JPMorgan Chase & Co. Boosts Kinder Morgan (NYSE:KMI) Price Target to $23.00

Kinder Morgan (NYSE:KMI) had its target price increased by research analysts at JPMorgan Chase & Co. from $20.00 to $23.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the pipeline company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 9.16% from the company’s current price.

Other equities research analysts have also issued reports about the company. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Friday, July 19th. UBS Group boosted their price objective on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Scotiabank boosted their price objective on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 17th. Finally, Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $18.00 to $22.00 in a research report on Tuesday, June 4th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Kinder Morgan Stock Performance

Shares of KMI stock traded up $0.02 on Thursday, hitting $21.07. The company had a trading volume of 2,328,573 shares, compared to its average volume of 14,081,868. The firm has a market cap of $46.76 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 3.28 and a beta of 0.93. The company has a 50-day moving average price of $19.90 and a 200-day moving average price of $18.57. The company has a quick ratio of 0.38, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. Kinder Morgan has a twelve month low of $15.89 and a twelve month high of $21.86.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The business had revenue of $3.57 billion during the quarter, compared to analyst estimates of $4.13 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 EPS. As a group, equities research analysts predict that Kinder Morgan will post 1.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the transaction, the vice president now directly owns 259,069 shares in the company, valued at $5,116,612.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.64% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. True Wealth Design LLC raised its stake in shares of Kinder Morgan by 3,655.3% in the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 1,389 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at $26,000. Activest Wealth Management acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at $30,000. Pathway Financial Advisers LLC acquired a new stake in shares of Kinder Morgan in the first quarter valued at $30,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Kinder Morgan in the first quarter valued at $31,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

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.