Nicolet Advisory Services LLC Grows Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Nicolet Advisory Services LLC lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 15.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,891 shares of the pipeline company’s stock after buying an additional 1,498 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Kinder Morgan were worth $307,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KMI. HighTower Advisors LLC lifted its holdings in shares of Kinder Morgan by 1.1% during the 3rd quarter. HighTower Advisors LLC now owns 1,308,481 shares of the pipeline company’s stock valued at $28,887,000 after purchasing an additional 14,461 shares during the last quarter. Janus Henderson Group PLC increased its position in Kinder Morgan by 102.0% during the 3rd quarter. Janus Henderson Group PLC now owns 494,385 shares of the pipeline company’s stock valued at $10,923,000 after buying an additional 249,640 shares in the last quarter. Investment Management Corp of Ontario raised its stake in Kinder Morgan by 49.0% in the third quarter. Investment Management Corp of Ontario now owns 66,258 shares of the pipeline company’s stock valued at $1,464,000 after buying an additional 21,800 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Kinder Morgan by 5.5% in the third quarter. Integrated Wealth Concepts LLC now owns 66,939 shares of the pipeline company’s stock worth $1,479,000 after acquiring an additional 3,471 shares in the last quarter. Finally, IHT Wealth Management LLC grew its stake in shares of Kinder Morgan by 35.9% during the third quarter. IHT Wealth Management LLC now owns 51,572 shares of the pipeline company’s stock worth $1,154,000 after acquiring an additional 13,615 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, VP John W. Schlosser sold 75,461 shares of the business’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 completion of the sale, the vice president now owns 220,681 shares of the company’s stock, valued at $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the transaction, the president now directly owns 807,652 shares in the company, valued at $23,219,995. This represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,506,116 over the last three months. 12.81% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Performance

KMI opened at $25.27 on Friday. The firm has a fifty day moving average price of $27.20 and a 200 day moving average price of $26.58. Kinder Morgan, Inc. has a 1 year low of $17.61 and a 1 year high of $31.48. The stock has a market cap of $56.14 billion, a P/E ratio of 21.59, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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 anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s payout ratio is currently 98.29%.

Analysts Set New Price Targets

KMI has been the subject of a number of recent analyst reports. Truist Financial lifted their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Morgan Stanley boosted their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Citigroup raised their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada raised their price objective on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.64.

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.