Fidelis Capital Partners LLC Invests $618,000 in Kinder Morgan, Inc. $KMI

Fidelis Capital Partners LLC acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 21,831 shares of the pipeline company’s stock, valued at approximately $618,000.

Several other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in Kinder Morgan in the fourth quarter valued at $308,000. Cooper Financial Group acquired a new position in shares of Kinder Morgan during the 2nd quarter worth about $227,000. Trust Co. of Vermont boosted its stake in shares of Kinder Morgan by 114.5% during the 2nd quarter. Trust Co. of Vermont now owns 3,919 shares of the pipeline company’s stock worth $115,000 after buying an additional 2,092 shares during the last quarter. Woodward Diversified Capital LLC grew its holdings in shares of Kinder Morgan by 41.3% in the 2nd quarter. Woodward Diversified Capital LLC now owns 35,651 shares of the pipeline company’s stock valued at $1,048,000 after acquiring an additional 10,429 shares in the last quarter. Finally, Clarity Financial LLC increased its position in shares of Kinder Morgan by 3,011.6% in the second quarter. Clarity Financial LLC now owns 292,181 shares of the pipeline company’s stock valued at $8,590,000 after acquiring an additional 282,791 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on KMI shares. Royal Bank Of Canada raised their price target on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Morgan Stanley set a $35.00 price objective on Kinder Morgan in a report on Thursday, January 22nd. Jefferies Financial Group boosted their target price on shares of Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Scotiabank upped their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, January 23rd. Finally, UBS Group reiterated a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a research note on Friday, December 12th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.38.

Insiders Place Their Bets

In other Kinder Morgan news, 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 transaction, the vice president owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Patrick Michels sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief financial officer owned 139,428 shares in the company, valued at approximately $4,182,840. The trade was a 12.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 38,498 shares of company stock worth $1,107,462. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE:KMI opened at $30.24 on Friday. The company’s 50 day moving average price is $27.50 and its two-hundred day moving average price is $27.28. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $30.57. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The firm has a market cap of $67.27 billion, a PE ratio of 22.07, a PEG ratio of 2.44 and a beta of 0.69.

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

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be given a dividend of $0.2925 per share. The ex-dividend date is Monday, February 2nd. This represents a $1.17 annualized dividend and a dividend yield of 3.9%. Kinder Morgan’s dividend payout ratio (DPR) is currently 85.40%.

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.