CIBC Private Wealth Group LLC Grows Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

CIBC Private Wealth Group LLC boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 483,434 shares of the pipeline company's stock after acquiring 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.

A number of other large investors also recently modified their holdings of KMI. Xponance Inc. increased its holdings in shares of Kinder Morgan by 5.2% in the fourth quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock worth $8,303,000 after purchasing an additional 15,114 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Kinder Morgan by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock worth $50,624,000 after buying an additional 71,984 shares during the last quarter. Golden State Equity Partners raised its position in shares of Kinder Morgan by 2,507.9% during the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock valued at $450,000 after buying an additional 15,800 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in shares of Kinder Morgan by 2.0% in the 4th quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock valued at $62,062,000 after acquiring an additional 44,474 shares during the last quarter. Finally, Barclays PLC grew its position in Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after acquiring an additional 2,334,273 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target for the company in a research report on Monday, March 3rd. Citigroup lifted their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their price target on Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price target on Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, March 5th. Finally, UBS Group increased their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Seven 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $29.64.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the firm's 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 directly owns 843,652 shares of the company's stock, valued at $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 111,461 shares of company stock valued at $2,988,616 in the last ninety days. Company insiders own 12.81% of the company's stock.

Kinder Morgan Stock Down 3.6 %

Shares of Kinder Morgan stock traded down $1.04 during trading on Thursday, reaching $27.88. The company's stock had a trading volume of 9,390,789 shares, compared to its average volume of 13,689,639. The company has a 50-day simple moving average of $27.35 and a two-hundred day simple moving average of $26.54. Kinder Morgan, Inc. has a 1-year low of $17.61 and a 1-year high of $31.48. The company has a market cap of $61.94 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 3.08 and a beta of 0.94. 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 (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan's dividend payout ratio (DPR) 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.