Nisa Investment Advisors LLC Has $7.32 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Nisa Investment Advisors LLC decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 256,553 shares of the pipeline company's stock after selling 12,418 shares during the period. Nisa Investment Advisors LLC's holdings in Kinder Morgan were worth $7,319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Kinder Morgan by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company's stock worth $5,557,983,000 after purchasing an additional 1,469,759 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Kinder Morgan by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock valued at $1,414,813,000 after purchasing an additional 1,252,609 shares during the last quarter. Norges Bank bought a new position in Kinder Morgan during the 4th quarter valued at about $917,523,000. Northern Trust Corp lifted its holdings in Kinder Morgan by 8.3% during the 4th quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock valued at $573,834,000 after purchasing an additional 1,608,499 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in Kinder Morgan by 16.8% during the 4th quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company's stock valued at $403,101,000 after purchasing an additional 2,116,576 shares during the last quarter. Institutional investors own 62.52% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on KMI. JPMorgan Chase & Co. boosted their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. TD Cowen initiated coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 price target for the company. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Barclays restated an "overweight" rating and set a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Finally, Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a report on Monday, July 7th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $30.40.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the transaction, the president directly owned 771,652 shares in the company, valued at $21,806,885.52. This trade represents a 2.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Trading Down 1.1%

Shares of Kinder Morgan stock traded down $0.33 on Tuesday, hitting $28.00. The stock had a trading volume of 16,435,315 shares, compared to its average volume of 13,955,410. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a one year low of $19.68 and a one year high of $31.48. The stock has a market cap of $62.21 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 3.00 and a beta of 0.75. The stock's 50-day simple moving average is $27.96 and its two-hundred day simple moving average is $27.59.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting analysts' consensus estimates of $0.34. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. The firm had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a $0.2925 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.18%. Kinder Morgan's payout ratio is currently 100.86%.

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.