Kinder Morgan, Inc. $KMI Position Increased by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA grew its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,829,160 shares of the pipeline company’s stock after buying an additional 17,742 shares during the quarter. Kinder Morgan accounts for approximately 3.3% of Nichols & Pratt Advisers LLP MA’s holdings, making the stock its 10th biggest holding. Nichols & Pratt Advisers LLP MA owned 0.08% of Kinder Morgan worth $51,784,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC acquired a new position in Kinder Morgan during the fourth quarter worth about $308,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Kinder Morgan by 8.6% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 264,264 shares of the pipeline company’s stock worth $7,769,000 after purchasing an additional 20,981 shares during the last quarter. Clarius Group LLC lifted its stake in Kinder Morgan by 76.8% in the 2nd quarter. Clarius Group LLC now owns 15,605 shares of the pipeline company’s stock valued at $459,000 after buying an additional 6,778 shares in the last quarter. Grimes & Company Inc. grew its holdings in Kinder Morgan by 3.9% during the 2nd quarter. Grimes & Company Inc. now owns 13,274 shares of the pipeline company’s stock valued at $390,000 after buying an additional 503 shares during the last quarter. Finally, Woodmont Investment Counsel LLC purchased a new position in Kinder Morgan during the second quarter worth $241,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $29.61 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.64. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $30.57. The stock’s 50 day moving average price is $27.63 and its 200 day moving average price is $27.30. The firm has a market capitalization of $65.87 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.47 and a beta of 0.70.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 earnings per share. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be issued a $0.2925 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 4.0%. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Analyst Upgrades and Downgrades

KMI has been the subject of several analyst reports. Mizuho cut their target price on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Morgan Stanley reissued a “buy” rating on shares of Kinder Morgan in a research note on Friday. UBS Group reaffirmed a “buy” rating and set a $38.00 price objective on shares of Kinder Morgan in a research note on Friday, December 12th. Scotiabank upped their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and an average price target of $32.38.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $27.49, for a total transaction of $169,503.34. Following the transaction, the vice president directly owned 201,204 shares in the company, valued at $5,531,097.96. This represents a 2.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David Patrick Michels sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at $4,182,840. The trade was a 12.54% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 38,498 shares of company stock valued at $1,107,462. 12.73% of the stock is owned by insiders.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.