Connor Clark & Lunn Investment Management Ltd. Sells 291,369 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Connor Clark & Lunn Investment Management Ltd. lowered its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 81.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,676 shares of the pipeline company's stock after selling 291,369 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Kinder Morgan were worth $1,800,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at $25,000. Centricity Wealth Management LLC bought a new position in Kinder Morgan during the 4th quarter worth about $25,000. Modus Advisors LLC bought a new position in Kinder Morgan during the 4th quarter worth about $27,000. Heck Capital Advisors LLC bought a new position in Kinder Morgan during the 4th quarter worth about $29,000. Finally, SRS Capital Advisors Inc. increased its holdings in Kinder Morgan by 178.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock worth $30,000 after purchasing an additional 703 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Performance

NYSE:KMI traded down $0.17 during mid-day trading on Friday, hitting $27.90. The stock had a trading volume of 19,504,849 shares, compared to its average volume of 13,169,828. Kinder Morgan, Inc. has a twelve month low of $17.61 and a twelve month high of $31.48. The stock has a market cap of $61.98 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 3.08 and a beta of 0.94. The company's 50 day simple moving average is $27.57 and its 200 day simple moving average is $26.09. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

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Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders 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 dividend yield of 4.12%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's dividend payout ratio is presently 98.29%.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of research reports. Morgan Stanley increased their target price on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Citigroup increased their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Truist Financial raised their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $29.64.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the sale, the president now owns 843,652 shares in the company, valued at $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock worth $3,490,996 over the last quarter. Company insiders own 12.64% 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.