Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Foresight Capital Management Advisors Inc.

Foresight Capital Management Advisors Inc. raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,044 shares of the pipeline company’s stock after purchasing an additional 6,358 shares during the period. Kinder Morgan accounts for 1.7% of Foresight Capital Management Advisors Inc.’s holdings, making the stock its 25th biggest position. Foresight Capital Management Advisors Inc.’s holdings in Kinder Morgan were worth $2,524,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Kinder Morgan by 15.8% in the first quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock worth $3,665,963,000 after buying an additional 27,254,172 shares in the last quarter. Norges Bank acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $409,063,000. Confluence Investment Management LLC acquired a new position in shares of Kinder Morgan during the 1st quarter worth approximately $87,627,000. Castle Hook Partners LP increased its holdings in shares of Kinder Morgan by 108.2% in the first quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock valued at $143,049,000 after purchasing an additional 4,053,793 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP lifted its position in Kinder Morgan by 45.9% during the first quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock worth $182,665,000 after buying an additional 3,135,457 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Up 1.3 %

KMI traded up $0.27 during mid-day trading on Thursday, hitting $21.07. 10,519,387 shares of the stock were exchanged, compared to its average volume of 14,292,370. The company has a market cap of $46.76 billion, a PE ratio of 19.15, a PEG ratio of 2.92 and a beta of 0.93. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $21.86. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. The firm’s fifty day moving average is $20.27 and its two-hundred day moving average is $18.81.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $4.13 billion. During the same period in the previous year, the company earned $0.24 earnings per share. Kinder Morgan’s quarterly revenue was up 2.0% on a year-over-year basis. Equities analysts forecast that Kinder Morgan, Inc. will post 1.2 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be paid a dividend of $0.2875 per share. The ex-dividend date is Wednesday, July 31st. This represents a $1.15 annualized dividend and a yield of 5.46%. Kinder Morgan’s payout ratio is 104.55%.

Wall Street Analyst Weigh In

KMI has been the subject of several analyst reports. Royal Bank of Canada upped their target price on Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a report on Tuesday, July 30th. Scotiabank raised their price objective on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 17th. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. UBS Group raised their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Finally, Barclays upped their price objective on Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $22.11.

Insiders Place Their Bets

In related news, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the sale, the vice president now owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total value of $2,101,000.00. Following the completion of the transaction, the president now directly owns 916,773 shares of the company’s stock, valued at $19,261,400.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dax Sanders sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the transaction, the vice president now owns 259,069 shares in the company, valued at $5,116,612.75. The disclosure for this sale can be found here. Insiders have sold a total of 196,582 shares of company stock worth $4,073,082 in the last quarter. 12.64% of the stock is owned by company insiders.

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.