Toronto Dominion Bank trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 4.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,109,119 shares of the pipeline company's stock after selling 50,309 shares during the quarter. Toronto Dominion Bank's holdings in Kinder Morgan were worth $20,972,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of KMI. Norges Bank purchased a new position in shares of Kinder Morgan during the 4th quarter valued at about $243,159,000. First Trust Advisors LP raised its holdings in shares of Kinder Morgan by 109.7% during the 4th quarter. First Trust Advisors LP now owns 6,652,887 shares of the pipeline company's stock valued at $105,515,000 after buying an additional 3,480,176 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its stake in Kinder Morgan by 332,150.0% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 3,412,207 shares of the pipeline company's stock worth $64,525,000 after purchasing an additional 3,411,180 shares during the period. Geode Capital Management LLC increased its stake in Kinder Morgan by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 35,733,418 shares of the pipeline company's stock worth $565,217,000 after purchasing an additional 1,517,490 shares during the period. Finally, Artemis Investment Management LLP purchased a new position in Kinder Morgan in the 1st quarter worth approximately $27,460,000. 58.53% of the stock is owned by hedge funds and other institutional investors.
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Insiders Place Their Bets
In other news, VP John W. Schlosser sold 3,000 shares of the company's stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $18.00, for a total value of $54,000.00. Following the completion of the transaction, the vice president now owns 28,719 shares of the company's stock, valued at $516,942. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP John W. Schlosser sold 1,500 shares of the company's stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $19.21, for a total value of $28,815.00. Following the completion of the transaction, the vice president now owns 31,719 shares of the company's stock, valued at $609,321.99. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 3,000 shares of the company's stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $18.00, for a total value of $54,000.00. Following the completion of the transaction, the vice president now directly owns 28,719 shares of the company's stock, valued at approximately $516,942. The disclosure for this sale can be found here. Company insiders own 14.22% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on KMI shares. Morgan Stanley lifted their price target on Kinder Morgan from $19.00 to $20.00 and gave the stock an "underweight" rating in a research note on Wednesday, April 20th. Mizuho lifted their price target on Kinder Morgan from $21.00 to $22.00 in a research note on Thursday, April 21st. TD Securities boosted their target price on Kinder Morgan from $21.00 to $23.00 and gave the company a "buy" rating in a research note on Thursday, April 21st. US Capital Advisors reissued a "hold" rating on shares of Kinder Morgan in a research note on Wednesday, June 1st. Finally, UBS Group boosted their target price on Kinder Morgan to $25.00 in a research note on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $21.14.
Kinder Morgan Trading Up 2.5 %
NYSE KMI opened at $18.59 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a twelve month low of $15.01 and a twelve month high of $20.20. The firm has a market capitalization of $41.88 billion, a PE ratio of 17.37, a P/E/G ratio of 5.04 and a beta of 0.94. The stock's 50 day moving average is $17.54 and its 200 day moving average is $18.08.
Kinder Morgan (NYSE:KMI – Get Rating) last released its earnings results on Wednesday, July 20th. The pipeline company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the previous year, the company posted $0.23 earnings per share. The company's revenue for the quarter was up 63.5% compared to the same quarter last year. Research analysts forecast that Kinder Morgan, Inc. will post 1.2 earnings per share for the current fiscal year.
Kinder Morgan Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 1st will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date of this dividend is Friday, July 29th. Kinder Morgan's payout ratio is 103.74%.
Kinder Morgan Profile
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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.
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