Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc grew its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 6.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 341,054 shares of the pipeline company's stock after buying an additional 22,151 shares during the period. CIBC Asset Management Inc's holdings in Kinder Morgan were worth $7,534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KMI. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan during the 3rd quarter worth approximately $28,000. Planning Capital Management Corp increased its position in Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company's stock worth $30,000 after purchasing an additional 797 shares during the last quarter. HM Payson & Co. grew its stake in shares of Kinder Morgan by 401.8% in the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock valued at $32,000 after buying an additional 1,145 shares during the period. HWG Holdings LP acquired a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $30,000. Finally, ZRC Wealth Management LLC acquired a new position in Kinder Morgan in the third quarter valued at approximately $36,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on KMI shares. Wells Fargo & Company upped their price target on Kinder Morgan from $22.00 to $27.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. Stifel Nicolaus lifted their price objective on Kinder Morgan from $22.00 to $23.00 and gave the company a "hold" rating in a research note on Tuesday, August 27th. Royal Bank of Canada increased their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 22nd. Truist Financial lifted their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a "hold" rating in a report on Thursday, October 17th. Finally, Bank of America began coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a "buy" rating and a $27.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average price target of $25.36.

Kinder Morgan Stock Up 1.9 %

KMI traded up $0.51 on Monday, reaching $27.78. The company's stock had a trading volume of 15,753,019 shares, compared to its average volume of 13,880,808. The company has a market capitalization of $61.72 billion, a price-to-earnings ratio of 23.92, a P/E/G ratio of 3.75 and a beta of 0.91. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $27.84. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The stock has a 50 day moving average of $23.84 and a two-hundred day moving average of $21.50.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Kinder Morgan's revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 earnings per share. As a group, analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan's payout ratio is currently 100.88%.

Insider Activity

In other news, Director C Park Shaper sold 690,142 shares of the business's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares of the company's stock, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the sale, the president now directly owns 897,652 shares of the company's stock, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.64% of the company's stock.

About Kinder Morgan

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.