CIBC Asset Management Inc Raises Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

CIBC Asset Management Inc lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 349,695 shares of the pipeline company’s stock after buying an additional 8,641 shares during the period. CIBC Asset Management Inc’s holdings in Kinder Morgan were worth $9,582,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC grew its position in shares of Kinder Morgan by 8.1% in the 4th quarter. Sanctuary Advisors LLC now owns 806,856 shares of the pipeline company’s stock worth $22,673,000 after buying an additional 60,250 shares during the last quarter. Total Investment Management Inc. purchased a new position in shares of Kinder Morgan in the 4th quarter worth approximately $251,000. Americana Partners LLC grew its position in shares of Kinder Morgan by 50.7% in the 4th quarter. Americana Partners LLC now owns 1,105,779 shares of the pipeline company’s stock worth $30,298,000 after buying an additional 372,190 shares during the last quarter. Philip James Wealth Mangement LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth approximately $211,000. Finally, JFS Wealth Advisors LLC grew its position in shares of Kinder Morgan by 36.3% in the 4th quarter. JFS Wealth Advisors LLC now owns 3,104 shares of the pipeline company’s stock worth $85,000 after buying an additional 827 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $26.77 on Wednesday. The company’s fifty day moving average price is $27.79 and its 200 day moving average price is $25.19. Kinder Morgan, Inc. has a 1 year low of $17.00 and a 1 year high of $31.48. The company has a market capitalization of $59.48 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. On average, research analysts predict that Kinder Morgan, Inc. will post 1.23 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 issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Analyst Ratings Changes

KMI has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Mizuho upped their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Barclays upped their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Citigroup upped their price target 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. Finally, Royal Bank of Canada upped their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $29.14.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the sale, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 54,000 shares of company stock valued at $1,493,100. Corporate insiders own 12.64% of the company’s stock.

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.