Sun Sep 15 14:46:49 UTC 2024: ## Meeder Advisory Services Ups Stake in Kinder Morgan, Other Institutional Investors Follow Suit

**New York, NY – September 15, 2024** – Meeder Advisory Services Inc. has increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 47.7% in the second quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. The institutional investor now owns 45,324 shares of the pipeline company, valued at $901,000.

Meeder’s move reflects a growing trend of institutional investors increasing their holdings in Kinder Morgan. Vanguard Group Inc. boosted its stake by 15.8% in the first quarter, Norges Bank purchased a new position worth $409 million, and Clearbridge Investments LLC increased its holdings by 23.6%. Other investors like Energy Income Partners LLC and Kayne Anderson Capital Advisors LP also saw growth in their Kinder Morgan holdings. In total, 62.52% of Kinder Morgan stock is owned by institutional investors and hedge funds.

Despite this bullish sentiment, Kinder Morgan insiders have been selling shares. President Thomas A. Martin sold 100,000 shares on August 1st, and VP Sital K. Mody sold 25,169 shares on the same day. In the last ninety days, insiders have sold a total of 148,311 shares, amounting to $3,121,891. While insiders own 12.64% of the company’s stock, their recent selling activities may raise some eyebrows.

Kinder Morgan reported earnings for the second quarter on July 17th, missing analysts’ estimates on earnings per share but exceeding revenue expectations. The company also announced a quarterly dividend of $0.2875 per share, representing a 5.44% dividend yield. Analysts remain generally positive on Kinder Morgan, with a consensus rating of “Moderate Buy” and a consensus price target of $22.40.

While institutional investors continue to show confidence in Kinder Morgan, the recent insider selling activity adds a layer of complexity to the company’s outlook. Investors will be watching closely to see how the company performs in the coming quarters and whether the positive sentiment translates into continued growth.

Read More