Toronto Dominion Bank Lowers Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Toronto Dominion Bank cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 698,159 shares of the pipeline company's stock after selling 71,077 shares during the quarter. Toronto Dominion Bank's holdings in Kinder Morgan were worth $19,130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Xponance Inc. raised its position in Kinder Morgan by 5.2% during the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock valued at $8,303,000 after purchasing an additional 15,114 shares in the last quarter. Golden State Equity Partners raised its holdings in shares of Kinder Morgan by 2,507.9% in the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock valued at $450,000 after acquiring an additional 15,800 shares in the last quarter. Royal London Asset Management Ltd. lifted its stake in Kinder Morgan by 2.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock worth $62,062,000 after acquiring an additional 44,474 shares during the period. UMB Bank n.a. grew its holdings in Kinder Morgan by 116.1% during the 4th quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company's stock worth $5,772,000 after acquiring an additional 113,173 shares in the last quarter. Finally, Clear Creek Financial Management LLC increased its position in Kinder Morgan by 86.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 23,716 shares of the pipeline company's stock valued at $650,000 after purchasing an additional 10,987 shares during the period. Institutional investors own 62.52% of the company's stock.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the transaction, the president now owns 825,652 shares in the company, valued at approximately $21,970,599.72. This trade represents a 2.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 54,000 shares of company stock valued at $1,492,740 in the last ninety days. Company insiders own 12.73% of the company's stock.

Kinder Morgan Stock Down 0.3%

Shares of KMI opened at $28.00 on Tuesday. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The firm has a market cap of $62.22 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The company's 50-day moving average price is $27.18 and its 200 day moving average price is $27.34. Kinder Morgan, Inc. has a 12-month low of $18.83 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a $0.2925 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.18%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is 100.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Scotiabank lifted their price target on Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a report on Monday, April 21st. Royal Bank of Canada boosted their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.79.

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.

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