Kinder Morgan, Inc. $KMI Stock Position Decreased by Profund Advisors LLC

Profund Advisors LLC reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 21.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 81,309 shares of the pipeline company’s stock after selling 22,127 shares during the period. Profund Advisors LLC’s holdings in Kinder Morgan were worth $2,451,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Evolution Wealth Management Inc. increased its position in shares of Kinder Morgan by 4,166.7% during the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 750 shares in the last quarter. Transamerica Financial Advisors LLC raised its holdings in shares of Kinder Morgan by 72.9% during the second quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 328 shares during the period. Frazier Financial Advisors LLC bought a new stake in Kinder Morgan in the 1st quarter valued at $28,000. Bell Investment Advisors Inc lifted its position in Kinder Morgan by 112.1% in the 2nd quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 500 shares in the last quarter. Finally, Robinswood Financial LLC acquired a new position in Kinder Morgan in the 1st quarter worth $34,000. Institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In related news, VP Michael Garthwaite sold 1,550 shares of the business’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $33.65, for a total transaction of $52,157.50. Following the transaction, the vice president directly owned 47,313 shares in the company, valued at approximately $1,592,082.45. The trade was a 3.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on KMI shares. Melius Research initiated coverage on Kinder Morgan in a report on Tuesday, September 22nd. They set a “buy” rating and a $38.00 target price for the company. Wells Fargo & Company boosted their price target on Kinder Morgan from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Freedom Broker upgraded Kinder Morgan from a “hold” rating to a “buy” rating and increased their price objective for the stock from $34.00 to $39.00 in a report on Thursday, October 22nd. Royal Bank Of Canada lifted their target price on Kinder Morgan from $36.00 to $38.00 and gave the company a “sector perform” rating in a research report on Wednesday. Finally, UBS Group restated a “buy” rating on shares of Kinder Morgan in a research note on Tuesday, October 27th. Twelve research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.15.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $33.90 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.55 and a current ratio of 0.67. The stock has a 50 day moving average price of $32.06 and a 200 day moving average price of $32.03. The stock has a market capitalization of $75.52 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Kinder Morgan had a return on equity of 10.84% and a net margin of 19.64%. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the previous year, the firm earned $0.29 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts predict that Kinder Morgan, Inc. will post 1.57 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be paid a $0.2975 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.19 annualized dividend and a dividend yield of 3.5%. Kinder Morgan’s dividend payout ratio (DPR) is currently 73.46%.

Kinder Morgan Company Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.