Toronto Dominion Bank Has $16.99 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Toronto Dominion Bank cut its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 22.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 769,236 shares of the pipeline company’s stock after selling 227,443 shares during the period. Toronto Dominion Bank’s holdings in Kinder Morgan were worth $16,992,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan in the 3rd quarter valued at $28,000. Planning Capital Management Corp increased its stake in Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 797 shares during the period. HM Payson & Co. raised its position in Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,145 shares in the last quarter. Activest Wealth Management lifted its stake in Kinder Morgan by 63.0% during the third quarter. Activest Wealth Management now owns 1,478 shares of the pipeline company’s stock worth $33,000 after purchasing an additional 571 shares during the period. Finally, HWG Holdings LP acquired a new stake in Kinder Morgan during the second quarter valued at approximately $30,000. 62.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. The Goldman Sachs Group raised their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Stifel Nicolaus lifted their price objective on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Barclays raised their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Wells Fargo & Company boosted their target price on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research report on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average target price of $25.75.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $26.90 on Friday. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $28.81. The company’s 50-day moving average is $26.03 and its two-hundred day moving average is $22.57. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a market cap of $59.76 billion, a PE ratio of 23.60, a PEG ratio of 3.88 and a beta of 0.95.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 100.88%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total value of $492,120.00. Following the transaction, the president now directly owns 879,652 shares of the company’s stock, valued at $24,049,685.68. This represents a 2.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 727,263 shares of company stock worth $18,075,634 over the last quarter. 12.64% of the stock is currently owned by insiders.

About Kinder Morgan

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.