Foundations Investment Advisors LLC Purchases 252,791 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Foundations Investment Advisors LLC increased its stake in Kinder Morgan, Inc. by 563.3%, acquiring 297,667 shares valued at approximately $8.49 million during the first quarter.
• Insider transactions include President Thomas A. Martin selling 18,000 shares, resulting in a 2.28% reduction in his ownership, while Director Amy W. Chronis increased her stake by acquiring 2,759 shares.
• Kinder Morgan has seen a recent uptick in its stock price, now trading at $27.88, with a consensus target price of $31.13 from analysts, indicating a moderate buy outlook.

Foundations Investment Advisors LLC boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 563.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 297,667 shares of the pipeline company's stock after purchasing an additional 252,791 shares during the quarter. Foundations Investment Advisors LLC's holdings in Kinder Morgan were worth $8,492,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC boosted its position in Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after purchasing an additional 788 shares during the period. Hurley Capital LLC bought a new stake in Kinder Morgan during the fourth quarter worth approximately $25,000. Fourth Dimension Wealth LLC bought a new stake in Kinder Morgan during the fourth quarter worth approximately $26,000. Morse Asset Management Inc bought a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $27,000. Finally, JNBA Financial Advisors boosted its position in shares of Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock valued at $29,000 after acquiring an additional 870 shares during the period. Institutional investors own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

KMI has been the subject of several research reports. Wells Fargo & Company increased their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. TD Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating and a $34.00 price objective for the company. Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating for the company. Royal Bank Of Canada increased their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. Finally, Barclays restated an "overweight" rating and issued a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Kinder Morgan currently has an average rating of "Moderate Buy" and a consensus price target of $31.13.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis bought 2,759 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were acquired at an average cost of $27.21 per share, with a total value of $75,072.39. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value of $508,680.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. 12.73% of the stock is owned by insiders.

Kinder Morgan Trading Down 0.3%

Kinder Morgan stock traded down $0.08 during mid-day trading on Friday, hitting $27.99. The stock had a trading volume of 8,896,892 shares, compared to its average volume of 14,391,798. The stock has a 50-day simple moving average of $27.95 and a two-hundred day simple moving average of $27.56. The stock has a market capitalization of $62.18 billion, a PE ratio of 22.95, a P/E/G ratio of 3.53 and a beta of 0.75. Kinder Morgan, Inc. has a 12 month low of $19.68 and a 12 month high of $31.48. 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 (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. The firm had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter last year, the business earned $0.26 earnings per share. The company's revenue was up 13.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.2%. Kinder Morgan's payout ratio is 95.90%.

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.