NEW YORK (

TheStreet

) --

Kinder Morgan Energy Partners

(NYSE:

KMP

) hit a new 52-week high Thursday as it is currently trading at $84.24, above its previous 52-week high of $84.21 with 523,761 shares traded as of 4:03 p.m. ET. Average volume has been 704,500 shares over the past 30 days.

Kinder Morgan Energy has a market cap of $19.61 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 18.2% year to date as of the close of trading on Wednesday.

Kinder Morgan Energy Partners, L.P. owns and manages energy transportation and storage assets. The company has a P/E ratio of 553.5, above the average energy industry P/E ratio of 518.9 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Kinder Morgan Energy as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Kinder Morgan Energy Ratings Report

.

See all

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or get investment ideas from our

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.

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