Kinder Morgan (NYSE:KMI) Given New $32.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised its price target for Kinder Morgan from $30.00 to $32.00, indicating a potential upside of 17.28% from the company's previous close.
• Analysts generally have a positive outlook on Kinder Morgan, with nine analysts
• In the last quarter, Kinder Morgan reported $4.04 billion in revenue, exceeding analyst expectations of $3.75 billion, with a year-over-year revenue increase of 13.2%.

Kinder Morgan (NYSE:KMI - Get Free Report) had its price target raised by equities researchers at JPMorgan Chase & Co. from $30.00 to $32.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the pipeline company's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 17.28% from the company's previous close.

A number of other analysts have also weighed in on the company. Wells Fargo & Company upped their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Royal Bank Of Canada upped 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. Barclays reaffirmed an "overweight" rating and set a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Scotiabank upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Friday, July 18th. Finally, Wolfe Research raised Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research report on Friday. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $31.13.

Kinder Morgan Trading Down 0.4%

Kinder Morgan stock traded down $0.11 during mid-day trading on Monday, hitting $27.29. The company's stock had a trading volume of 4,307,273 shares, compared to its average volume of 14,326,287. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The stock has a market cap of $60.63 billion, a PE ratio of 22.36, a P/E/G ratio of 3.48 and a beta of 0.75. The company has a 50 day moving average of $27.95 and a 200-day moving average of $27.57. Kinder Morgan has a one year low of $19.68 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.28. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. Kinder Morgan's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 earnings per share. On average, research analysts anticipate that Kinder Morgan will post 1.25 EPS for the current year.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the transaction, the president directly owned 771,652 shares of the company's stock, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alhambra Investment Management LLC lifted its stake in Kinder Morgan by 2.3% in the 2nd quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company's stock worth $468,000 after purchasing an additional 363 shares in the last quarter. Relyea Zuckerberg Hanson LLC increased its holdings in Kinder Morgan by 4.2% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company's stock valued at $276,000 after purchasing an additional 374 shares during the last quarter. Morton Capital Management LLC CA increased its holdings in Kinder Morgan by 1.0% in the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock valued at $1,084,000 after purchasing an additional 377 shares during the last quarter. QTR Family Wealth LLC grew its stake in shares of Kinder Morgan by 2.7% in the second quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company's stock worth $423,000 after acquiring an additional 377 shares in the last quarter. Finally, Frank Rimerman Advisors LLC grew its stake in shares of Kinder Morgan by 0.8% in the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock worth $1,396,000 after acquiring an additional 378 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other 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.

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