TD Asset Management Inc Decreases Stake in Kinder Morgan, Inc. $KMI

TD Asset Management Inc cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,425,362 shares of the pipeline company’s stock after selling 28,949 shares during the quarter. TD Asset Management Inc owned about 0.06% of Kinder Morgan worth $40,352,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Davis Capital Management purchased a new position in shares of Kinder Morgan during the 3rd quarter worth $1,426,000. Meixler Investment Management Ltd. acquired a new stake in Kinder Morgan during the third quarter worth about $1,882,000. Providence Capital Advisors LLC purchased a new position in Kinder Morgan during the third quarter worth about $2,674,000. Vise Technologies Inc. acquired a new position in Kinder Morgan in the 2nd quarter valued at about $1,713,000. Finally, Carnegie Investment Counsel boosted its holdings in Kinder Morgan by 9.8% in the 3rd quarter. Carnegie Investment Counsel now owns 755,295 shares of the pipeline company’s stock valued at $21,382,000 after purchasing an additional 67,274 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

KMI has been the topic of several analyst reports. Mizuho reduced their price target on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. TD Cowen upped their price target on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Stifel Nicolaus increased their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. Royal Bank Of Canada boosted their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday. Finally, Scotiabank lifted their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, January 23rd. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and an average target price of $32.54.

Insider Activity

In other Kinder Morgan news, Director William A. Smith purchased 3,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was bought at an average cost of $29.75 per share, with a total value of $89,250.00. Following the acquisition, the director directly owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. This represents a 10.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Anthony B. Ashley sold 8,000 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total value of $255,600.00. Following the completion of the transaction, the vice president owned 100,146 shares in the company, valued at approximately $3,199,664.70. The trade was a 7.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 46,498 shares of company stock valued at $1,382,115 over the last quarter. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Up 0.5%

KMI opened at $33.23 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50. The stock has a market capitalization of $73.93 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 2.72 and a beta of 0.70. The business has a fifty day moving average price of $29.50 and a 200 day moving average price of $27.88. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month 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, topping analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the company posted $0.30 earnings per share. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

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

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.