Profund Advisors LLC lifted its position in shares of Kinder Morgan Inc (NYSE:KMI) by 8.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,819 shares of the pipeline company’s stock after buying an additional 5,843 shares during the period. Profund Advisors LLC’s holdings in Kinder Morgan were worth $1,625,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. increased its holdings in shares of Kinder Morgan by 866.1% during the 1st quarter. Centaurus Financial Inc. now owns 1,082 shares of the pipeline company’s stock worth $54,000 after buying an additional 970 shares during the last quarter. Citizens Financial Group Inc RI boosted its position in Kinder Morgan by 119.2% during the 1st quarter. Citizens Financial Group Inc RI now owns 1,256 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 683 shares during the period. Hanson McClain Inc. boosted its position in Kinder Morgan by 606.6% during the 1st quarter. Hanson McClain Inc. now owns 1,505 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 1,292 shares during the period. SRS Capital Advisors Inc. purchased a new stake in Kinder Morgan during the 2nd quarter worth $32,000. Finally, AlphaMark Advisors LLC boosted its position in Kinder Morgan by 106.7% during the 1st quarter. AlphaMark Advisors LLC now owns 1,550 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 61.76% of the company’s stock.

NYSE:KMI traded up $0.05 on Friday, reaching $20.47. The stock had a trading volume of 11,466,500 shares, compared to its average volume of 11,066,825. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average of $20.28 and a 200 day moving average of $20.23. The stock has a market cap of $46.23 billion, a P/E ratio of 23.00, a price-to-earnings-growth ratio of 4.28 and a beta of 0.82. Kinder Morgan Inc has a 12-month low of $14.62 and a 12-month high of $21.50.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Kinder Morgan had a net margin of 16.50% and a return on equity of 6.23%. The business’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 earnings per share. On average, equities analysts predict that Kinder Morgan Inc will post 0.96 EPS for the current year.

In other news, insider Richard D. Kinder acquired 400,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was bought at an average cost of $19.95 per share, with a total value of $7,980,000.00. Following the transaction, the insider now directly owns 241,579,496 shares in the company, valued at approximately $4,819,510,945.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Dax Sanders sold 71,944 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $20.05, for a total transaction of $1,442,477.20. Following the completion of the transaction, the vice president now directly owns 204,605 shares of the company’s stock, valued at $4,102,330.25. The disclosure for this sale can be found here. Over the last three months, insiders acquired 705,000 shares of company stock valued at $14,007,550. 13.95% of the stock is currently owned by corporate insiders.

A number of analysts recently weighed in on the stock. BMO Capital Markets cut shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 price target for the company. in a research report on Monday, July 29th. Raymond James cut shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 price target for the company. in a research report on Wednesday, June 26th. Scotiabank assumed coverage on shares of Kinder Morgan in a research report on Tuesday, September 3rd. They set a “sector perform” rating and a $23.00 price target for the company. ValuEngine cut shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Scotia Howard Weill assumed coverage on shares of Kinder Morgan in a research report on Tuesday, September 3rd. They set a “sector perform” rating and a $23.00 price target for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $21.91.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

Featured Article: Accumulation/Distribution

Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.