Connor Clark & Lunn Investment Management Ltd. Has $7.89 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 69.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 357,045 shares of the pipeline company’s stock after acquiring an additional 146,868 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Kinder Morgan were worth $7,887,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Northwest Investment Counselors LLC bought a new position in shares of Kinder Morgan in the third quarter worth about $28,000. Pathway Financial Advisers LLC bought a new stake in shares of Kinder Morgan during the first quarter worth $30,000. HWG Holdings LP acquired a new stake in shares of Kinder Morgan during the 2nd quarter valued at $30,000. Planning Capital Management Corp increased its holdings in Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in Kinder Morgan in the second quarter valued at about $31,000. 62.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on KMI shares. Stifel Nicolaus upped their price objective on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Bank of America initiated coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price target for the company. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Barclays raised their target price on Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Morgan Stanley set a $26.00 price target on Kinder Morgan in a research report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.36.

Insider Transactions at Kinder Morgan

In other news, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Thomas A. Martin sold 19,121 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the transaction, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Down 0.2 %

NYSE KMI opened at $28.49 on Friday. The stock has a market capitalization of $63.29 billion, a P/E ratio of 24.99, a P/E/G ratio of 3.86 and a beta of 0.91. The business has a 50 day simple moving average of $24.56 and a 200 day simple moving average of $21.80. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $28.81.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the business earned $0.25 EPS. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. Research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.04%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

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.