Fieldview Capital Management LLC Acquires New Stake in Kinder Morgan, Inc. $KMI

Fieldview Capital Management LLC bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 54,771 shares of the pipeline company’s stock, valued at approximately $1,551,000.

A number of other hedge funds have also recently made changes to their positions in KMI. Golden State Equity Partners boosted its position in Kinder Morgan by 2.2% in the 3rd quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock valued at $485,000 after buying an additional 368 shares during the period. Fiduciary Financial Group LLC raised its stake in shares of Kinder Morgan by 2.6% during the third 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 in the last quarter. MBM Wealth Consultants LLC boosted its holdings in shares of Kinder Morgan by 2.8% in the second quarter. MBM Wealth Consultants LLC now owns 14,462 shares of the pipeline company’s stock valued at $425,000 after purchasing an additional 393 shares during the period. L2 Asset Management LLC boosted its holdings in shares of Kinder Morgan by 4.8% in the second quarter. L2 Asset Management LLC now owns 8,689 shares of the pipeline company’s stock valued at $255,000 after purchasing an additional 401 shares during the period. Finally, Tradewinds Capital Management LLC grew its stake in Kinder Morgan by 11.1% in the third quarter. Tradewinds Capital Management LLC now owns 4,013 shares of the pipeline company’s stock worth $114,000 after purchasing an additional 401 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on KMI. Mizuho lifted their target price on Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, March 5th. Jefferies Financial Group increased their price target on Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. Barclays restated an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. Royal Bank Of Canada upped their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Friday, February 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and an average price target of $33.08.

Kinder Morgan Stock Down 0.8%

Kinder Morgan stock opened at $33.30 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The firm has a market cap of $74.08 billion, a P/E ratio of 24.30, a P/E/G ratio of 3.09 and a beta of 0.68. The business has a fifty day moving average of $30.28 and a two-hundred day moving average of $28.20. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $34.24.

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

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were issued a $0.2925 dividend. The ex-dividend date was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.5%. Kinder Morgan’s payout ratio is currently 85.40%.

Insider Activity

In other news, Director William A. Smith acquired 3,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were purchased at an average price of $29.75 per share, with a total value of $89,250.00. Following the transaction, the director directly owned 31,087 shares in the company, valued at approximately $924,838.25. This represents a 10.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Anthony B. Ashley sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total transaction of $255,600.00. Following the transaction, the vice president owned 100,146 shares of the company’s stock, valued at approximately $3,199,664.70. This trade represents a 7.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 46,498 shares of company stock valued at $1,418,248. Company insiders own 12.73% of the company’s stock.

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.