Foresight Capital Management Advisors Inc. Has $3.69 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Foresight Capital Management Advisors Inc. lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.2% in the fourth quarter, Holdings Channel reports. The firm owned 134,566 shares of the pipeline company’s stock after selling 1,652 shares during the quarter. Kinder Morgan accounts for about 2.2% of Foresight Capital Management Advisors Inc.’s investment portfolio, making the stock its 17th largest position. Foresight Capital Management Advisors Inc.’s holdings in Kinder Morgan were worth $3,687,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of KMI. Duquesne Family Office LLC lifted its stake in Kinder Morgan by 74.0% in the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after purchasing an additional 2,872,665 shares during the last quarter. Barclays PLC lifted its holdings in shares of Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after purchasing an additional 2,334,273 shares during the period. National Bank of Canada FI increased its holdings in Kinder Morgan by 295.5% in the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock valued at $64,879,000 after purchasing an additional 2,194,489 shares during the period. International Assets Investment Management LLC grew its position in shares of Kinder Morgan by 1,849.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after buying an additional 2,053,612 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Kinder Morgan by 20.6% in the second quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock valued at $154,409,000 after buying an additional 1,328,082 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 1.1 %

Kinder Morgan stock opened at $29.43 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $29.58. The stock has a market cap of $65.38 billion, a P/E ratio of 25.82, a PEG ratio of 3.71 and a beta of 0.94. The firm’s fifty day moving average price is $27.47 and its 200-day moving average price is $23.91.

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. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on KMI shares. Truist Financial lifted their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Wells Fargo & Company increased their price target on Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Barclays upped their target price on shares of Kinder Morgan from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. UBS Group increased their price target on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus target price of $26.67.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. The trade was a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 745,263 shares of company stock worth $18,578,014 in the last 90 days. 12.64% of the stock is owned by company 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.