TD Asset Management Inc Trims Stock Position in Kinder Morgan, Inc. $KMI

TD Asset Management Inc decreased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,425,362 shares of the pipeline company’s stock after selling 28,949 shares during the period. TD Asset Management Inc’s holdings in Kinder Morgan were worth $40,352,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LFA Lugano Financial Advisors SA acquired a new position in Kinder Morgan in the second quarter valued at $26,000. CoreFirst Bank & Trust acquired a new stake in shares of Kinder Morgan during the second quarter worth about $35,000. Private Wealth Management Group LLC lifted its holdings in shares of Kinder Morgan by 94.9% in the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after purchasing an additional 595 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Kinder Morgan by 314.6% in the 3rd quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock valued at $38,000 after purchasing an additional 1,032 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Kinder Morgan during the 2nd quarter worth approximately $40,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Scotiabank boosted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, January 23rd. Morgan Stanley reiterated a “buy” rating on shares of Kinder Morgan in a research note on Friday, January 30th. Freedom Capital upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Finally, Jefferies Financial Group raised their price target on Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.54.

Kinder Morgan Stock Up 0.5%

KMI stock opened at $33.23 on Friday. The stock has a market capitalization of $73.93 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 2.72 and a beta of 0.70. The company has a fifty day moving average of $29.50 and a 200-day moving average of $27.88. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $33.35.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The firm had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter last year, the firm earned $0.30 earnings per share. The firm’s revenue was up 13.1% compared to the same quarter last year. As a group, analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, February 2nd. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $30.09, for a total value of $185,534.94. Following the completion of the transaction, the vice president owned 195,038 shares in the company, valued at $5,868,693.42. This trade represents a 3.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Anthony B. Ashley sold 8,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total transaction of $255,600.00. Following the sale, the vice president directly owned 100,146 shares in the company, valued at approximately $3,199,664.70. This represents a 7.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 46,498 shares of company stock worth $1,382,115 in the last ninety days. 12.73% of the stock is owned by insiders.

About Kinder Morgan

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.