Nisa Investment Advisors LLC Sells 153,323 Shares of Kinder Morgan Inc (KMI)

Nisa Investment Advisors LLC lowered its holdings in Kinder Morgan Inc (NYSE:KMI) by 29.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 371,201 shares of the pipeline company’s stock after selling 153,323 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kinder Morgan were worth $6,708,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. North Star Asset Management Inc. raised its holdings in shares of Kinder Morgan by 0.6% in the 2nd quarter. North Star Asset Management Inc. now owns 10,029 shares of the pipeline company’s stock valued at $192,000 after purchasing an additional 61 shares in the last quarter. CNH Partners LLC grew its position in shares of Kinder Morgan by 0.4% in the 2nd quarter. CNH Partners LLC now owns 27,467 shares of the pipeline company’s stock worth $526,000 after buying an additional 100 shares during the last quarter. Moors & Cabot Inc. grew its position in shares of Kinder Morgan by 0.6% in the 2nd quarter. Moors & Cabot Inc. now owns 142,874 shares of the pipeline company’s stock worth $2,744,000 after buying an additional 896 shares during the last quarter. Ropes Wealth Advisors LLC grew its position in shares of Kinder Morgan by 3.5% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 28,696 shares of the pipeline company’s stock worth $550,000 after buying an additional 964 shares during the last quarter. Finally, Waters Parkerson & CO. LLC grew its position in shares of Kinder Morgan by 4.3% in the 2nd quarter. Waters Parkerson & CO. LLC now owns 24,317 shares of the pipeline company’s stock worth $466,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 60.78% of the company’s stock.

A number of research analysts have recently issued reports on KMI shares. BMO Capital Markets set a $26.00 price objective on shares of Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 12th. Goldman Sachs Group downgraded shares of Kinder Morgan from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $18.81 to $22.00 in a research report on Tuesday, October 17th. Zacks Investment Research downgraded shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Citigroup cut their price objective on shares of Kinder Morgan from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 17th. Finally, SunTrust Banks set a $23.00 price objective on shares of Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. Kinder Morgan currently has an average rating of “Hold” and an average target price of $22.72.

Shares of Kinder Morgan Inc (NYSE KMI) opened at $19.52 on Tuesday. The firm has a market cap of $43,592.84, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 1.34 and a beta of 0.62. Kinder Morgan Inc has a 12-month low of $16.68 and a 12-month high of $23.01. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.42.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.21 billion. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. Kinder Morgan’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.10) EPS. equities analysts expect that Kinder Morgan Inc will post 0.64 earnings per share for the current year.

In related news, VP Thomas A. Martin bought 3,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were bought at an average price of $17.10 per share, with a total value of $51,300.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 13.99% of the stock is currently owned by insiders.

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About Kinder Morgan

Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.

Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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