31,025 Kinder Morgan, Inc. $KMI Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 10.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 252,702 shares of the pipeline company’s stock after selling 31,025 shares during the period. Nisa Investment Advisors LLC’s holdings in Kinder Morgan were worth $7,619,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KMI. Evolution Wealth Management Inc. boosted its holdings in Kinder Morgan by 4,166.7% during the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after buying an additional 750 shares in the last quarter. Transamerica Financial Advisors LLC grew its position in Kinder Morgan by 72.9% during the second quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock valued at $25,000 after buying an additional 328 shares during the period. Frazier Financial Advisors LLC purchased a new position in Kinder Morgan in the first quarter valued at $28,000. Bell Investment Advisors Inc increased its holdings in Kinder Morgan by 112.1% in the second quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company’s stock valued at $30,000 after buying an additional 500 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC acquired a new position in shares of Kinder Morgan in the second quarter worth about $32,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Argus raised their target price on Kinder Morgan from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. upped their price target on Kinder Morgan from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, September 4th. Wells Fargo & Company increased their price target on Kinder Morgan from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday. Stifel Nicolaus began coverage on Kinder Morgan in a report on Wednesday, September 9th. They issued a “hold” rating and a $35.00 price objective on the stock. Finally, TD Cowen raised their price objective on Kinder Morgan from $38.00 to $40.00 and gave the company a “buy” rating in a report on Thursday. Twelve investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.55.

Kinder Morgan Trading Down 0.9%

KMI opened at $33.68 on Friday. The firm has a market capitalization of $74.99 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 2.39 and a beta of 0.59. The company’s 50 day simple moving average is $31.85 and its two-hundred day simple moving average is $32.04. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Kinder Morgan had a return on equity of 10.85% and a net margin of 19.64%. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same period last year, the company earned $0.29 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts expect that Kinder Morgan, Inc. will post 1.56 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be paid a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 2nd. Kinder Morgan’s payout ratio is 76.28%.

Insider Activity at Kinder Morgan

In related news, VP Michael Garthwaite sold 1,550 shares of the business’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the sale, the vice president owned 47,313 shares in the company, valued at approximately $1,592,082.45. The trade was a 3.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 12.72% of the company’s stock.

Key Stories Impacting Kinder Morgan

Here are the key news stories impacting Kinder Morgan this week:

• Positive Sentiment: Q3 earnings beat expectations: Kinder Morgan reported adjusted EPS of $0.35 versus the $0.33 consensus estimate, while revenue rose 9.3% year over year to $4.53 billion, above the $4.37 billion forecast. Strength in natural-gas volumes and record EBITDA supported the results. KMI Q3 Earnings Beat Estimates on Natural Gas Pipeline Strength
• Positive Sentiment: Record backlog improves the growth outlook: The company added $5.4 billion to its expansion backlog, bringing the total to a record $14.4 billion. Rising demand from data centers, power generation and LNG exports is driving new natural-gas infrastructure opportunities. Kinder Morgan also reached final investment decisions on two projects requiring approximately $4.7 billion of investment. Kinder Morgan to invest $4.7 billion in two gas pipeline projects as demand surges
• Positive Sentiment: Analyst sentiment improved: Freedom Broker upgraded KMI from “hold” to “buy” and raised its price target to $39 from $34. Mizuho also increased its target to $39 and maintained an “outperform” rating, while other analysts reportedly lifted targets into the $37-$40 range. Kinder Morgan Analysts Boost Their Forecasts Following Upbeat Q3 Earnings
• Positive Sentiment: Dividend supports income appeal: Kinder Morgan declared a quarterly dividend of $0.2975 per share, or $1.19 annualized, representing a yield of approximately 3.6% based on the supplied stock price.
• Neutral Sentiment: Mixed guidance signal: Although the company affirmed its full-year outlook, its expected 2026 adjusted EPS of $1.36 is below the FactSet estimate of $1.54, creating a valuation and execution concern despite the stronger backlog.
• Neutral Sentiment: Insider transaction: A vice president sold $52,157.50 of stock under a pre-arranged Rule 10b5-1 plan. The relatively small, scheduled sale is unlikely to materially change the investment case.

Kinder Morgan Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.