Profund Advisors LLC Buys 8,533 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Profund Advisors LLC boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 102,460 shares of the pipeline company’s stock after purchasing an additional 8,533 shares during the period. Profund Advisors LLC’s holdings in Kinder Morgan were worth $2,036,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. True Wealth Design LLC raised its position 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 worth $25,000 after purchasing an additional 1,389 shares during the period. Pathway Financial Advisers LLC bought a new position in Kinder Morgan in the first quarter valued at approximately $30,000. OFI Invest Asset Management acquired a new position in shares of Kinder Morgan in the first quarter valued at approximately $31,000. Redmont Wealth Advisors LLC bought a new stake in shares of Kinder Morgan during the first quarter worth $31,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Kinder Morgan during the second quarter worth $31,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KMI shares. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Stifel Nicolaus boosted their price target on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Morgan Stanley raised Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 target price on the stock in a research report on Monday, September 16th. Royal Bank of Canada upped their price target on Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 30th. Finally, UBS Group lifted their price objective on shares of Kinder Morgan from $24.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Kinder Morgan has a consensus rating of “Hold” and an average price target of $22.55.

Kinder Morgan Stock Performance

NYSE KMI opened at $21.79 on Monday. The firm has a market capitalization of $48.36 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93. 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 firm’s fifty day moving average price is $21.16 and its two-hundred day moving average price is $19.74. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $21.88.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 earnings per share. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced 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. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s payout ratio is presently 104.55%.

Insider Activity at Kinder Morgan

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

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.