Kinder Morgan, Inc. $KMI Shares Acquired by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its holdings in Kinder Morgan, Inc. by 5.3%, acquiring an additional 73,740 shares in the 2nd quarter, bringing its total ownership to approximately $42.8 million.
• Kinder Morgan reported earnings of $0.28 per share and revenue of $4.04 billion for the last quarter, surpassing analyst estimates for revenue while meeting EPS expectations.
• Insider trading activity included CFO David Patrick Michels selling 40,000 shares and Director Amy W. Chronis buying 2,759 shares, indicating significant changes in insider positions.

TD Asset Management Inc boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,454,311 shares of the pipeline company's stock after buying an additional 73,740 shares during the quarter. TD Asset Management Inc owned 0.07% of Kinder Morgan worth $42,757,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC grew its position in Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after buying an additional 788 shares during the last quarter. JNBA Financial Advisors grew its position in Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after buying an additional 870 shares during the last quarter. Cranbrook Wealth Management LLC grew its position in Kinder Morgan by 116.1% in the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company's stock worth $31,000 after buying an additional 562 shares during the last quarter. Grove Bank & Trust grew its position in Kinder Morgan by 2,913.5% in the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company's stock worth $32,000 after buying an additional 1,078 shares during the last quarter. Finally, Wolff Wiese Magana LLC acquired a new position in Kinder Morgan in the second quarter worth approximately $34,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Trading Down 1.6%

Shares of NYSE:KMI opened at $27.18 on Friday. The firm has a fifty day moving average of $27.25 and a two-hundred day moving average of $27.42. The firm has a market capitalization of $60.40 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 3.25 and a beta of 0.78. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.28. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of Kinder Morgan stock in a transaction on Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the sale, the chief financial officer owned 159,428 shares of the company's stock, valued at $4,494,275.32. This trade represents a 20.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Amy W. Chronis bought 2,759 shares of the firm's stock in a transaction on Monday, July 28th. The shares were bought at an average cost of $27.21 per share, with a total value of $75,072.39. Following the purchase, the director directly owned 34,764 shares in the company, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 134,174 shares of company stock worth $3,727,678. 12.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Scotiabank decreased their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating on the stock in a research report on Friday, September 19th. Cowen assumed coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating for the company. BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They issued an "outperform" rating and a $32.00 price objective for the company. TD Cowen assumed coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating and a $34.00 price objective for the company. Finally, Jefferies Financial Group assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 9th. They issued a "hold" rating and a $30.00 price objective for the company. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Kinder Morgan has a consensus rating of "Moderate Buy" and a consensus price target of $31.13.

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.

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