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

Kinder Morgan (NYSE:KMI - Get Free Report) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from $29.00 to $30.00 in a research 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 target price would suggest a potential upside of 10.62% from the stock's current price.

Several other equities analysts also recently issued reports on the stock. Mizuho increased their price objective 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. 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 report on Monday, March 3rd. Morgan Stanley increased their target price on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. UBS Group lifted their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Citigroup increased their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Seven investment 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $29.79.

Kinder Morgan Stock Performance

Shares of KMI stock traded up $0.08 on Tuesday, hitting $27.12. The company had a trading volume of 1,172,928 shares, compared to its average volume of 13,923,773. Kinder Morgan has a twelve month low of $18.81 and a twelve month high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The firm has a market cap of $60.26 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The company has a 50-day moving average price of $27.01 and a 200-day moving average price of $27.16.

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

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred 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 sale, the president now owns 807,652 shares in the company, valued at approximately $23,219,995. The trade was a 2.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock valued at $3,503,776 over the last 90 days. 12.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kinder Morgan

Several large investors have recently bought and sold shares of the stock. Argent Trust Co grew its position in shares of Kinder Morgan by 4.0% during the first quarter. Argent Trust Co now owns 75,393 shares of the pipeline company's stock worth $2,151,000 after acquiring an additional 2,930 shares during the last quarter. Manchester Capital Management LLC grew its position in Kinder Morgan by 170.5% during the 1st quarter. Manchester Capital Management LLC now owns 1,699 shares of the pipeline company's stock worth $48,000 after purchasing an additional 1,071 shares during the last quarter. Scotia Capital Inc. increased its stake in Kinder Morgan by 37.4% in the first quarter. Scotia Capital Inc. now owns 121,608 shares of the pipeline company's stock valued at $3,469,000 after purchasing an additional 33,105 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Kinder Morgan by 4.8% in the first quarter. PNC Financial Services Group Inc. now owns 439,008 shares of the pipeline company's stock valued at $12,525,000 after buying an additional 19,958 shares during the last quarter. Finally, TIAA Trust National Association grew its holdings in shares of Kinder Morgan by 10.7% during the first quarter. TIAA Trust National Association now owns 9,420 shares of the pipeline company's stock worth $269,000 after buying an additional 913 shares during the last quarter. Institutional investors and hedge funds 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.