Foster & Motley Inc. Sells 9,592 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Foster & Motley Inc. lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 12.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 66,593 shares of the pipeline company’s stock after selling 9,592 shares during the period. Foster & Motley Inc.’s holdings in Kinder Morgan were worth $1,825,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of KMI. AQR Capital Management LLC lifted its stake in Kinder Morgan by 11.2% during the 2nd quarter. AQR Capital Management LLC now owns 457,238 shares of the pipeline company’s stock valued at $9,040,000 after acquiring an additional 45,917 shares during the period. Creative Planning lifted its stake in Kinder Morgan by 16.4% during the 2nd quarter. Creative Planning now owns 391,908 shares of the pipeline company’s stock valued at $7,787,000 after acquiring an additional 55,207 shares during the period. Quarry LP purchased a new stake in shares of Kinder Morgan during the 2nd quarter valued at about $52,000. Cetera Investment Advisers increased its position in shares of Kinder Morgan by 0.6% during the 2nd quarter. Cetera Investment Advisers now owns 1,428,295 shares of the pipeline company’s stock valued at $28,380,000 after purchasing an additional 8,078 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Kinder Morgan during the 2nd quarter valued at about $8,597,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 2.8 %

NYSE:KMI opened at $28.08 on Friday. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48. The company has a market cap of $62.37 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94. The stock has a fifty day simple moving average of $28.00 and a 200-day simple moving average of $24.62. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. Analysts anticipate that Kinder Morgan, Inc. will post 1.27 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.10%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Analyst Ratings Changes

Several equities research analysts have recently commented on KMI shares. Mizuho upped their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Barclays increased their price objective on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Bank of America began coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. Citigroup increased their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Royal Bank of Canada increased their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus price target of $29.14.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the transaction, the president now owns 897,652 shares in the company, valued at $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 55,121 shares of company stock worth $1,497,000. Company insiders own 12.64% of the company’s stock.

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.