Forum Financial Management LP Buys 8,735 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Forum Financial Management LP increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 16.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 63,374 shares of the pipeline company’s stock after purchasing an additional 8,735 shares during the quarter. Forum Financial Management LP’s holdings in Kinder Morgan were worth $1,736,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board grew its holdings in Kinder Morgan by 400.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 222,159 shares of the pipeline company’s stock valued at $6,087,000 after purchasing an additional 177,805 shares during the last quarter. Capital Square LLC grew its stake in shares of Kinder Morgan by 28.0% during the fourth quarter. Capital Square LLC now owns 13,730 shares of the pipeline company’s stock valued at $416,000 after buying an additional 3,000 shares during the last quarter. Altshuler Shaham Ltd boosted its holdings in Kinder Morgan by 1,065.3% during the 4th quarter. Altshuler Shaham Ltd now owns 11,665 shares of the pipeline company’s stock valued at $320,000 after acquiring an additional 10,664 shares during the period. MSH Capital Advisors LLC purchased a new stake in Kinder Morgan in the fourth quarter worth $2,504,000. Finally, NewEdge Advisors LLC boosted its stake in shares of Kinder Morgan by 3.2% during the fourth quarter. NewEdge Advisors LLC now owns 303,401 shares of the pipeline company’s stock valued at $8,313,000 after purchasing an additional 9,475 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now directly owns 843,652 shares in the company, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock valued at $3,506,116 in the last 90 days. 12.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on KMI shares. Mizuho boosted their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Scotiabank began coverage on Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective on the stock. Truist Financial raised their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Barclays upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a report on Monday, March 3rd. Finally, Wells Fargo & Company boosted their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.64.

Kinder Morgan Stock Up 0.5 %

Shares of KMI stock opened at $27.09 on Friday. The stock’s 50-day simple moving average is $26.94 and its 200-day simple moving average is $26.91. The firm has a market capitalization of $60.19 billion, a PE ratio of 23.15, a P/E/G ratio of 3.08 and a beta of 0.72. Kinder Morgan, Inc. has a fifty-two week low of $18.13 and a fifty-two week high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

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

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $0.2925 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 4.32%. Kinder Morgan’s payout ratio is presently 99.14%.

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.