FSA Advisors Inc. Invests $390,000 in Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• FSA Advisors Inc. has invested approximately $390,000 in Kinder Morgan, acquiring 13,665 shares of the pipeline company in the 1st quarter.
• Various institutional investors have shown notable interest in Kinder Morgan, with Sierra Ocean LLC increasing its stake by 927.1% in the 1st quarter.
• Analysts have set new price targets for Kinder Morgan stock, with TD Cowen and Wolfe Research issuing "buy" ratings and price targets of $34.00 and $31.00, respectively.

FSA Advisors Inc. bought a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 13,665 shares of the pipeline company's stock, valued at approximately $390,000.

Other institutional investors have also recently made changes to their positions in the company. Hurley Capital LLC purchased a new stake in Kinder Morgan in the 4th quarter valued at about $25,000. Sierra Ocean LLC boosted its position in 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. Fourth Dimension Wealth LLC purchased a new stake in Kinder Morgan in the 4th quarter valued at about $26,000. Morse Asset Management Inc bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $29,000. Institutional investors own 62.52% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. TD Cowen assumed coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating and a $34.00 price target for the company. Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Friday. Scotiabank boosted their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Friday, July 18th. Cowen started coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating on the stock. Finally, Barclays reaffirmed an "overweight" rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.13.

Kinder Morgan Stock Performance

KMI opened at $27.22 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The firm has a fifty day moving average price of $27.93 and a 200 day moving average price of $27.56. Kinder Morgan, Inc. has a 1 year low of $19.68 and a 1 year high of $31.48. The stock has a market cap of $60.48 billion, a P/E ratio of 22.31, a P/E/G ratio of 3.48 and a beta of 0.75.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same period in the previous year, the business posted $0.26 EPS. The business's revenue was up 13.2% compared to the same quarter last year. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Thursday, July 31st. Kinder Morgan's dividend payout ratio is currently 95.90%.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the transaction, the president directly owned 771,652 shares in the company, valued at $21,806,885.52. The trade was a 2.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan 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.

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