Toronto Dominion Bank Purchases 22,167 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Toronto Dominion Bank lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,147,684 shares of the pipeline company’s stock after purchasing an additional 22,167 shares during the period. Toronto Dominion Bank owned 0.05% of Kinder Morgan worth $21,049,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Newman Dignan & Sheerar Inc. raised its stake in shares of Kinder Morgan by 4.3% during the 1st quarter. Newman Dignan & Sheerar Inc. now owns 13,173 shares of the pipeline company’s stock worth $242,000 after purchasing an additional 547 shares in the last quarter. Accurate Wealth Management LLC raised its stake in shares of Kinder Morgan by 2.6% during the 1st quarter. Accurate Wealth Management LLC now owns 22,598 shares of the pipeline company’s stock worth $426,000 after purchasing an additional 568 shares in the last quarter. Mutual Advisors LLC raised its stake in shares of Kinder Morgan by 0.7% during the 1st quarter. Mutual Advisors LLC now owns 90,237 shares of the pipeline company’s stock worth $1,655,000 after purchasing an additional 597 shares in the last quarter. Cubic Asset Management LLC raised its stake in shares of Kinder Morgan by 5.1% during the 4th quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock worth $217,000 after purchasing an additional 600 shares in the last quarter. Finally, Thoroughbred Financial Services LLC increased its holdings in shares of Kinder Morgan by 2.1% during the 4th quarter. Thoroughbred Financial Services LLC now owns 30,018 shares of the pipeline company’s stock worth $529,000 after acquiring an additional 610 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

KMI has been the topic of a number of recent analyst reports. Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Scotiabank boosted their target price on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. UBS Group boosted their target price on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Truist Financial boosted their target price on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.25.

Kinder Morgan Trading Up 1.4 %

Shares of KMI stock traded up $0.30 on Friday, hitting $21.37. The company had a trading volume of 12,587,936 shares, compared to its average volume of 17,775,132. The firm has a market cap of $47.43 billion, a P/E ratio of 19.43, a P/E/G ratio of 3.21 and a beta of 0.93. The stock’s 50-day moving average is $19.96 and its two-hundred day moving average is $18.61. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.38 and a current ratio of 0.37. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $21.86.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the business posted $0.24 EPS. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.38%. Kinder Morgan’s dividend payout ratio is presently 104.55%.

Insider Activity at Kinder Morgan

In related news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the sale, the vice president now directly owns 259,069 shares in the company, valued at approximately $5,116,612.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the transaction, the vice president now directly owns 25,169 shares in the company, valued at approximately $534,841.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value of $987,500.00. Following the completion of the transaction, the vice president now owns 259,069 shares in the company, valued at $5,116,612.75. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by corporate insiders.

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.