Foster & Motley Inc. Sells 7,130 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Foster & Motley Inc. cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,185 shares of the pipeline company’s stock after selling 7,130 shares during the quarter. Foster & Motley Inc.’s holdings in Kinder Morgan were worth $1,683,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in KMI. Mediolanum International Funds Ltd purchased a new stake in Kinder Morgan during the first quarter valued at about $798,000. CFO4Life Group LLC lifted its holdings in Kinder Morgan by 6.1% during the first quarter. CFO4Life Group LLC now owns 14,381 shares of the pipeline company’s stock valued at $264,000 after purchasing an additional 830 shares during the last quarter. Duality Advisers LP lifted its holdings in Kinder Morgan by 42.7% during the first quarter. Duality Advisers LP now owns 317,425 shares of the pipeline company’s stock valued at $5,822,000 after purchasing an additional 94,984 shares during the last quarter. Empirical Finance LLC lifted its holdings in Kinder Morgan by 3.4% during the first quarter. Empirical Finance LLC now owns 71,248 shares of the pipeline company’s stock valued at $1,307,000 after purchasing an additional 2,331 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Kinder Morgan by 5.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 271,569 shares of the pipeline company’s stock valued at $4,981,000 after purchasing an additional 13,689 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Up 6.6 %

KMI stock opened at $26.34 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company’s 50 day moving average is $23.07 and its 200 day moving average is $21.08. The stock has a market cap of $58.52 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 3.05 and a beta of 0.91. Kinder Morgan, Inc. has a 1-year low of $16.17 and a 1-year high of $26.58.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the business earned $0.25 earnings per share. The firm’s revenue was down 5.3% on a year-over-year basis. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s payout ratio is currently 100.88%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares in the company, valued at $6,455,589. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Barclays increased their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a report on Friday, October 18th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Friday, July 19th. Finally, UBS Group increased their price target on shares of Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.09.

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.