Kinder Morgan, Inc. $KMI Shares Bought by Cibc World Market Inc.

Cibc World Market Inc. boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 55.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,352,345 shares of the pipeline company’s stock after acquiring an additional 483,218 shares during the period. Cibc World Market Inc.’s holdings in Kinder Morgan were worth $37,176,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Sivia Capital Partners LLC boosted its position in shares of Kinder Morgan by 187.3% during the 4th quarter. Sivia Capital Partners LLC now owns 34,467 shares of the pipeline company’s stock worth $947,000 after acquiring an additional 22,469 shares in the last quarter. REAP Financial Group LLC increased its position in Kinder Morgan by 13.9% in the 4th quarter. REAP Financial Group LLC now owns 4,419 shares of the pipeline company’s stock valued at $121,000 after acquiring an additional 540 shares during the period. Sound Shore Management Inc. CT increased its stake in shares of Kinder Morgan by 27.0% during the fourth quarter. Sound Shore Management Inc. CT now owns 3,391,203 shares of the pipeline company’s stock worth $93,224,000 after acquiring an additional 720,295 shares during the period. WCG Wealth Advisors LLC boosted its holdings in Kinder Morgan by 14.1% during the fourth quarter. WCG Wealth Advisors LLC now owns 19,388 shares of the pipeline company’s stock worth $533,000 after buying an additional 2,402 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Kinder Morgan by 16.3% in the fourth quarter. CIBC Asset Management Inc now owns 1,134,522 shares of the pipeline company’s stock valued at $31,188,000 after purchasing an additional 159,204 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Mizuho increased their price objective on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, March 5th. Jefferies Financial Group cut their price target on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Scotiabank lifted their price objective on Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, March 26th. Stifel Nicolaus upped their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, March 13th. Finally, Citigroup increased their price target on Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, March 30th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $34.20.

Kinder Morgan Price Performance

NYSE KMI opened at $31.70 on Friday. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81. The firm’s 50 day moving average is $32.53 and its 200-day moving average is $30.58. The company has a market capitalization of $70.53 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 2.62 and a beta of 0.54. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.10. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same period in the previous year, the business earned $0.34 EPS. The company’s revenue was up 13.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a $0.2975 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, May 4th. Kinder Morgan’s dividend payout ratio is 79.87%.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total transaction of $199,840.06. Following the transaction, the vice president directly owned 176,540 shares in the company, valued at $5,721,661.40. The trade was a 3.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the transaction, the vice president owned 43,293 shares of the company’s stock, valued at $1,456,809.45. The trade was a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 16,982 shares of company stock worth $555,825. Company insiders own 12.72% 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.