Kinder Morgan, Inc. $KMI Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 542,780 shares of the pipeline company’s stock after selling 23,672 shares during the period. ProShare Advisors LLC’s holdings in Kinder Morgan were worth $16,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. increased its holdings in Kinder Morgan by 4,166.7% in the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock valued at $25,000 after buying an additional 750 shares in the last quarter. Transamerica Financial Advisors LLC raised its holdings in Kinder Morgan by 72.9% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 328 shares during the period. Frazier Financial Advisors LLC purchased a new position in Kinder Morgan during the first quarter worth approximately $28,000. Bell Investment Advisors Inc boosted its position in Kinder Morgan by 112.1% during the second quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 500 shares in the last quarter. Finally, Robinswood Financial LLC purchased a new stake in shares of Kinder Morgan in the first quarter valued at approximately $34,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KMI has been the topic of several research analyst reports. BMO Capital Markets lifted their target price on shares of Kinder Morgan from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, October 22nd. Capital One Financial began coverage on shares of Kinder Morgan in a research note on Tuesday, September 22nd. They set an “equal weight” rating and a $36.00 target price on the stock. Morgan Stanley upped their target price on shares of Kinder Morgan from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 27th. Mizuho lifted their price objective on Kinder Morgan from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. Finally, Argus boosted their price objective on Kinder Morgan from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Twelve analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.20.

Kinder Morgan Price Performance

Shares of KMI opened at $32.70 on Tuesday. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81. The stock has a market cap of $72.85 billion, a PE ratio of 21.11, a P/E/G ratio of 2.34 and a beta of 0.59. The firm has a 50-day simple moving average of $32.10 and a two-hundred day simple moving average of $32.05. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.36.

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

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, November 2nd. Kinder Morgan’s dividend payout ratio (DPR) is currently 73.46%.

Insider Activity

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

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.