Kinder Morgan, Inc. $KMI Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 2.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 64,761 shares of the pipeline company’s stock after selling 1,340 shares during the quarter. Foster & Motley Inc.’s holdings in Kinder Morgan were worth $1,904,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KMI. Sierra Ocean LLC boosted its stake in shares of Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after buying an additional 788 shares during the period. JNBA Financial Advisors boosted its stake in shares of Kinder Morgan by 669.2% in the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after buying an additional 870 shares during the period. Cranbrook Wealth Management LLC boosted its stake in shares of Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after buying an additional 562 shares during the period. Wolff Wiese Magana LLC purchased a new position in shares of Kinder Morgan in the 2nd quarter valued at about $34,000. Finally, Clearstead Trust LLC purchased a new position in shares of Kinder Morgan in the 1st quarter valued at about $40,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on KMI shares. BMO Capital Markets started coverage on Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective for the company. Cowen assumed coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating for the company. Jefferies Financial Group assumed coverage on Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 target price for the company. Wells Fargo & Company boosted their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Finally, Barclays restated an “overweight” rating and set a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.13.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $27.39 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The stock has a 50 day moving average of $27.26 and a two-hundred day moving average of $27.40. The stock has a market cap of $60.86 billion, a P/E ratio of 22.45, a P/E/G ratio of 3.22 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the previous year, the business earned $0.26 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Insider Buying and Selling

In other Kinder Morgan news, EVP Dax Sanders sold 30,127 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the sale, the executive vice president owned 292,000 shares in the company, valued at approximately $7,898,600. The trade was a 9.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy W. Chronis acquired 2,759 shares of Kinder Morgan stock in a transaction on Monday, July 28th. The stock was purchased at an average price of $27.21 per share, with a total value of $75,072.39. Following the purchase, the director owned 34,764 shares of the company’s stock, valued at $945,928.44. The trade was a 8.62% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 134,174 shares of company stock valued at $3,727,678 in the last 90 days. Company insiders own 12.73% 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.