Foundations Investment Advisors LLC Has $1.42 Million Stock Holdings in Kinder Morgan, Inc. $KMI

Foundations Investment Advisors LLC lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 86.1% in the third quarter, HoldingsChannel reports. The fund owned 50,038 shares of the pipeline company’s stock after selling 310,758 shares during the period. Foundations Investment Advisors LLC’s holdings in Kinder Morgan were worth $1,417,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of KMI. Vanguard Group Inc. increased its holdings in shares of Kinder Morgan by 1.5% during the second quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock worth $6,092,253,000 after purchasing an additional 3,070,609 shares during the period. Geode Capital Management LLC increased its stake in Kinder Morgan by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company’s stock worth $1,518,195,000 after acquiring an additional 599,152 shares during the period. Norges Bank acquired a new position in Kinder Morgan in the 2nd quarter valued at $1,162,802,000. Orbis Allan Gray Ltd raised its holdings in Kinder Morgan by 3.1% in the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock valued at $665,474,000 after acquiring an additional 670,856 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Kinder Morgan by 2.8% during the 2nd quarter. Invesco Ltd. now owns 21,949,329 shares of the pipeline company’s stock valued at $645,310,000 after acquiring an additional 603,197 shares during the period. 62.52% of the stock is owned by institutional investors.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the transaction, the vice president directly owned 201,204 shares of the company’s stock, valued at $5,531,097.96. This trade represents a 2.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Patrick Michels sold 20,000 shares of Kinder Morgan stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the transaction, the chief financial officer directly owned 139,428 shares in the company, valued at $4,182,840. The trade was a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 38,498 shares of company stock valued at $1,107,462 in the last ninety days. 12.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. UBS Group reaffirmed a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a report on Friday, December 12th. Freedom Capital raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Finally, Jefferies Financial Group upped their target price on Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.38.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $30.50 on Friday. The company’s 50 day moving average price is $27.57 and its two-hundred day moving average price is $27.29. The firm has a market capitalization of $67.85 billion, a P/E ratio of 22.26, a P/E/G ratio of 2.45 and a beta of 0.69. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $30.57. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.49.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the prior year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, February 2nd. Kinder Morgan’s dividend payout ratio (DPR) is presently 85.40%.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.