JPMorgan Chase & Co. Trims Kinder Morgan (KMI) Target Price to $21.00

Kinder Morgan (NYSE:KMI) had its price target reduced by analysts at JPMorgan Chase & Co. from $22.00 to $21.00 in a note issued to investors on Monday. The firm currently has an “overweight” rating on the pipeline company’s stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 22.02% from the stock’s current price.

Several other equities research analysts have also recently weighed in on KMI. Goldman Sachs Group cut shares of Kinder Morgan from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $18.81 to $22.00 in a research report on Tuesday, October 17th. Zacks Investment Research cut shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Citigroup reduced their price target on shares of Kinder Morgan from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 17th. SunTrust Banks set a $23.00 price objective on shares of Kinder Morgan and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, Mizuho reiterated a “hold” rating and set a $22.00 price objective on shares of Kinder Morgan in a research report on Friday, October 20th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $22.56.

Shares of Kinder Morgan (NYSE:KMI) traded down $0.03 on Monday, reaching $17.21. 907,238 shares of the company traded hands, compared to its average volume of 17,670,000. Kinder Morgan has a 12 month low of $16.56 and a 12 month high of $22.70. The company has a market capitalization of $38,430.00, a PE ratio of 1,721.00, a PEG ratio of 1.17 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the previous year, the business posted $0.08 earnings per share. Kinder Morgan’s quarterly revenue was up 7.2% on a year-over-year basis. analysts anticipate that Kinder Morgan will post 0.82 earnings per share for the current year.

In related news, Director William A. Smith bought 5,500 shares of the stock in a transaction dated Monday, January 22nd. The stock was purchased at an average cost of $19.52 per share, with a total value of $107,360.00. Following the completion of the purchase, the director now owns 14,587 shares of the company’s stock, valued at $284,738.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Thomas A. Martin bought 3,000 shares of the stock in a transaction dated Tuesday, December 5th. The shares were bought at an average cost of $17.10 per share, with a total value of $51,300.00. The disclosure for this purchase can be found here. Insiders own 13.99% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Welch Investments LLC purchased a new stake in shares of Kinder Morgan during the third quarter valued at $102,000. Valeo Financial Advisors LLC purchased a new stake in shares of Kinder Morgan during the third quarter valued at $104,000. Sit Investment Associates Inc. boosted its stake in shares of Kinder Morgan by 237.1% during the fourth quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock valued at $122,000 after purchasing an additional 4,730 shares during the period. Cerebellum GP LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at $126,000. Finally, Goodman Financial Corp purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at $126,000. 60.42% of the stock is owned by hedge funds and other institutional investors.

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Kinder Morgan Company Profile

Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.

Analyst Recommendations for Kinder Morgan (NYSE:KMI)

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