Nisa Investment Advisors LLC Has $8.73 Million Stake in Kinder Morgan, Inc. $KMI

Nisa Investment Advisors LLC raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 21.5% in the 3rd quarter, Holdings Channel reports. The firm owned 308,320 shares of the pipeline company’s stock after purchasing an additional 54,654 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kinder Morgan were worth $8,729,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV lifted its stake in shares of Kinder Morgan by 14.5% in the second quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock worth $83,000 after acquiring an additional 357 shares during the period. L.M. Kohn & Company increased its position in Kinder Morgan by 3.4% during the 2nd quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock valued at $322,000 after purchasing an additional 360 shares during the period. Alhambra Investment Management LLC raised its holdings in Kinder Morgan by 2.3% during the 2nd quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock worth $468,000 after purchasing an additional 363 shares during the last quarter. Golden State Equity Partners lifted its position in shares of Kinder Morgan by 2.2% in the 3rd quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock worth $485,000 after purchasing an additional 368 shares during the period. Finally, Relyea Zuckerberg Hanson LLC boosted its stake in shares of Kinder Morgan by 4.2% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock valued at $276,000 after purchasing an additional 374 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.5%

KMI opened at $27.14 on Friday. The company has a fifty day moving average price of $26.97 and a two-hundred day moving average price of $27.25. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $31.48. The company has a market cap of $60.37 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 2.24 and a beta of 0.69. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period last year, the business posted $0.25 EPS. The firm’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. Analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, November 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

Insider Activity

In other Kinder Morgan news, Chairman Richard D. Kinder purchased 1,000,000 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was acquired at an average price of $25.96 per share, for a total transaction of $25,960,000.00. Following the purchase, the chairman owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. This trade represents a 0.41% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $27.49, for a total transaction of $169,503.34. Following the transaction, the vice president owned 201,204 shares in the company, valued at approximately $5,531,097.96. The trade was a 2.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders bought 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $507,462. Corporate insiders own 12.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on KMI shares. Jefferies Financial Group lowered their target price on shares of Kinder Morgan from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, December 23rd. Stifel Nicolaus upped their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Tuesday, November 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Morgan Stanley set a $29.00 price objective on Kinder Morgan in a research note on Tuesday, December 23rd. Finally, Mizuho decreased their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.20.

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.