Cibc World Markets Corp Has $8.44 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Cibc World Markets Corp raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 15.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 308,002 shares of the pipeline company’s stock after purchasing an additional 42,044 shares during the period. Cibc World Markets Corp’s holdings in Kinder Morgan were worth $8,439,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KMI. Creative Financial Designs Inc. ADV grew its stake in Kinder Morgan by 111.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 5,440 shares of the pipeline company’s stock valued at $149,000 after buying an additional 2,864 shares during the last quarter. Harbour Investments Inc. boosted its holdings in Kinder Morgan by 3.4% during the fourth quarter. Harbour Investments Inc. now owns 23,845 shares of the pipeline company’s stock valued at $653,000 after acquiring an additional 794 shares during the period. one8zero8 LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at about $2,230,000. Natixis Advisors LLC increased its stake in shares of Kinder Morgan by 16.8% in the fourth quarter. Natixis Advisors LLC now owns 738,280 shares of the pipeline company’s stock worth $20,229,000 after purchasing an additional 106,379 shares during the period. Finally, Frank Rimerman Advisors LLC boosted its stake in Kinder Morgan by 2.0% during the 4th quarter. Frank Rimerman Advisors LLC now owns 48,565 shares of the pipeline company’s stock valued at $1,331,000 after purchasing an additional 953 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 1.0 %

NYSE KMI opened at $27.51 on Wednesday. Kinder Morgan, Inc. has a 1-year low of $17.61 and a 1-year high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The stock’s 50 day moving average is $27.59 and its two-hundred day moving average is $26.02. The company has a market capitalization of $61.13 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced 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 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 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. This represents a $1.15 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Wall Street Analyst Weigh In

Several brokerages have commented on KMI. Morgan Stanley lifted their price target on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Royal Bank of Canada boosted their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Truist Financial increased their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Barclays upgraded shares of 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, The Goldman Sachs Group lifted their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Seven 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 MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction 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 sale, the president now owns 825,652 shares of the company’s stock, valued at approximately $21,970,599.72. This trade represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock worth $3,490,996 over the last ninety days. Corporate insiders own 12.64% of the company’s stock.

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.