Kinder Morgan (NYSE:KMI) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Kinder Morgan (NYSE:KMI) had its target price boosted by stock analysts at JPMorgan Chase & Co. from $29.00 to $30.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the pipeline company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 8.66% from the company’s previous close.

A number of other research firms have also commented on KMI. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a research report on Monday, March 3rd. Mizuho upped their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Morgan Stanley raised their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Scotiabank upped their target price on shares of Kinder Morgan from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Monday, April 21st. Finally, UBS Group lifted their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $29.79.

Kinder Morgan Price Performance

Shares of KMI stock opened at $27.61 on Tuesday. The firm’s 50 day moving average price is $27.01 and its two-hundred day moving average price is $27.15. The stock has a market cap of $61.35 billion, a PE ratio of 23.60, a PEG ratio of 3.08 and a beta of 0.74. Kinder Morgan has a 52-week low of $18.65 and a 52-week high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, analysts forecast that Kinder Morgan will post 1.25 EPS for the current year.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction 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 $5,881,148.65. This trade represents a 25.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the transaction, the president now owns 807,652 shares in the company, valued at approximately $23,219,995. This represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 111,461 shares of company stock valued at $3,007,516 over the last three months. Insiders own 12.73% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

A number of institutional investors have recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new stake in Kinder Morgan in the 1st quarter valued at $46,000. Foundations Investment Advisors LLC grew its stake in shares of Kinder Morgan by 563.3% in the first quarter. Foundations Investment Advisors LLC now owns 297,667 shares of the pipeline company’s stock valued at $8,492,000 after acquiring an additional 252,791 shares in the last quarter. Maridea Wealth Management LLC bought a new position in Kinder Morgan during the first quarter worth about $447,000. Norden Group LLC boosted its holdings in Kinder Morgan by 17.9% in the 1st quarter. Norden Group LLC now owns 29,789 shares of the pipeline company’s stock valued at $850,000 after purchasing an additional 4,522 shares during the period. Finally, Werba Rubin Papier Wealth Management acquired a new position in shares of Kinder Morgan during the 1st quarter worth approximately $228,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Company Profile

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.