Kinder Morgan, Inc. $KMI Shares Sold by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA lessened its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,805,970 shares of the pipeline company’s stock after selling 23,092 shares during the quarter. Kinder Morgan accounts for 3.9% of Nichols & Pratt Advisers LLP MA’s portfolio, making the stock its 8th largest position. Nichols & Pratt Advisers LLP MA owned approximately 0.08% of Kinder Morgan worth $60,554,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Board of the Pension Protection Fund acquired a new stake in shares of Kinder Morgan during the fourth quarter worth about $27,000. Commonwealth Retirement Investments LLC acquired a new position in Kinder Morgan in the 4th quarter worth approximately $27,000. Acumen Wealth Advisors LLC purchased a new position in Kinder Morgan during the 4th quarter worth approximately $28,000. Dorato Capital Management purchased a new position in Kinder Morgan during the 4th quarter worth approximately $30,000. Finally, Basepoint Wealth LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at approximately $30,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Truist Financial started coverage on shares of Kinder Morgan in a research report on Tuesday, March 24th. They set a “hold” rating and a $38.00 target price for the company. Scotiabank upped their price target on shares of Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Thursday, March 26th. Zacks Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Citigroup lifted their price objective on Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, March 30th. Eight research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $34.71.

Insiders Place Their Bets

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the transaction, the vice president directly owned 41,743 shares in the company, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the transaction, the vice president directly owned 164,208 shares in the company, valued at approximately $5,238,235.20. The trade was a 3.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 23,148 shares of company stock worth $742,855 in the last three months. 12.72% of the stock is owned by corporate insiders.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $32.44 on Thursday. The firm has a market cap of $72.18 billion, a PE ratio of 21.77, a P/E/G ratio of 2.70 and a beta of 0.54. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. The business has a 50-day moving average price of $32.22 and a 200 day moving average price of $31.43.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter in the prior year, the business posted $0.34 earnings per share. Kinder Morgan’s revenue for the quarter was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a dividend of $0.2975 per share. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. Kinder Morgan’s payout ratio is 79.87%.

Kinder Morgan 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.