Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by TD Asset Management Inc

Key Points

• TD Asset Management Inc has increased its stake in Kinder Morgan, Inc. by 32.5%, now owning 1,380,571 shares worth approximately $39.4 million.
• Kinder Morgan reported $4.04 billion in revenue for the last quarter, exceeding analyst estimates of $3.75 billion, and a quarterly EPS of $0.28, matching expectations.
• The company has recently declared a quarterly dividend of $0.2925 per share, reflecting a 4.30% dividend yield and a payout ratio of 95.90%.

TD Asset Management Inc raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 32.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,380,571 shares of the pipeline company's stock after acquiring an additional 338,291 shares during the period. TD Asset Management Inc owned about 0.06% of Kinder Morgan worth $39,388,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Morton Capital Management LLC CA lifted its stake in Kinder Morgan by 1.0% in the first quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock worth $1,084,000 after acquiring an additional 377 shares during the period. Diligent Investors LLC lifted its position in Kinder Morgan by 1.5% during the fourth quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock valued at $715,000 after buying an additional 381 shares during the period. Signaturefd LLC raised its position in shares of Kinder Morgan by 1.8% in the 1st quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock worth $601,000 after purchasing an additional 381 shares during the last quarter. Aspiriant LLC raised its position in shares of Kinder Morgan by 1.7% in the 1st quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock worth $677,000 after purchasing an additional 396 shares during the last quarter. Finally, Sowell Financial Services LLC raised its position in shares of Kinder Morgan by 0.5% in the 1st quarter. Sowell Financial Services LLC now owns 79,825 shares of the pipeline company's stock worth $2,277,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 62.52% of the company's stock.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the sale, the president owned 771,652 shares of the company's stock, valued at $21,806,885.52. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy W. Chronis bought 2,759 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were purchased at an average cost of $27.21 per share, with a total value of $75,072.39. Following the acquisition, the director directly owned 34,764 shares of the company's stock, 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. 12.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on KMI shares. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a report on Monday, July 7th. Stifel Nicolaus boosted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Wolfe Research upgraded Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a research note on Friday, July 25th. Barclays reissued an "overweight" rating and issued a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Finally, Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.13.

Kinder Morgan Trading Down 0.1%

KMI stock traded down $0.02 during midday trading on Friday, reaching $28.05. The company's stock had a trading volume of 8,215,141 shares, compared to its average volume of 14,386,093. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The stock has a fifty day simple moving average of $27.95 and a two-hundred day simple moving average of $27.56. Kinder Morgan, Inc. has a 1 year low of $19.68 and a 1 year high of $31.48. The firm has a market capitalization of $62.32 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 3.53 and a beta of 0.75.

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

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.2%. Kinder Morgan's dividend payout ratio (DPR) is presently 95.90%.

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.