Kinder Morgan, Inc. (KMI) Position Raised by Nichols & Pratt Advisers LLP MA
Nichols & Pratt Advisers LLP MA boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 57.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 607,549 shares of the pipeline company’s stock after purchasing an additional 221,835 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Kinder Morgan were worth $11,649,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its holdings in Kinder Morgan by 47.1% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 356,546 shares of the pipeline company’s stock valued at $6,832,000 after purchasing an additional 114,124 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Kinder Morgan by 31.1% during the 2nd quarter. Principal Financial Group Inc. now owns 5,071,934 shares of the pipeline company’s stock valued at $97,179,000 after acquiring an additional 1,201,722 shares during the last quarter. CI Investments Inc. boosted its stake in Kinder Morgan by 32.6% during the 3rd quarter. CI Investments Inc. now owns 4,555,724 shares of the pipeline company’s stock valued at $87,379,000 after acquiring an additional 1,119,021 shares during the last quarter. Ballentine Partners LLC bought a new position in Kinder Morgan during the 2nd quarter valued at $1,078,000. Finally, Norinchukin Bank The boosted its stake in Kinder Morgan by 4.0% during the 2nd quarter. Norinchukin Bank The now owns 232,006 shares of the pipeline company’s stock valued at $4,445,000 after acquiring an additional 8,908 shares during the last quarter. 59.79% of the stock is owned by institutional investors and hedge funds.
Shares of Kinder Morgan, Inc. (NYSE KMI) traded up $0.07 during trading hours on Monday, reaching $17.08. 4,050,375 shares of the company traded hands, compared to its average volume of 11,379,571. The company has a market cap of $37,990.00, a P/E ratio of 26.17, a PEG ratio of 1.32 and a beta of 0.65. Kinder Morgan, Inc. has a 12-month low of $16.70 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 issued its quarterly earnings data on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The firm 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 quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.10) EPS. sell-side analysts anticipate that Kinder Morgan, Inc. will post 0.64 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.50 annualized dividend and a yield of 2.93%. Kinder Morgan’s dividend payout ratio is presently 89.29%.
KMI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Mizuho initiated coverage on shares of Kinder Morgan in a research note on Thursday, July 27th. They set a “neutral” rating and a $22.00 price objective on the stock. BMO Capital Markets reiterated a “buy” rating and set a $26.00 price objective on shares of Kinder Morgan in a research note on Friday, July 28th. BidaskClub downgraded shares of Kinder Morgan from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Finally, Stifel Nicolaus set a $25.00 price objective on shares of Kinder Morgan and gave the company a “buy” rating in a research note on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $22.97.
Kinder Morgan Company Profile
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.
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