TD Waterhouse Canada Inc. Lowers Position in Kinder Morgan, Inc. $KMI

TD Waterhouse Canada Inc. trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 88.2% during the 3rd quarter, Holdings Channel reports. The fund owned 16,239 shares of the pipeline company’s stock after selling 121,312 shares during the period. TD Waterhouse Canada Inc.’s holdings in Kinder Morgan were worth $459,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. LFA Lugano Financial Advisors SA purchased a new position in Kinder Morgan during the second quarter valued at approximately $26,000. CoreFirst Bank & Trust bought a new stake in Kinder Morgan during the 2nd quarter valued at $35,000. Private Wealth Management Group LLC boosted its position in Kinder Morgan by 94.9% during the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after acquiring an additional 595 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Kinder Morgan in the 2nd quarter valued at $40,000. Finally, Capital A Wealth Management LLC bought a new position in shares of Kinder Morgan in the 2nd quarter worth $41,000. Institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the topic of several analyst reports. Mizuho cut their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Friday, November 14th. Freedom Capital upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. TD Cowen boosted their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Jefferies Financial Group increased their target price on shares of Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada lifted their price target on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.38.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the transaction, the vice president owned 201,204 shares of the company’s stock, valued at $5,531,097.96. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David Patrick Michels sold 20,000 shares of the company’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 139,428 shares in the company, valued at approximately $4,182,840. The trade was a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 38,498 shares of company stock valued at $1,107,462. 12.73% of the stock is owned by insiders.

Kinder Morgan Trading Up 2.3%

NYSE:KMI opened at $30.31 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. The firm has a fifty day simple moving average of $27.71 and a 200-day simple moving average of $27.32. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $30.57. The company has a market capitalization of $67.42 billion, a P/E ratio of 22.12, a PEG ratio of 2.40 and a beta of 0.70.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, February 2nd. Kinder Morgan’s dividend payout ratio is 85.40%.

About Kinder Morgan

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.