NEW YORK ( TheStreet) -- Kinder Morgan Energy Partners (NYSE: KMP) hit a new 52-week high Tuesday as it is currently trading at $90.07, above its previous 52-week high of $90 with 498,652 shares traded as of 11:50 a.m. ET. Average volume has been 621,200 shares over the past 30 days. Kinder Morgan Energy has a market cap of $20.39 billion and is part of the basic materials sector and energy industry. Shares are up 5.5% year to date as of the close of trading on Friday. Kinder Morgan Energy Partners, L.P. owns and manages energy transportation and storage assets. The company has a P/E ratio of 358.4, below the average energy industry P/E ratio of 551.9 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Kinder Morgan Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, expanding profit margins, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Kinder Morgan Energy Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.