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

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

Several other large investors also recently modified their holdings of KMI. Davis Capital Management bought a new position in shares of Kinder Morgan in the 3rd quarter worth about $1,426,000. Carnegie Investment Counsel boosted its stake in Kinder Morgan by 9.8% during the third quarter. Carnegie Investment Counsel now owns 755,295 shares of the pipeline company’s stock worth $21,382,000 after acquiring an additional 67,274 shares in the last quarter. Vise Technologies Inc. purchased a new stake in Kinder Morgan in the second quarter worth about $1,713,000. Community Financial Services Group LLC bought a new position in shares of Kinder Morgan during the third quarter valued at approximately $1,683,000. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of Kinder Morgan by 9.6% during the second quarter. Westwood Holdings Group Inc. now owns 7,058,772 shares of the pipeline company’s stock valued at $207,528,000 after purchasing an additional 616,679 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $27.49, for a total value of $169,503.34. Following the transaction, the vice president directly owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David Patrick Michels sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the sale, the chief financial officer owned 139,428 shares of the company’s stock, valued at approximately $4,182,840. This represents a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 38,498 shares of company stock worth $1,107,462. Company insiders own 12.73% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on KMI shares. Morgan Stanley restated a “buy” rating on shares of Kinder Morgan in a research note on Friday. Jefferies Financial Group increased their target price on Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada lifted their price target on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. UBS Group reissued a “buy” rating and set a $38.00 price objective on shares of Kinder Morgan in a research report on Friday, December 12th. Finally, Mizuho reduced their price objective on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.38.

Kinder Morgan Price Performance

KMI opened at $30.50 on Friday. The company’s 50-day simple moving average is $27.57 and its two-hundred day simple moving average is $27.29. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.64. The stock 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. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $30.57.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data 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 firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 earnings per share. As a group, analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

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

About Kinder Morgan

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.