TD Asset Management Inc Has $43.49 Million Position in Kinder Morgan, Inc. $KMI

TD Asset Management Inc lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,360,335 shares of the pipeline company’s stock after selling 102,282 shares during the period. TD Asset Management Inc owned approximately 0.06% of Kinder Morgan worth $43,490,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Evolution Wealth Management Inc. lifted its stake in Kinder Morgan by 4,166.7% in the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock valued at $25,000 after buying an additional 750 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Kinder Morgan during the first quarter worth $28,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $27,000. First Pacific Financial lifted its position in Kinder Morgan by 9,900.0% in the 1st quarter. First Pacific Financial now owns 1,000 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 990 shares in the last quarter. Finally, Robinswood Financial LLC bought a new stake in Kinder Morgan in the 1st quarter valued at $34,000. 62.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Citigroup reaffirmed a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Morgan Stanley set a $38.00 price target on Kinder Morgan in a report on Wednesday, July 29th. UBS Group reaffirmed a “buy” rating and set a $43.00 price objective on shares of Kinder Morgan in a research report on Monday, June 15th. Jefferies Financial Group reiterated a “hold” rating on shares of Kinder Morgan in a report on Thursday, July 23rd. Finally, Wells Fargo & Company lifted their target price on Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $35.50.

Insider Activity

In related news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $31.90, for a total transaction of $196,695.40. Following the sale, the vice president owned 164,208 shares in the company, valued at approximately $5,238,235.20. This represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the transaction, the vice president directly owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This trade represents a 3.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 15,432 shares of company stock worth $493,849 in the last quarter. 12.72% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Performance

Shares of KMI opened at $32.83 on Friday. The stock has a market capitalization of $73.09 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.64 and a beta of 0.54. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The firm has a fifty day simple moving average of $31.99 and a 200 day simple moving average of $32.24. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the previous year, the business earned $0.28 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Research analysts forecast that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be given a $0.2975 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.6%. Kinder Morgan’s payout ratio is currently 76.28%.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.