Fidelis Capital Partners LLC Takes Position in Kinder Morgan, Inc. $KMI

Fidelis Capital Partners LLC acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 21,831 shares of the pipeline company’s stock, valued at approximately $618,000.

Several other large investors have also recently bought and sold shares of KMI. Creative Financial Designs Inc. ADV grew its holdings in shares of Kinder Morgan by 14.5% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock worth $83,000 after purchasing an additional 357 shares during the last quarter. L.M. Kohn & Company raised its holdings in Kinder Morgan by 3.4% in the 2nd quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock valued at $322,000 after buying an additional 360 shares during the last quarter. Golden State Equity Partners boosted its position in Kinder Morgan by 2.2% during the 3rd quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock worth $485,000 after buying an additional 368 shares during the period. Relyea Zuckerberg Hanson LLC grew its holdings in Kinder Morgan by 4.2% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock worth $276,000 after acquiring an additional 374 shares during the last quarter. Finally, Fiduciary Financial Group LLC increased its position in Kinder Morgan by 2.6% in the 3rd quarter. Fiduciary Financial Group LLC now owns 15,439 shares of the pipeline company’s stock valued at $437,000 after acquiring an additional 392 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Up 0.5%

Shares of Kinder Morgan stock opened at $30.24 on Friday. The stock’s 50-day moving average is $27.50 and its 200 day moving average is $27.28. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $30.57. The firm has a market cap of $67.27 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 2.44 and a beta of 0.69. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.49.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company’s revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 earnings per share. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 3.9%. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Insider Buying and Selling at Kinder Morgan

In other 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 completion of the sale, the vice president directly owned 201,204 shares in the company, valued at $5,531,097.96. This trade represents a 2.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 completion of the sale, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at $4,182,840. The trade was a 12.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 38,498 shares of company stock valued at $1,107,462. Insiders own 12.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Mizuho cut their price target on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. UBS Group reaffirmed a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a report on Friday, December 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Morgan Stanley set a $35.00 price objective on Kinder Morgan in a research note on Thursday, January 22nd. Finally, TD Cowen increased their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus price target of $32.38.

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.