Foresight Capital Management Advisors Inc. Increases Position in Kinder Morgan, Inc. $KMI

Foresight Capital Management Advisors Inc. boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 136,704 shares of the pipeline company’s stock after acquiring an additional 1,451 shares during the period. Kinder Morgan comprises approximately 2.3% of Foresight Capital Management Advisors Inc.’s holdings, making the stock its 12th biggest holding. Foresight Capital Management Advisors Inc.’s holdings in Kinder Morgan were worth $4,019,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KMI. Alhambra Investment Management LLC raised its stake in Kinder Morgan by 2.3% during the second quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock worth $468,000 after acquiring an additional 363 shares during the period. Relyea Zuckerberg Hanson LLC grew its holdings in shares of Kinder Morgan by 4.2% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock valued at $276,000 after purchasing an additional 374 shares during the last quarter. Morton Capital Management LLC CA raised its position in shares of Kinder Morgan by 1.0% during the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company’s stock worth $1,084,000 after purchasing an additional 377 shares during the period. QTR Family Wealth LLC raised its position in shares of Kinder Morgan by 2.7% during the 2nd quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock worth $423,000 after purchasing an additional 377 shares during the period. Finally, Frank Rimerman Advisors LLC lifted its holdings in shares of Kinder Morgan by 0.8% in the 1st quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company’s stock worth $1,396,000 after purchasing an additional 378 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kinder Morgan news, EVP Dax Sanders sold 30,127 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the transaction, the executive vice president directly owned 292,000 shares of the company’s stock, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy W. Chronis purchased 2,759 shares of the stock in a transaction dated Monday, July 28th. The shares were purchased at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the transaction, the director owned 34,764 shares in the company, valued at $945,928.44. This trade represents a 8.62% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 128,008 shares of company stock valued at $3,553,982. 12.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KMI. Morgan Stanley upped their price objective on Kinder Morgan from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 1st. Scotiabank reduced their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a report on Friday, September 19th. TD Cowen assumed coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating and a $34.00 price target for the company. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, August 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research note on Saturday, September 27th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and an average target price of $31.25.

Kinder Morgan Trading Down 1.9%

NYSE:KMI opened at $27.93 on Tuesday. The stock has a market cap of $62.06 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 3.35 and a beta of 0.78. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. Kinder Morgan, Inc. has a 1 year low of $23.06 and a 1 year high of $31.48. The business has a fifty day moving average of $27.28 and a 200-day moving average of $27.46.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were issued a $0.2925 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.2%. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

About Kinder Morgan

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.