Kinder Morgan Canada (KML) Sets New 1-Year High at $18.69

Shares of Kinder Morgan Canada Ltd (TSE:KML) reached a new 52-week high during trading on Wednesday . The company traded as high as C$18.69 and last traded at C$18.50, with a volume of 93197 shares. The stock had previously closed at C$18.47.

KML has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their price objective on Kinder Morgan Canada from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Tuesday, December 5th. National Bank Financial upped their price objective on Kinder Morgan Canada from C$17.00 to C$19.00 and gave the stock a “sector perform” rating in a report on Monday, January 29th. Scotiabank dropped their price objective on Kinder Morgan Canada from C$24.00 to C$23.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Finally, TD Securities dropped their price objective on Kinder Morgan Canada from C$26.00 to C$25.00 in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Kinder Morgan Canada presently has a consensus rating of “Buy” and an average price target of C$21.67.

The firm has a market capitalization of $1,860.00 and a price-to-earnings ratio of 59.75.

The company 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 $0.162 per share. The ex-dividend date was Tuesday, January 30th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.39%. Kinder Morgan Canada’s payout ratio is 17.84%.

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Kinder Morgan Canada Company Profile

Kinder Morgan Canada Ltd is a Canada-based energy infrastructure company. The Company operates the Business, comprised of a number of pipeline systems and terminal facilities including the Trans Mountain pipeline, the Canadian portion of the Cochin pipeline, the Puget Sound and Trans Mountain Jet Fuel pipelines, the Westridge marine and Vancouver Wharves terminals in British Columbia as well as various crude oil loading facilities in Edmonton, Alberta.

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