CIBC Asset Management Inc Has $4.47 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

CIBC Asset Management Inc increased its position in Kinder Morgan, Inc. (NYSE:KMIGet Rating) by 19.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 236,546 shares of the pipeline company’s stock after purchasing an additional 37,994 shares during the quarter. CIBC Asset Management Inc’s holdings in Kinder Morgan were worth $4,473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Spectrum Asset Management Inc. NB CA increased its position in Kinder Morgan by 0.4% in the first quarter. Spectrum Asset Management Inc. NB CA now owns 138,559 shares of the pipeline company’s stock worth $2,620,000 after purchasing an additional 580 shares during the period. FinTrust Capital Advisors LLC increased its position in Kinder Morgan by 19.8% in the first quarter. FinTrust Capital Advisors LLC now owns 3,603 shares of the pipeline company’s stock worth $68,000 after purchasing an additional 596 shares during the period. RGT Wealth Advisors LLC increased its position in Kinder Morgan by 5.6% in the first quarter. RGT Wealth Advisors LLC now owns 11,172 shares of the pipeline company’s stock worth $211,000 after purchasing an additional 597 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC increased its position in Kinder Morgan by 3.1% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 20,230 shares of the pipeline company’s stock worth $321,000 after purchasing an additional 600 shares during the period. Finally, CFO4Life Group LLC increased its position in Kinder Morgan by 4.3% in the first quarter. CFO4Life Group LLC now owns 14,632 shares of the pipeline company’s stock worth $277,000 after purchasing an additional 601 shares during the period. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the company. US Capital Advisors reiterated a “hold” rating on shares of Kinder Morgan in a research report on Wednesday, June 1st. Morgan Stanley raised their target price on Kinder Morgan from $19.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, April 20th. UBS Group raised their target price on Kinder Morgan to $25.00 in a report on Friday, July 22nd. Wells Fargo & Company reduced their target price on Kinder Morgan to $20.00 and set an “equal weight” rating on the stock in a report on Friday, May 20th. Finally, Mizuho raised their target price on Kinder Morgan from $21.00 to $22.00 in a report on Thursday, April 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $21.14.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 1,500 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $19.21, for a total value of $28,815.00. Following the sale, the vice president now owns 31,719 shares of the company’s stock, valued at approximately $609,321.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, VP John W. Schlosser sold 1,500 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $19.21, for a total value of $28,815.00. Following the sale, the vice president now owns 31,719 shares of the company’s stock, valued at approximately $609,321.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John W. Schlosser sold 3,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $18.00, for a total value of $54,000.00. Following the completion of the sale, the vice president now directly owns 28,719 shares in the company, valued at approximately $516,942. The disclosure for this sale can be found here. 14.22% of the stock is owned by insiders.

Kinder Morgan Trading Up 1.0 %

NYSE:KMI opened at $17.47 on Friday. Kinder Morgan, Inc. has a fifty-two week low of $15.01 and a fifty-two week high of $20.20. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.52 and a quick ratio of 0.42. The stock has a market capitalization of $39.36 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 4.95 and a beta of 0.94. The business’s 50-day simple moving average is $17.66 and its 200-day simple moving average is $18.06.

Kinder Morgan (NYSE:KMIGet Rating) last released its quarterly earnings data on Wednesday, July 20th. The pipeline company reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The business had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the previous year, the business posted $0.23 EPS. Kinder Morgan’s revenue for the quarter was up 63.5% on a year-over-year basis. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.2 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 6.35%. The ex-dividend date is Friday, July 29th. Kinder Morgan’s dividend payout ratio (DPR) is presently 103.74%.

Kinder Morgan Company Profile

(Get Rating)

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.

See Also

Want to see what other hedge funds are holding KMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinder Morgan, Inc. (NYSE:KMIGet Rating).

Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.