Fortitude Advisory Group L.L.C. Purchases 510 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Fortitude Advisory Group L.L.C. lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,170 shares of the pipeline company’s stock after acquiring an additional 510 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in Kinder Morgan were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in KMI. Centricity Wealth Management LLC bought a new stake in Kinder Morgan during the fourth quarter worth $25,000. Hurley Capital LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth $25,000. Fourth Dimension Wealth LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at about $26,000. Morse Asset Management Inc bought a new position in Kinder Morgan in the fourth quarter valued at about $27,000. Finally, Heck Capital Advisors LLC acquired a new position in Kinder Morgan during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the sale, the president now owns 807,652 shares in the company, valued at $23,219,995. The trade was a 2.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 54,000 shares of company stock worth $1,522,440 in the last 90 days. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $27.66 on Tuesday. The stock’s 50 day moving average is $27.33 and its 200 day moving average is $27.43. Kinder Morgan, Inc. has a one year low of $19.47 and a one year high of $31.48. The firm has a market cap of $61.47 billion, a P/E ratio of 23.64, a P/E/G ratio of 3.08 and a beta of 0.74. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.23%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. Kinder Morgan’s payout ratio is currently 100.86%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Tuesday, April 29th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Kinder Morgan in a research note on Monday, May 5th. Scotiabank increased their price target on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Thursday, June 5th. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a report on Monday, March 3rd. Finally, Stifel Nicolaus upped their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Tuesday, June 3rd. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.21.

Kinder Morgan Company 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.