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

Kinder Morgan (NYSE:KMI) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from $36.00 to $37.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the pipeline company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 11.12% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Mizuho lifted their price target on Kinder Morgan from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, October 22nd. UBS Group reaffirmed a “buy” rating on shares of Kinder Morgan in a research note on Tuesday, October 27th. Morgan Stanley increased their price target on shares of Kinder Morgan from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 27th. Citigroup raised their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, October 23rd. Finally, Weiss Ratings upgraded shares of Kinder Morgan from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, October 23rd. Twelve analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.20.

Kinder Morgan Trading Down 1.7%

Shares of Kinder Morgan stock traded down $0.57 during trading on Monday, reaching $33.30. The company’s stock had a trading volume of 1,218,968 shares, compared to its average volume of 12,363,362. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. Kinder Morgan has a 52-week low of $25.60 and a 52-week high of $34.81. The firm’s 50-day moving average is $32.06 and its two-hundred day moving average is $32.03. The company has a market cap of $74.18 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 2.36 and a beta of 0.59.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Kinder Morgan had a net margin of 19.64% and a return on equity of 10.84%. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same period in the previous year, the firm posted $0.29 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, sell-side analysts anticipate that Kinder Morgan will post 1.57 earnings per share for the current year.

Insider Buying and Selling at Kinder Morgan

In other news, VP Michael Garthwaite sold 1,550 shares of the stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the completion of the transaction, the vice president owned 47,313 shares of the company’s stock, valued at approximately $1,592,082.45. This represents a 3.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 12.72% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

A number of institutional investors have recently added to or reduced their stakes in KMI. Evolution Wealth Management Inc. lifted its position in Kinder Morgan by 4,166.7% during the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 750 shares during the period. Transamerica Financial Advisors LLC lifted its holdings in shares of Kinder Morgan by 72.9% during the second quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 328 shares during the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of Kinder Morgan during the first quarter valued at approximately $28,000. Bell Investment Advisors Inc boosted its position in shares of Kinder Morgan by 112.1% in the 2nd quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 500 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC purchased a new stake in shares of Kinder Morgan in the 2nd quarter worth approximately $32,000. Institutional investors own 62.52% of the company’s stock.

About Kinder Morgan

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.