Milestone Asset Management LLC Has $1.41 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Milestone Asset Management LLC boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 53.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,500 shares of the pipeline company's stock after acquiring an additional 17,275 shares during the period. Milestone Asset Management LLC's holdings in Kinder Morgan were worth $1,412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KMI. Diligent Investors LLC increased its holdings in shares of Kinder Morgan by 1.5% during the 4th quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock worth $715,000 after purchasing an additional 381 shares during the period. Bristlecone Advisors LLC increased its holdings in shares of Kinder Morgan by 2.6% during the 4th quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company's stock worth $433,000 after purchasing an additional 400 shares during the period. LRI Investments LLC increased its holdings in shares of Kinder Morgan by 9.6% during the 4th quarter. LRI Investments LLC now owns 4,946 shares of the pipeline company's stock worth $136,000 after purchasing an additional 435 shares during the period. Apollon Wealth Management LLC increased its holdings in shares of Kinder Morgan by 0.5% during the 4th quarter. Apollon Wealth Management LLC now owns 86,430 shares of the pipeline company's stock worth $2,368,000 after purchasing an additional 438 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of Kinder Morgan by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 165,727 shares of the pipeline company's stock worth $4,541,000 after purchasing an additional 440 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Price Performance

Kinder Morgan stock traded down $0.07 during trading hours on Tuesday, hitting $28.58. 11,723,487 shares of the stock were exchanged, compared to its average volume of 13,998,666. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The stock has a market capitalization of $63.51 billion, a P/E ratio of 24.43, a P/E/G ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a 12 month low of $19.29 and a 12 month high of $31.48. The business's 50-day moving average is $27.19 and its two-hundred day moving average is $27.45.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued 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 17.31% and a return on equity of 8.09%. The firm had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. Equities research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.09%. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's dividend payout ratio is presently 100.86%.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the transaction, the president now directly owns 825,652 shares in the company, valued at approximately $21,970,599.72. This represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 54,000 shares of company stock worth $1,492,740. Corporate insiders own 12.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KMI. JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Stifel Nicolaus upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday. Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price on the stock in a research note on Monday, March 3rd. Finally, Royal Bank of Canada upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Kinder Morgan presently has an average rating of "Moderate Buy" and an average target price of $30.14.

Kinder Morgan Company 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.