Milestone Asset Management LLC Boosts Holdings in Kinder Morgan, Inc. (NYSE:KMI)

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

Several other hedge funds have also bought and sold shares of KMI. Centricity Wealth Management LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at about $25,000. Hurley Capital LLC bought a new position in Kinder Morgan in the 4th quarter valued at about $25,000. Fourth Dimension Wealth LLC bought a new position in Kinder Morgan in the 4th quarter valued at about $26,000. Morse Asset Management Inc bought a new position in Kinder Morgan in the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan during the fourth quarter worth approximately $29,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total transaction of $496,260.00. Following the sale, the president now directly owns 789,652 shares in the company, valued at approximately $21,770,705.64. The trade was a 2.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Up 1.1%

Shares of NYSE:KMI traded up $0.32 during midday trading on Thursday, hitting $28.35. 4,737,229 shares of the company's stock were exchanged, compared to its average volume of 13,954,572. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The stock has a 50 day moving average price of $27.19 and a 200-day moving average price of $27.46. The company has a market cap of $63.00 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a 12 month low of $19.47 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a $0.2925 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.13%. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Royal Bank of Canada raised their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday. Scotiabank raised their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a report on Thursday. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. increased 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 given a buy rating to the stock. Based on data from MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and an average price target of $30.21.

About Kinder Morgan

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.