Nicolet Advisory Services LLC Acquires 1,498 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Nicolet Advisory Services LLC lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 15.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,891 shares of the pipeline company’s stock after acquiring an additional 1,498 shares during the period. Nicolet Advisory Services LLC’s holdings in Kinder Morgan were worth $307,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Xponance Inc. increased its holdings in Kinder Morgan by 5.2% in the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company’s stock valued at $8,303,000 after acquiring an additional 15,114 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Kinder Morgan by 3.2% in the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after purchasing an additional 71,984 shares during the last quarter. Golden State Equity Partners lifted its position in shares of Kinder Morgan by 2,507.9% in the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock worth $450,000 after buying an additional 15,800 shares in the last quarter. Royal London Asset Management Ltd. boosted its stake in Kinder Morgan by 2.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company’s stock valued at $62,062,000 after buying an additional 44,474 shares during the last quarter. Finally, Barclays PLC grew its holdings in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after buying an additional 2,334,273 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Down 8.9 %

NYSE KMI opened at $25.27 on Friday. The stock has a market cap of $56.14 billion, a PE ratio of 21.59, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $17.61 and a 12 month high of $31.48. The company’s 50-day moving average price is $27.20 and its 200-day moving average price is $26.58. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Analyst Ratings Changes

A number of research analysts have recently commented on KMI shares. Royal Bank of Canada increased their target price on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Morgan Stanley lifted their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Wells Fargo & Company upped their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial lifted their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research report on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.64.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the sale, the president now directly owns 843,652 shares of the company’s stock, valued at $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the transaction, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,461 shares of company stock worth $3,506,116. 12.81% of the stock is currently owned by company insiders.

About Kinder Morgan

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.