Fortem Financial Group LLC Raises Position in Kinder Morgan, Inc. $KMI

Fortem Financial Group LLC grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 522.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,785 shares of the pipeline company’s stock after acquiring an additional 48,504 shares during the period. Fortem Financial Group LLC’s holdings in Kinder Morgan were worth $1,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. LFA Lugano Financial Advisors SA bought a new position in shares of Kinder Morgan in the second quarter worth about $26,000. CoreFirst Bank & Trust bought a new position in shares of Kinder Morgan during the 2nd quarter valued at approximately $35,000. Private Wealth Management Group LLC increased its holdings in Kinder Morgan by 94.9% in the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after acquiring an additional 595 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Kinder Morgan during the 2nd quarter worth approximately $40,000. Finally, Capital A Wealth Management LLC purchased a new position in Kinder Morgan during the second quarter valued at approximately $41,000. 62.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KMI shares. Scotiabank increased their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. UBS Group reiterated a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a research note on Friday, December 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Royal Bank Of Canada upped their price objective on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Finally, TD Cowen increased their target price on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.38.

Kinder Morgan Price Performance

NYSE:KMI opened at $30.50 on Friday. The business’s 50-day moving average is $27.57 and its 200 day moving average is $27.29. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $30.57. The company has a market capitalization of $67.85 billion, a P/E ratio of 22.26, a P/E/G ratio of 2.45 and a beta of 0.69. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be paid a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.8%. Kinder Morgan’s dividend payout ratio is presently 85.40%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, CFO David Patrick Michels sold 20,000 shares of Kinder Morgan stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the transaction, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at $4,182,840. This trade represents a 12.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the sale, the vice president owned 201,204 shares in the company, valued at approximately $5,531,097.96. This trade represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 38,498 shares of company stock valued at $1,107,462 in the last quarter. 12.73% of the stock is owned by company insiders.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.