CIBC Private Wealth Group LLC Has $13.68 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

CIBC Private Wealth Group LLC grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 7.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 483,434 shares of the pipeline company’s stock after buying an additional 32,243 shares during the period. CIBC Private Wealth Group LLC’s holdings in Kinder Morgan were worth $13,676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. L & S Advisors Inc bought a new position in Kinder Morgan during the fourth quarter worth about $3,890,000. Strategy Asset Managers LLC acquired a new stake in Kinder Morgan during the 4th quarter worth $7,821,000. Hobbs Group Advisors LLC lifted its holdings in Kinder Morgan by 5.1% during the fourth quarter. Hobbs Group Advisors LLC now owns 34,949 shares of the pipeline company’s stock worth $958,000 after acquiring an additional 1,692 shares in the last quarter. Allstate Corp acquired a new position in Kinder Morgan in the fourth quarter valued at about $1,644,000. Finally, RiverFront Investment Group LLC increased its holdings in shares of Kinder Morgan by 79.6% in the fourth quarter. RiverFront Investment Group LLC now owns 56,122 shares of the pipeline company’s stock worth $1,538,000 after acquiring an additional 24,870 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Price Performance

NYSE:KMI opened at $28.56 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12-month low of $17.61 and a 12-month high of $31.48. The stock’s 50 day moving average price is $27.44 and its two-hundred day moving average price is $26.47. The firm has a market capitalization of $63.46 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 3.08 and a beta of 0.94.

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 the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, analysts anticipate 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 was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.03%. Kinder Morgan’s payout ratio is currently 98.29%.

Analyst Upgrades and Downgrades

KMI has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Truist Financial lifted 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. UBS Group upped their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research note on Monday, March 3rd. Finally, Mizuho raised their target price 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. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now owns 843,652 shares in the company, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,490,996 in the last ninety days. 12.64% of the stock is owned by company insiders.

Kinder Morgan 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.