Nisa Investment Advisors LLC Purchases 1,500 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Nisa Investment Advisors LLC lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,737 shares of the pipeline company’s stock after acquiring an additional 1,500 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kinder Morgan were worth $4,766,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in KMI. Southern Capital Advisors LLC bought a new stake in shares of Kinder Morgan in the 3rd quarter valued at about $207,000. Valley National Advisers Inc. increased its holdings in Kinder Morgan by 1,512.7% during the third quarter. Valley National Advisers Inc. now owns 88,583 shares of the pipeline company’s stock valued at $1,956,000 after buying an additional 83,090 shares during the period. Benedict Financial Advisors Inc. raised its stake in Kinder Morgan by 12.3% in the third quarter. Benedict Financial Advisors Inc. now owns 129,144 shares of the pipeline company’s stock worth $2,853,000 after buying an additional 14,177 shares in the last quarter. PFG Investments LLC lifted its holdings in Kinder Morgan by 7.1% during the third quarter. PFG Investments LLC now owns 45,419 shares of the pipeline company’s stock worth $1,003,000 after buying an additional 3,002 shares during the period. Finally, Arkadios Wealth Advisors boosted its position in Kinder Morgan by 3.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 81,357 shares of the pipeline company’s stock valued at $1,797,000 after acquiring an additional 2,446 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KMI shares. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Truist Financial raised their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Friday, July 19th. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Finally, UBS Group increased their price objective on Kinder Morgan from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.91.

Kinder Morgan Stock Down 0.2 %

Kinder Morgan stock opened at $24.51 on Friday. The business’s 50-day simple moving average is $22.79 and its two-hundred day simple moving average is $20.87. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.46. The company has a market cap of $54.40 billion, a PE ratio of 22.28, a PEG ratio of 3.06 and a beta of 0.93. Kinder Morgan, Inc. has a fifty-two week low of $16.06 and a fifty-two week high of $25.43.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the company earned $0.25 EPS. Kinder Morgan’s quarterly revenue was down 5.3% on a year-over-year basis. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.2875 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.69%. Kinder Morgan’s payout ratio is currently 104.55%.

Insider Activity

In related news, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This trade represents a 0.00 % 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 this hyperlink. In other news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the sale, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.

Kinder Morgan Company Profile

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.