ProShare Advisors LLC Has $16.33 Million Stock Holdings in Kinder Morgan, Inc. $KMI

ProShare Advisors LLC lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 11.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 555,524 shares of the pipeline company’s stock after purchasing an additional 57,833 shares during the quarter. ProShare Advisors LLC’s holdings in Kinder Morgan were worth $16,332,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA acquired a new stake in shares of Kinder Morgan during the second quarter worth approximately $26,000. Cranbrook Wealth Management LLC boosted its holdings in shares of Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 562 shares in the last quarter. Wolff Wiese Magana LLC bought a new stake in Kinder Morgan during the 2nd quarter worth approximately $34,000. Clearstead Trust LLC acquired a new stake in Kinder Morgan during the 1st quarter valued at $40,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Kinder Morgan in the first quarter worth $46,000. 62.52% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $27.00, for a total transaction of $166,482.00. Following the transaction, the vice president owned 213,536 shares in the company, valued at approximately $5,765,472. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy W. Chronis purchased 3,800 shares of the stock in a transaction dated Friday, October 31st. The stock was bought at an average cost of $26.23 per share, with a total value of $99,674.00. Following the completion of the purchase, the director owned 39,051 shares in the company, valued at $1,024,307.73. The trade was a 10.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $506,660. 12.73% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of research reports. Morgan Stanley set a $30.00 target price on Kinder Morgan in a research note on Thursday, October 9th. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Friday, July 25th. JPMorgan Chase & Co. increased their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Finally, Jefferies Financial Group assumed coverage on shares of Kinder Morgan in a report on Thursday, October 9th. They issued a “hold” rating and a $30.00 price target for the company. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.19.

Kinder Morgan Stock Down 0.5%

Shares of NYSE KMI opened at $26.93 on Wednesday. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48. The firm’s 50-day moving average is $27.17 and its 200-day moving average is $27.42. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $59.91 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. Kinder Morgan’s revenue for the quarter was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be given a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, November 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

About Kinder Morgan

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.