

Several large investors have recently added to or reduced their stakes in KMI. 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 stake in Kinder Morgan during the fourth quarter valued at approximately $27,000. Frazier Financial Advisors LLC bought a new stake in Kinder Morgan during the first quarter worth approximately $28,000. Acumen Wealth Advisors LLC acquired a new position in Kinder Morgan in the fourth quarter worth approximately $28,000. Finally, Dorato Capital Management acquired a new position in Kinder Morgan in the fourth quarter worth approximately $30,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

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.