Nicolet Advisory Services LLC Purchases New Position in Kinder Morgan, Inc. (NYSE:KMI)

Nicolet Advisory Services LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) during the third quarter, HoldingsChannel reports. The institutional investor acquired 9,393 shares of the pipeline company’s stock, valued at approximately $219,000.

Other hedge funds have also modified their holdings of the company. Lazard Asset Management LLC grew its position in Kinder Morgan by 9.2% in the first quarter. Lazard Asset Management LLC now owns 26,871 shares of the pipeline company’s stock worth $492,000 after acquiring an additional 2,274 shares in the last quarter. SVB Wealth LLC raised its holdings in Kinder Morgan by 1.5% during the 1st quarter. SVB Wealth LLC now owns 122,046 shares of the pipeline company’s stock valued at $2,238,000 after buying an additional 1,806 shares during the period. Waverly Advisors LLC purchased a new stake in Kinder Morgan during the 1st quarter valued at $1,265,000. B. Riley Wealth Advisors Inc. boosted its stake in Kinder Morgan by 2.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 191,025 shares of the pipeline company’s stock worth $3,503,000 after buying an additional 4,829 shares during the period. Finally, Redwood Investment Management LLC increased its position in Kinder Morgan by 1.1% during the first quarter. Redwood Investment Management LLC now owns 122,362 shares of the pipeline company’s stock valued at $2,244,000 after acquiring an additional 1,368 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director C Park Shaper sold 690,142 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This trade represents a 9.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Down 0.2 %

Shares of NYSE KMI opened at $28.49 on Monday. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $28.81. The business has a fifty day moving average price of $24.56 and a 200 day moving average price of $21.84. The stock has a market capitalization of $63.29 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 4.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the company posted $0.25 earnings per share. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. Equities research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s payout ratio is presently 100.88%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, November 15th. The Goldman Sachs Group reiterated a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Barclays boosted their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a report on Friday, October 18th. Finally, Wells Fargo & Company raised their price objective on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.36.

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.