Nisa Investment Advisors LLC Acquires 21,034 Shares of Kinder Morgan, Inc. $KMI

Nisa Investment Advisors LLC raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 6.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 329,354 shares of the pipeline company’s stock after purchasing an additional 21,034 shares during the period. Nisa Investment Advisors LLC’s holdings in Kinder Morgan were worth $9,054,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in KMI. Fifth Third Wealth Advisors LLC increased its holdings in shares of Kinder Morgan by 9.3% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 78,108 shares of the pipeline company’s stock worth $2,147,000 after purchasing an additional 6,618 shares during the period. Shrier Wealth Management LLC bought a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $525,000. Royal Fund Management LLC boosted its stake in shares of Kinder Morgan by 15.9% in the fourth quarter. Royal Fund Management LLC now owns 136,432 shares of the pipeline company’s stock valued at $3,750,000 after buying an additional 18,703 shares during the period. McGlone Suttner Wealth Management Inc. grew its position in Kinder Morgan by 2.4% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 23,455 shares of the pipeline company’s stock worth $645,000 after buying an additional 556 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC bought a new position in Kinder Morgan during the 4th quarter worth $499,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

KMI has been the subject of several analyst reports. Stifel Nicolaus lifted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a report on Friday, March 13th. Scotiabank increased their target price on Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, March 26th. TD Cowen raised their price target on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $34.33.

Kinder Morgan Stock Down 1.9%

Shares of KMI opened at $32.91 on Thursday. The firm has a 50 day simple moving average of $32.28 and a two-hundred day simple moving average of $28.97. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $34.73. The company has a market cap of $73.21 billion, a P/E ratio of 24.02, a P/E/G ratio of 3.07 and a beta of 0.64.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter last year, the business posted $0.30 EPS. The company’s revenue was up 13.1% compared to the same quarter last year. Research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were paid a $0.2925 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.17 annualized dividend and a yield of 3.6%. Kinder Morgan’s dividend payout ratio (DPR) is 85.40%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $33.30, for a total transaction of $51,615.00. Following the completion of the transaction, the vice president owned 46,393 shares of the company’s stock, valued at approximately $1,544,886.90. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Patrick Michels sold 20,000 shares of the stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the transaction, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at $4,182,840. This trade represents a 12.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 48,048 shares of company stock valued at $1,469,863. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.