Brookstone Capital Management Cuts Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Brookstone Capital Management decreased its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 6.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 459,486 shares of the pipeline company's stock after selling 30,059 shares during the quarter. Brookstone Capital Management's holdings in Kinder Morgan were worth $13,109,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of KMI. Brighton Jones LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at about $308,000. Fisher Asset Management LLC increased its position in shares of Kinder Morgan by 74.5% during the fourth quarter. Fisher Asset Management LLC now owns 22,916 shares of the pipeline company's stock valued at $628,000 after buying an additional 9,780 shares during the period. SRS Capital Advisors Inc. increased its position in shares of Kinder Morgan by 178.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock valued at $30,000 after buying an additional 703 shares during the period. Schechter Investment Advisors LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at about $233,000. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Kinder Morgan by 3.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 203,113 shares of the pipeline company's stock valued at $5,565,000 after buying an additional 7,432 shares during the period. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Performance

KMI stock traded down $0.14 during midday trading on Friday, reaching $28.37. 5,100,555 shares of the company's stock traded hands, compared to its average volume of 13,966,297. Kinder Morgan, Inc. has a 52-week low of $19.68 and a 52-week high of $31.48. The stock has a market cap of $63.03 billion, a P/E ratio of 24.45, a PEG ratio of 3.12 and a beta of 0.75. The company has a current ratio of 0.45, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. The stock's 50-day moving average is $27.80 and its 200 day moving average is $27.54.

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

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.12%. The ex-dividend date was Wednesday, April 30th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Barclays reissued an "overweight" rating and set a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Stifel Nicolaus upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. upped their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Royal Bank Of Canada upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 29th. Finally, Scotiabank upped their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 5th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.29.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the sale, the president owned 771,652 shares in the company, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.73% of the company's stock.

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.