Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp boosted its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 15.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 308,002 shares of the pipeline company's stock after buying an additional 42,044 shares during the quarter. Cibc World Markets Corp's holdings in Kinder Morgan were worth $8,439,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC increased its position in Kinder Morgan by 15.2% during the 3rd quarter. Empowered Funds LLC now owns 172,905 shares of the pipeline company's stock worth $3,819,000 after purchasing an additional 22,776 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Kinder Morgan by 49.4% during the third quarter. Natixis Advisors LLC now owns 631,901 shares of the pipeline company's stock worth $13,959,000 after buying an additional 208,981 shares in the last quarter. AMG National Trust Bank raised its position in shares of Kinder Morgan by 17.7% in the third quarter. AMG National Trust Bank now owns 23,410 shares of the pipeline company's stock valued at $517,000 after buying an additional 3,524 shares during the last quarter. Meeder Advisory Services Inc. lifted its stake in shares of Kinder Morgan by 8.1% during the third quarter. Meeder Advisory Services Inc. now owns 48,999 shares of the pipeline company's stock valued at $1,082,000 after buying an additional 3,675 shares during the period. Finally, New England Asset Management Inc. boosted its position in Kinder Morgan by 2.9% during the third quarter. New England Asset Management Inc. now owns 169,290 shares of the pipeline company's stock worth $3,740,000 after acquiring an additional 4,810 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of brokerages have weighed in on KMI. Truist Financial increased their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Scotiabank assumed coverage on Kinder Morgan in a research report on Friday, January 10th. They set a "sector perform" rating and a $26.00 target price on the stock. Citigroup upped their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. 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 research report on Thursday, January 23rd. Finally, Mizuho upped their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $29.64.

Kinder Morgan Stock Down 0.6 %

Shares of KMI traded down $0.17 during midday trading on Friday, reaching $27.90. 19,504,849 shares of the company were exchanged, compared to its average volume of 13,169,828. Kinder Morgan, Inc. has a 1-year low of $17.61 and a 1-year high of $31.48. The stock has a 50-day moving average price of $27.57 and a 200-day moving average price of $26.09. 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 company has a market cap of $61.98 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) 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 return on equity of 8.09% and a net margin of 17.31%. Research analysts expect 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 paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan's dividend payout ratio (DPR) is 98.29%.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the sale, the president now directly owns 843,652 shares of the company's stock, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the 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 transaction, the vice president now directly owns 220,681 shares of the company's stock, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,490,996 in the last quarter. 12.64% of the stock is owned by corporate insiders.

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.