TD Private Client Wealth LLC Raises Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

TD Private Client Wealth LLC boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,814 shares of the pipeline company’s stock after purchasing an additional 464 shares during the period. TD Private Client Wealth LLC’s holdings in Kinder Morgan were worth $570,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KMI. Xponance Inc. grew its position in Kinder Morgan by 5.2% during the fourth quarter. Xponance Inc. now owns 303,044 shares of the pipeline company’s stock valued at $8,303,000 after buying an additional 15,114 shares during the period. Principal Financial Group Inc. increased its stake in shares of Kinder Morgan by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after purchasing an additional 71,984 shares during the last quarter. Golden State Equity Partners raised its holdings in shares of Kinder Morgan by 2,507.9% in the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock worth $450,000 after purchasing an additional 15,800 shares during the period. Royal London Asset Management Ltd. lifted its stake in Kinder Morgan by 2.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company’s stock valued at $62,062,000 after purchasing an additional 44,474 shares during the last quarter. Finally, Barclays PLC grew its holdings in Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after purchasing an additional 2,334,273 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on KMI shares. JPMorgan Chase & Co. upped their price target on Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Morgan Stanley upped their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. 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 note on Monday, March 3rd. Truist Financial upped their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Finally, Scotiabank began coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus target price of $29.64.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the transaction, the president now directly owns 825,652 shares in the company, valued at approximately $21,970,599.72. This represents a 2.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the transaction, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,461 shares of company stock worth $3,490,996. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $28.76 on Tuesday. The business has a 50-day simple moving average of $27.57 and a 200 day simple moving average of $26.21. Kinder Morgan, Inc. has a 52 week low of $17.61 and a 52 week high of $31.48. The stock has a market cap of $63.91 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 3.08 and a beta of 0.94. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Kinder Morgan Company 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.