Cibc World Market Inc. Acquires 99,540 Shares of Kinder Morgan, Inc. $KMI

Cibc World Market Inc. increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 12.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 869,127 shares of the pipeline company’s stock after purchasing an additional 99,540 shares during the quarter. Cibc World Market Inc.’s holdings in Kinder Morgan were worth $24,605,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of KMI. Creative Financial Designs Inc. ADV increased its position in shares of Kinder Morgan by 14.5% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock worth $83,000 after acquiring an additional 357 shares in the last quarter. L.M. Kohn & Company boosted its stake in Kinder Morgan by 3.4% in the 2nd quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock worth $322,000 after purchasing an additional 360 shares during the period. Golden State Equity Partners increased its holdings in Kinder Morgan by 2.2% during the 3rd quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock worth $485,000 after purchasing an additional 368 shares in the last quarter. Fiduciary Financial Group LLC raised its stake in shares of Kinder Morgan by 2.6% in the 3rd quarter. Fiduciary Financial Group LLC now owns 15,439 shares of the pipeline company’s stock valued at $437,000 after purchasing an additional 392 shares during the period. Finally, MBM Wealth Consultants LLC lifted its holdings in shares of Kinder Morgan by 2.8% in the second quarter. MBM Wealth Consultants LLC now owns 14,462 shares of the pipeline company’s stock valued at $425,000 after purchasing an additional 393 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $30.09, for a total transaction of $185,534.94. Following the completion of the sale, the vice president owned 195,038 shares of the company’s stock, valued at $5,868,693.42. This trade represents a 3.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David Patrick Michels sold 20,000 shares of the company’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the transaction, the chief financial officer owned 139,428 shares in the company, valued at approximately $4,182,840. This represents a 12.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 38,498 shares of company stock worth $1,126,515. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $31.49 on Thursday. The company has a fifty day moving average price of $28.15 and a two-hundred day moving average price of $27.47. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $31.67. The stock has a market cap of $70.05 billion, a P/E ratio of 22.98, a P/E/G ratio of 2.56 and a beta of 0.70. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.49.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The company had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same period in the prior year, the firm earned $0.30 EPS. Kinder Morgan’s quarterly revenue was up 13.1% compared to the same quarter last year. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be issued a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.7%. Kinder Morgan’s payout ratio is presently 85.40%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KMI. Scotiabank lifted their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, January 23rd. Royal Bank Of Canada raised their price target on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. TD Cowen boosted their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Freedom Capital raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. Finally, Jefferies Financial Group boosted their price target on shares of Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.38.

About Kinder Morgan

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.