Kinder Morgan (NYSE:KMI) Reaches New 52-Week High at $18.88

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report)'s stock price hit a new 52-week high on Friday . The stock 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.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Truist Financial reaffirmed a "hold" rating and issued a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. StockNews.com cut shares of Kinder Morgan from a "buy" rating to a "hold" rating in a report on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Kinder Morgan currently has an average rating of "Hold" and a consensus price target of $20.20.

Kinder Morgan Stock Up 3.5 %

The business's fifty day moving average price is $17.74 and its 200 day moving average price is $17.37. The firm has a market capitalization of $41.81 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 4.97 and a beta of 0.90. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.88.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.34. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The business's revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 EPS. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Increases Dividend

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

Hedge Funds Weigh In On Kinder Morgan

Several hedge funds have recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC increased its holdings in Kinder Morgan by 102,208.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company's stock valued at $742,555,000 after acquiring an additional 41,030,376 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Kinder Morgan by 1,352.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company's stock worth $665,401,000 after purchasing an additional 34,269,435 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Kinder Morgan by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,187,667 shares of the pipeline company's stock worth $506,320,000 after purchasing an additional 317,980 shares during the last quarter. Norges Bank acquired a new stake in shares of Kinder Morgan during the 4th quarter worth about $409,063,000. Finally, Morgan Stanley boosted its position in shares of Kinder Morgan by 8.9% in the fourth quarter. Morgan Stanley now owns 22,573,449 shares of the pipeline company's stock worth $408,128,000 after acquiring an additional 1,846,231 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

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.