Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp cut its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 39.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 796,135 shares of the pipeline company's stock after selling 523,745 shares during the quarter. Mackenzie Financial Corp's holdings in Kinder Morgan were worth $21,814,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KMI. Forum Financial Management LP raised its stake in Kinder Morgan by 16.0% during the fourth quarter. Forum Financial Management LP now owns 63,374 shares of the pipeline company's stock worth $1,736,000 after purchasing an additional 8,735 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Kinder Morgan by 1.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 875,414 shares of the pipeline company's stock worth $23,986,000 after buying an additional 8,353 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of Kinder Morgan by 2.6% during the 4th quarter. Sunbelt Securities Inc. now owns 92,922 shares of the pipeline company's stock valued at $2,542,000 after buying an additional 2,362 shares during the period. Fourth Dimension Wealth LLC acquired a new position in Kinder Morgan in the fourth quarter valued at approximately $26,000. Finally, Vise Technologies Inc. increased its stake in Kinder Morgan by 9.4% during the fourth quarter. Vise Technologies Inc. now owns 34,188 shares of the pipeline company's stock worth $937,000 after acquiring an additional 2,940 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Wall Street Analysts Forecast Growth

KMI has been the topic of several recent analyst reports. Scotiabank upped their price target on Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a research note on Monday, April 21st. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target for the company in a research report on Monday, March 3rd. Royal Bank of Canada increased their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Finally, Citigroup lifted their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $29.79.

Kinder Morgan Stock Down 0.1%

Kinder Morgan stock traded down $0.04 during trading on Thursday, reaching $27.91. The stock had a trading volume of 12,942,369 shares, compared to its average volume of 13,977,220. Kinder Morgan, Inc. has a 52-week low of $18.83 and a 52-week high of $31.48. The business has a 50 day moving average price of $27.22 and a 200 day moving average price of $27.42. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The stock has a market cap of $62.02 billion, a PE ratio of 23.85, a P/E/G ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts' consensus estimates of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The company had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. On average, analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a $0.2925 dividend. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan's dividend payout ratio is presently 100.86%.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the transaction, the president now owns 807,652 shares of the company's stock, valued at approximately $23,219,995. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 54,000 shares of company stock valued at $1,492,740. Insiders own 12.73% of the company's stock.

About Kinder Morgan

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.