JPMorgan Chase & Co. Raises Kinder Morgan (NYSE:KMI) Price Target to $30.00

Kinder Morgan (NYSE:KMI) had its target price raised by equities researchers at JPMorgan Chase & Co. from $29.00 to $30.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the pipeline company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 10.64% from the company’s current price.

KMI has been the topic of several other reports. UBS Group lifted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research note on Monday, March 3rd. Royal Bank of Canada increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 29th. Wells Fargo & Company reiterated an “overweight” rating on shares of Kinder Morgan in a research report on Monday. Finally, Morgan Stanley lifted their price objective on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.79.

Kinder Morgan Stock Performance

KMI stock traded up $0.25 during trading on Tuesday, reaching $27.12. 2,723,532 shares of the stock were exchanged, compared to its average volume of 14,745,834. Kinder Morgan has a twelve month low of $18.65 and a twelve month high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $60.25 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The stock has a 50 day simple moving average of $26.98 and a 200-day simple moving average of $27.14.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, sell-side analysts anticipate that Kinder Morgan will post 1.25 earnings per share for the current year.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now owns 843,652 shares of the company’s stock, valued at $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the sale, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 129,461 shares of company stock worth $3,506,116. Insiders own 12.73% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

Hedge funds and other institutional investors have recently bought and sold shares of the business. Retirement Wealth Solutions LLC bought a new stake in Kinder Morgan in the fourth quarter valued at about $25,000. Centricity Wealth Management LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $25,000. Hurley Capital LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $25,000. Sierra Ocean LLC boosted its stake in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 788 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in Kinder Morgan during the fourth quarter valued at approximately $26,000. 62.52% of the stock is owned by 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.