Mackenzie Financial Corp Increases Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Mackenzie Financial Corp lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 740,856 shares of the pipeline company’s stock after purchasing an additional 65,452 shares during the period. Mackenzie Financial Corp’s holdings in Kinder Morgan were worth $13,069,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its stake in shares of Kinder Morgan by 102,208.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock worth $742,555,000 after purchasing an additional 41,030,376 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Kinder Morgan by 1,352.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock worth $665,401,000 after buying an additional 34,269,435 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Kinder Morgan by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company’s stock worth $472,464,000 after buying an additional 87,516 shares during the period. Morgan Stanley boosted its stake in Kinder Morgan by 8.9% in the 4th quarter. Morgan Stanley now owns 22,573,449 shares of the pipeline company’s stock worth $408,128,000 after buying an additional 1,846,231 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Kinder Morgan by 3.0% in the 3rd quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock valued at $369,688,000 after buying an additional 639,467 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Up 3.5 %

KMI opened at $18.84 on Friday. The company has a market cap of $41.81 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 4.98 and a beta of 0.90. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.50. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $18.90. The firm has a 50 day moving average price of $17.78 and a 200 day moving average price of $17.39.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.22 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date of this dividend is Monday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is currently 102.73%.

Wall Street Analyst Weigh In

KMI has been the topic of several research analyst reports. Truist Financial reissued a “hold” rating and issued a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.20.

Kinder Morgan 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.