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

Kinder Morgan (NYSE:KMI - Get Free Report) had its price objective upped by research analysts at JPMorgan Chase & Co. from $29.00 to $30.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the pipeline company's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 9.81% from the stock's current price.

A number of other equities analysts also recently issued reports on KMI. Citigroup increased their price target on Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Royal Bank of Canada boosted their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Scotiabank increased their price objective on shares of Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a research note on Monday, April 21st. Truist Financial boosted their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Finally, Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target on the stock in a report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.79.

Kinder Morgan Trading Up 1.0 %

KMI stock traded up $0.28 during midday trading on Tuesday, reaching $27.32. The company's stock had a trading volume of 8,832,253 shares, compared to its average volume of 14,000,032. The firm has a market capitalization of $60.71 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 3.08 and a beta of 0.74. Kinder Morgan has a 1 year low of $18.83 and a 1 year 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. The stock has a fifty day simple moving average of $27.02 and a two-hundred day simple moving average of $27.20.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The company had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. On average, equities research analysts predict that Kinder Morgan will post 1.25 EPS for the current year.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the sale, the president now directly owns 825,652 shares in the company, valued at approximately $21,970,599.72. The trade was a 2.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the 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 in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock worth $3,503,776 over the last three months. 12.73% of the stock is currently owned by insiders.

Institutional Trading of Kinder Morgan

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

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.