CIBC Private Wealth Group LLC Acquires 32,243 Shares of Kinder Morgan, Inc. (NYSE:KMI)

CIBC Private Wealth Group LLC boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 7.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 483,434 shares of the pipeline company’s stock after buying an additional 32,243 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Kinder Morgan were worth $13,676,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan during the fourth quarter valued at approximately $25,000. Centricity Wealth Management LLC bought a new stake in Kinder Morgan during the fourth quarter valued at about $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at about $27,000. Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth about $29,000. Finally, SRS Capital Advisors Inc. lifted its position in shares of Kinder Morgan by 178.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 703 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KMI has been the topic of several recent analyst reports. UBS Group lifted their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Wells Fargo & Company upped their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Scotiabank started coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Finally, Morgan Stanley boosted their price target on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the transaction, the president now owns 825,652 shares in the company, valued at $21,970,599.72. The trade was a 2.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the 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 completion of the transaction, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,461 shares of company stock worth $3,490,996. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 0.7 %

KMI opened at $28.56 on Tuesday. The firm has a market cap of $63.46 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The firm’s 50-day simple moving average is $27.44 and its 200-day simple moving average is $26.47. Kinder Morgan, Inc. has a twelve month low of $17.61 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s payout ratio is presently 98.29%.

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.