Toronto Dominion Bank Has $19.13 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Toronto Dominion Bank trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 9.2% during the fourth quarter, according to 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 period. Toronto Dominion Bank's holdings in Kinder Morgan were worth $19,130,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of KMI. Centricity Wealth Management LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $25,000. Hurley Capital LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter worth about $25,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter worth about $26,000. Morse Asset Management Inc acquired a new stake in shares of Kinder Morgan in the 4th quarter worth about $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter worth about $29,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Shares of NYSE:KMI traded up $0.11 during trading hours on Friday, hitting $28.03. 15,718,257 shares of the company's stock traded hands, compared to its average volume of 14,003,992. Kinder Morgan, Inc. has a 52 week low of $18.88 and a 52 week high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The company's fifty day simple moving average is $27.20 and its two-hundred day simple moving average is $27.42. The company has a market cap of $62.28 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The company had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.17%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan's dividend payout ratio (DPR) is presently 100.86%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Scotiabank increased their price objective on shares of Kinder Morgan from $25.00 to $26.00 and gave the stock a "sector perform" rating in a report on Monday, April 21st. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Royal Bank of Canada increased their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. Finally, Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price for the company in a research report on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Kinder Morgan has a consensus rating of "Moderate Buy" and a consensus price target of $29.79.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the sale, the president now directly owns 807,652 shares in the company, valued at approximately $23,219,995. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 54,000 shares of company stock worth $1,492,740. 12.73% of the stock is owned by company insiders.

Kinder Morgan 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.