Toronto Dominion Bank Reduces Stake in Kinder Morgan, Inc. (NYSE:KMI)

Toronto Dominion Bank trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 22.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 769,236 shares of the pipeline company's stock after selling 227,443 shares during the period. Toronto Dominion Bank's holdings in Kinder Morgan were worth $16,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. increased its stake in Kinder Morgan by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company's stock worth $101,422,000 after acquiring an additional 29,861 shares during the last quarter. Global Retirement Partners LLC raised its holdings in Kinder Morgan by 3.5% during the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company's stock valued at $504,000 after buying an additional 776 shares during the period. Principal Financial Group Inc. lifted its position in Kinder Morgan by 3.2% in the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock worth $50,624,000 after buying an additional 71,984 shares during the last quarter. Czech National Bank boosted its stake in Kinder Morgan by 6.9% during the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company's stock worth $8,689,000 after buying an additional 25,406 shares during the period. Finally, Valley National Advisers Inc. increased its position in Kinder Morgan by 1,512.7% during the third quarter. Valley National Advisers Inc. now owns 88,583 shares of the pipeline company's stock valued at $1,956,000 after acquiring an additional 83,090 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the sale, the president now directly owns 879,652 shares in the company, valued at approximately $24,049,685.68. This trade represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Amy W. Chronis purchased 2,241 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now directly owns 23,995 shares of the company's stock, valued at approximately $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 727,263 shares of company stock valued at $18,075,634 over the last 90 days. Insiders own 12.64% of the company's stock.

Kinder Morgan Stock Down 0.0 %

KMI stock traded down $0.01 during trading on Friday, hitting $26.89. 8,283,900 shares of the company's stock traded hands, compared to its average volume of 13,782,707. The firm has a market capitalization of $59.74 billion, a P/E ratio of 23.60, a PEG ratio of 3.88 and a beta of 0.95. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $28.81. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The business has a fifty day simple moving average of $26.10 and a two-hundred day simple moving average of $22.60.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). The company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company's revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 earnings per share. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.28%. Kinder Morgan's dividend payout ratio (DPR) is presently 100.88%.

Analyst Ratings Changes

KMI has been the subject of a number of recent analyst reports. The Goldman Sachs Group lifted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Royal Bank of Canada increased their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 22nd. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a report on Friday, October 18th. Stifel Nicolaus lifted their target price on Kinder Morgan from $22.00 to $23.00 and gave the stock a "hold" rating in a research report on Tuesday, August 27th. Finally, Bank of America initiated coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a "buy" rating and a $27.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $25.75.

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.