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

Kinder Morgan (NYSE:KMI - Get Free Report) had its price target upped by stock analysts at JPMorgan Chase & Co. from $28.00 to $29.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the pipeline company's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 8.58% from the company's previous close.

A number of other brokerages also recently issued reports on KMI. Morgan Stanley raised their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Truist Financial raised their target price on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group lifted their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Mizuho increased their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada boosted their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Monday. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Kinder Morgan presently has an average rating of "Moderate Buy" and a consensus price target of $29.64.

Kinder Morgan Trading Down 1.0 %

NYSE KMI traded down $0.28 on Wednesday, reaching $26.71. 520,284 shares of the company were exchanged, compared to its average volume of 15,404,251. 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 business's fifty day moving average price is $27.76 and its 200 day moving average price is $25.64. The stock has a market capitalization of $59.35 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Kinder Morgan has a fifty-two week low of $17.45 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Analysts forecast that Kinder Morgan will post 1.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 75,461 shares of the company's 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 sale, the vice president now owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the transaction, the president now owns 843,652 shares of the company's stock, valued at approximately $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 111,461 shares of company stock worth $3,012,016 in the last ninety days. 12.64% of the stock is owned by corporate insiders.

Institutional Trading of Kinder Morgan

Large investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $917,523,000. Raymond James Financial Inc. acquired a new position in shares of Kinder Morgan during the fourth quarter worth $157,804,000. Blackstone Inc. increased its holdings in Kinder Morgan by 435.0% in the fourth quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock valued at $119,416,000 after buying an additional 3,543,670 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in Kinder Morgan in the fourth quarter valued at $87,729,000. Finally, Amundi lifted its holdings in Kinder Morgan by 28.9% during the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock worth $334,381,000 after buying an additional 2,650,040 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

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.

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