Nisa Investment Advisors LLC Reduces Stake in Kinder Morgan, Inc. $KMI

Nisa Investment Advisors LLC lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 253,666 shares of the pipeline company’s stock after selling 2,887 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kinder Morgan were worth $7,458,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westwood Holdings Group Inc. raised its stake in shares of Kinder Morgan by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock valued at $183,793,000 after acquiring an additional 794,388 shares during the period. Burney Co. raised its stake in shares of Kinder Morgan by 133.5% in the first quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock valued at $12,612,000 after acquiring an additional 252,736 shares during the period. Aberdeen Group plc raised its stake in shares of Kinder Morgan by 35.2% in the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock valued at $66,581,000 after acquiring an additional 609,748 shares during the period. Nordea Investment Management AB raised its stake in shares of Kinder Morgan by 9.9% in the second quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock valued at $4,270,000 after acquiring an additional 13,150 shares during the period. Finally, Eagle Global Advisors LLC raised its stake in shares of Kinder Morgan by 15.6% in the first quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company’s stock valued at $29,000,000 after acquiring an additional 137,030 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the transaction, the vice president directly owned 219,702 shares in the company, valued at $6,189,005.34. This represents a 2.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Patrick Michels sold 40,000 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the transaction, the chief financial officer owned 159,428 shares in the company, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,174 shares of company stock valued at $3,727,678 in the last 90 days. Insiders own 12.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus increased their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Jefferies Financial Group started coverage on shares of Kinder Morgan in a research note on Thursday, October 9th. They issued a “hold” rating and a $30.00 price target on the stock. Finally, Cowen started coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating on the stock. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.13.

Kinder Morgan Stock Up 1.2%

Shares of Kinder Morgan stock opened at $26.16 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.53. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48. The firm’s 50-day moving average is $27.28 and its two-hundred day moving average is $27.45. The stock has a market cap of $58.13 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 2.99 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the prior year, the business earned $0.25 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.5%. The ex-dividend date is Monday, November 3rd. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Kinder Morgan 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.