Nisa Investment Advisors LLC Boosts Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Posted by Defense World Staff on Jul 28th, 2023

Nisa Investment Advisors LLC grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 5.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 203,764 shares of the pipeline company’s stock after acquiring an additional 10,554 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kinder Morgan were worth $3,568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC increased its position in Kinder Morgan by 102,208.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock valued at $742,555,000 after purchasing an additional 41,030,376 shares during the period. Geode Capital Management LLC grew its position in shares of Kinder Morgan by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 39,578,158 shares of the pipeline company’s stock worth $716,198,000 after buying an additional 750,210 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Kinder Morgan by 1,352.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock worth $665,401,000 after buying an additional 34,269,435 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Kinder Morgan by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,330,674 shares of the pipeline company’s stock worth $514,330,000 after buying an additional 215,632 shares during the period. Finally, Morgan Stanley boosted its stake in Kinder Morgan by 8.9% in the 4th quarter. Morgan Stanley now owns 22,573,449 shares of the pipeline company’s stock worth $408,128,000 after purchasing an additional 1,846,231 shares in the last quarter. Institutional investors own 61.03% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 7,500 shares of Kinder Morgan stock in a transaction on Monday, July 24th. The stock was sold at an average price of $18.00, for a total transaction of $135,000.00. Following the completion of the sale, the vice president now directly owns 12,219 shares in the company, valued at $219,942. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Down 0.8 %

NYSE KMI opened at $17.81 on Friday. The company has a market capitalization of $39.67 billion, a P/E ratio of 16.04, a P/E/G ratio of 5.44 and a beta of 0.95. The stock has a 50 day moving average price of $16.98 and a 200-day moving average price of $17.37. Kinder Morgan, Inc. has a one year low of $16.00 and a one year high of $19.35. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.44 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI – Get Free Report) last issued its quarterly earnings results on Wednesday, July 19th. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a return on equity of 7.79% and a net margin of 14.65%. Kinder Morgan’s revenue was down 32.0% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.1 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a dividend of $0.2825 per share. The ex-dividend date is Friday, July 28th. This represents a $1.13 annualized dividend and a dividend yield of 6.35%. Kinder Morgan’s dividend payout ratio (DPR) is 101.80%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KMI. Royal Bank of Canada reiterated a “sector perform” rating and issued a $20.00 price target on shares of Kinder Morgan in a research note on Thursday, July 20th. Wolfe Research upgraded shares of Kinder Morgan from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, July 12th. StockNews.com began coverage on shares of Kinder Morgan in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Barclays reduced their target price on shares of Kinder Morgan from $20.00 to $19.00 in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of “Hold” and a consensus price target of $19.89.

About Kinder Morgan

(Free Report)

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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.