TD Asset Management Inc. cut its holdings in Kinder Morgan Inc (NYSE:KMI) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 675,140 shares of the pipeline company’s stock after selling 15,957 shares during the quarter. TD Asset Management Inc.’s holdings in Kinder Morgan were worth $14,097,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Citizens Financial Group Inc RI lifted its stake in Kinder Morgan by 119.2% in the first quarter. Citizens Financial Group Inc RI now owns 1,256 shares of the pipeline company’s stock valued at $25,000 after buying an additional 683 shares during the period. Financial Gravity Wealth Inc. acquired a new position in Kinder Morgan in the first quarter valued at approximately $30,000. Hanson McClain Inc. lifted its stake in Kinder Morgan by 606.6% in the first quarter. Hanson McClain Inc. now owns 1,505 shares of the pipeline company’s stock valued at $30,000 after buying an additional 1,292 shares during the period. AlphaMark Advisors LLC lifted its stake in Kinder Morgan by 106.7% in the first quarter. AlphaMark Advisors LLC now owns 1,550 shares of the pipeline company’s stock valued at $31,000 after buying an additional 800 shares during the period. Finally, Weaver Consulting Group acquired a new position in Kinder Morgan in the first quarter valued at approximately $33,000. 62.82% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have issued reports on KMI. ValuEngine lowered Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Johnson Rice began coverage on Kinder Morgan in a research report on Thursday, May 30th. They set a “hold” rating and a $21.00 target price on the stock. Raymond James lowered Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 target price on the stock. in a research report on Wednesday, June 26th. BMO Capital Markets lowered Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 target price on the stock. in a research report on Monday, July 29th. Finally, Stifel Nicolaus lowered Kinder Morgan from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a research report on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.75.
Shares of NYSE:KMI traded up $0.25 during trading on Friday, reaching $20.13. 10,345,500 shares of the stock were exchanged, compared to its average volume of 14,914,051. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.41 and a quick ratio of 0.33. Kinder Morgan Inc has a 1-year low of $14.62 and a 1-year high of $21.50. The stock has a fifty day moving average of $20.67 and a two-hundred day moving average of $20.03. The firm has a market cap of $45.00 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 4.17 and a beta of 0.86.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Kinder Morgan had a return on equity of 6.23% and a net margin of 16.50%. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the company earned $0.20 earnings per share. Kinder Morgan’s revenue for the quarter was down 6.2% compared to the same quarter last year. Sell-side analysts forecast that Kinder Morgan Inc will post 0.95 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend was Tuesday, July 30th. Kinder Morgan’s payout ratio is currently 112.36%.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.