Nichols & Pratt Advisers LLP MA Has $51.45 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Nichols & Pratt Advisers LLP MA cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,803,086 shares of the pipeline company's stock after selling 28,243 shares during the quarter. Kinder Morgan accounts for about 3.5% of Nichols & Pratt Advisers LLP MA's portfolio, making the stock its 10th largest position. Nichols & Pratt Advisers LLP MA owned about 0.08% of Kinder Morgan worth $51,449,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in KMI. Vanguard Group Inc. grew its holdings in Kinder Morgan by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company's stock worth $5,557,983,000 after acquiring an additional 1,469,759 shares during the last quarter. Geode Capital Management LLC grew its holdings in Kinder Morgan by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock worth $1,414,813,000 after acquiring an additional 1,252,609 shares during the last quarter. Norges Bank bought a new stake in Kinder Morgan during the 4th quarter worth approximately $917,523,000. Northern Trust Corp grew its holdings in Kinder Morgan by 8.3% during the 4th quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock worth $573,834,000 after acquiring an additional 1,608,499 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Kinder Morgan by 16.8% in the 4th quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company's stock worth $403,101,000 after purchasing an additional 2,116,576 shares during the period. 62.52% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total transaction of $508,680.00. Following the transaction, the president owned 771,652 shares in the company, valued at approximately $21,806,885.52. This represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 12.73% of the company's stock.

Kinder Morgan Stock Down 0.5%

Shares of Kinder Morgan stock traded down $0.14 during trading on Friday, reaching $28.37. 5,100,555 shares of the company traded hands, compared to its average volume of 13,966,297. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.45 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 1-year low of $19.68 and a 1-year high of $31.48. The company has a 50 day moving average price of $27.80 and a 200-day moving average price of $27.54. The firm has a market capitalization of $63.03 billion, a PE ratio of 24.45, a P/E/G ratio of 3.12 and a beta of 0.75.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. This represents a $1.17 annualized dividend and a yield of 4.12%. Kinder Morgan's dividend payout ratio is presently 100.86%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Barclays restated an "overweight" rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Scotiabank boosted their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 5th. Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $30.29.

Kinder Morgan 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.