Kinder Morgan, Inc. (NYSE:KMI) Holdings Lifted by Profund Advisors LLC

Profund Advisors LLC increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,460 shares of the pipeline company’s stock after buying an additional 8,533 shares during the quarter. Profund Advisors LLC’s holdings in Kinder Morgan were worth $2,036,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC grew its holdings in shares of Kinder Morgan by 3,655.3% during the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after buying an additional 1,389 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in Kinder Morgan in the first quarter valued at about $30,000. Redmont Wealth Advisors LLC purchased a new position in Kinder Morgan in the first quarter valued at about $31,000. OFI Invest Asset Management purchased a new position in Kinder Morgan in the first quarter valued at about $31,000. Finally, AlphaMark Advisors LLC grew its stake in Kinder Morgan by 92.5% in the second quarter. AlphaMark Advisors LLC now owns 1,925 shares of the pipeline company’s stock valued at $38,000 after purchasing an additional 925 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the sale, the president now directly owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total value of $2,101,000.00. Following the completion of the sale, the president now directly owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sital K. Mody sold 25,169 shares of Kinder Morgan stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.04, for a total value of $529,555.76. The disclosure for this sale can be found here. Insiders sold 148,311 shares of company stock valued at $3,121,891 in the last three months. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Up 0.9 %

Shares of KMI opened at $21.79 on Monday. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $21.88. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. The stock has a 50 day simple moving average of $21.16 and a 200-day simple moving average of $19.74. The stock has a market cap of $48.36 billion, a PE ratio of 19.81, a PEG ratio of 2.90 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same period in the prior year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a dividend of $0.2875 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a yield of 5.28%. Kinder Morgan’s dividend payout ratio is 104.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KMI. Truist Financial boosted their price target on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Barclays boosted their price target on Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $18.00 to $22.00 in a research report on Tuesday, June 4th. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Friday, July 19th. Finally, Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $22.55.

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.