CIBC Private Wealth Group LLC Has $57.13 Million Stock Position in Kinder Morgan, Inc. $KMI

CIBC Private Wealth Group LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 16.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,018,014 shares of the pipeline company’s stock after acquiring an additional 278,634 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Kinder Morgan were worth $57,130,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CIBC Bancorp USA Inc. acquired a new stake in Kinder Morgan in the 3rd quarter valued at $8,920,000. Tcfg Wealth Management LLC lifted its position in Kinder Morgan by 5.4% during the 3rd quarter. Tcfg Wealth Management LLC now owns 32,075 shares of the pipeline company’s stock worth $908,000 after buying an additional 1,650 shares in the last quarter. WBI Investments LLC acquired a new position in shares of Kinder Morgan during the 3rd quarter worth about $722,000. Caerus Investment Advisors LLC bought a new position in shares of Kinder Morgan in the 3rd quarter valued at about $1,167,000. Finally, Faithward Advisors LLC acquired a new stake in shares of Kinder Morgan in the third quarter valued at about $201,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $32.63 on Thursday. The firm has a market cap of $72.59 billion, a P/E ratio of 23.82, a price-to-earnings-growth ratio of 3.07 and a beta of 0.68. The business’s 50 day moving average is $31.08 and its 200-day moving average is $28.50. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $34.24.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the company posted $0.30 EPS. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, February 2nd. Kinder Morgan’s payout ratio is presently 85.40%.

Wall Street Analysts Forecast Growth

KMI has been the topic of several analyst reports. Scotiabank upped their target price on Kinder Morgan from $30.00 to $31.00 and gave the stock a “sector perform” rating in a report on Tuesday. Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. UBS Group reaffirmed a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a research report on Friday, December 12th. TD Cowen upped their price objective on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Morgan Stanley increased their price objective on Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $33.46.

Insiders Place Their Bets

In other Kinder Morgan news, Director William A. Smith acquired 3,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was acquired at an average price of $29.75 per share, for a total transaction of $89,250.00. Following the purchase, the director directly owned 31,087 shares of the company’s stock, valued at $924,838.25. This trade represents a 10.68% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Anthony B. Ashley sold 8,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total transaction of $255,600.00. Following the completion of the sale, the vice president directly owned 100,146 shares of the company’s stock, valued at $3,199,664.70. This represents a 7.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,048 shares of company stock valued at $1,469,863 in the last three months. Insiders own 12.73% of the company’s stock.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.