Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 52.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,475 shares of the pipeline company’s stock after buying an additional 14,585 shares during the period. Foundations Investment Advisors LLC’s holdings in Kinder Morgan were worth $938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan in the third quarter valued at $28,000. Pathway Financial Advisers LLC purchased a new position in Kinder Morgan during the first quarter worth about $30,000. HWG Holdings LP acquired a new stake in shares of Kinder Morgan during the second quarter valued at about $30,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan in the 1st quarter valued at approximately $31,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Kinder Morgan in the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $24.99 on Friday. Kinder Morgan, Inc. has a 12 month low of $15.91 and a 12 month high of $25.43. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The firm has a market capitalization of $55.46 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 3.27 and a beta of 0.93. The business’s fifty day moving average price is $22.35 and its 200 day moving average price is $20.61.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s payout ratio is 104.55%.

Wall Street Analyst Weigh In

KMI has been the subject of several research reports. Bank of America initiated coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. UBS Group raised their target price on Kinder Morgan from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday. Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Finally, Barclays raised their price objective on shares of Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.91.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Dax Sanders sold 1,729 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the sale, the vice president now directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. This represents a 0.00 % 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 this hyperlink. Also, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the transaction, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 817,040 shares of company stock valued at $19,747,879 in the last ninety days. Insiders own 12.64% of the company’s stock.

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.