Nisa Investment Advisors LLC Has $9.05 Million Holdings in Kinder Morgan, Inc. $KMI

Nisa Investment Advisors LLC grew its position in Kinder Morgan, Inc. (NYSE:KMI) by 6.8% in the fourth quarter, Holdings Channel reports. The fund owned 329,354 shares of the pipeline company’s stock after acquiring an additional 21,034 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kinder Morgan were worth $9,054,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of KMI. Vanguard Group Inc. raised its position in Kinder Morgan by 0.4% in the third quarter. Vanguard Group Inc. now owns 208,116,318 shares of the pipeline company’s stock valued at $5,891,773,000 after purchasing an additional 896,837 shares during the last quarter. Orbis Allan Gray Ltd boosted its stake in shares of Kinder Morgan by 3.1% during the second quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock valued at $665,474,000 after purchasing an additional 670,856 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Kinder Morgan by 1.0% during the third quarter. Invesco Ltd. now owns 22,165,368 shares of the pipeline company’s stock worth $627,502,000 after purchasing an additional 216,039 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kinder Morgan by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 16,551,759 shares of the pipeline company’s stock valued at $468,588,000 after buying an additional 205,820 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Kinder Morgan by 1.4% in the third quarter. Legal & General Group Plc now owns 15,878,898 shares of the pipeline company’s stock valued at $449,532,000 after buying an additional 213,741 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analysts Set New Price Targets

KMI has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Royal Bank Of Canada upped their price target on shares of Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research report on Monday. Truist Financial initiated coverage on shares of Kinder Morgan in a research note on Tuesday, March 24th. They set a “hold” rating and a $38.00 price target for the company. UBS Group reiterated a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a report on Friday, December 12th. Finally, Barclays reissued an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Kinder Morgan has an average rating of “Hold” and a consensus price target of $34.33.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director William A. Smith acquired 3,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were bought at an average cost of $29.75 per share, with a total value of $89,250.00. Following the purchase, the director directly owned 31,087 shares of the company’s stock, valued at $924,838.25. This trade represents a 10.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $33.67, for a total value of $207,609.22. Following the sale, the vice president owned 188,872 shares in the company, valued at approximately $6,359,320.24. The trade was a 3.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 48,048 shares of company stock worth $1,469,863. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Down 1.9%

Shares of NYSE KMI opened at $32.91 on Thursday. The company’s 50 day moving average price is $32.28 and its 200-day moving average price is $28.97. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $34.73. The company has a market capitalization of $73.21 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 3.07 and a beta of 0.64.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same period in the prior year, the company posted $0.30 earnings per share. Kinder Morgan’s revenue for the quarter was up 13.1% compared to the same quarter last year. Equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

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

About Kinder Morgan

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.