Kinder Morgan (NYSE:KMI) Given New $29.00 Price Target at JPMorgan Chase & Co.

Kinder Morgan (NYSE:KMI) had its price objective raised by equities researchers at JPMorgan Chase & Co. from $28.00 to $29.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the pipeline company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 8.58% from the stock’s current price.

A number of other brokerages have also recently commented on KMI. UBS Group lifted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research report on Monday. Citigroup upped their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Truist Financial raised their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, Scotiabank began coverage on Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $29.64.

Kinder Morgan Stock Down 1.0 %

Shares of NYSE KMI traded down $0.28 during mid-day trading on Wednesday, reaching $26.71. The company had a trading volume of 520,284 shares, compared to its average volume of 15,404,251. Kinder Morgan has a 52-week low of $17.45 and a 52-week high of $31.48. The stock has a market cap of $59.35 billion, a P/E ratio of 22.90, a PEG ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The firm has a 50 day simple moving average of $27.76 and a two-hundred day simple moving average of $25.64.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Sell-side analysts predict that Kinder Morgan will post 1.25 earnings per share for the current year.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the transaction, the president now directly owns 843,652 shares of the company’s stock, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 111,461 shares of company stock worth $3,012,016. Company insiders own 12.64% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

Several hedge funds have recently modified their holdings of KMI. Retirement Wealth Solutions LLC purchased a new stake in Kinder Morgan in the 4th quarter worth approximately $25,000. Centricity Wealth Management LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at $25,000. Hurley Capital LLC acquired a new position in Kinder Morgan in the fourth quarter valued at $25,000. Fourth Dimension Wealth LLC purchased a new position in Kinder Morgan during the fourth quarter worth about $26,000. Finally, Modus Advisors LLC purchased a new position in Kinder Morgan during the fourth quarter worth about $27,000. 62.52% of the stock is owned by institutional investors and hedge funds.

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.