Miller Howard Investments Inc. NY Has $36.83 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Miller Howard Investments Inc. NY reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,290,732 shares of the pipeline company's stock after selling 73,001 shares during the quarter. Miller Howard Investments Inc. NY owned 0.06% of Kinder Morgan worth $36,825,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of KMI. Brighton Jones LLC acquired a new stake in Kinder Morgan during the 4th quarter worth about $308,000. Proficio Capital Partners LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth approximately $4,176,000. Fisher Asset Management LLC boosted its holdings 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 worth $628,000 after purchasing an additional 9,780 shares during the period. Smartleaf Asset Management LLC grew its position in Kinder Morgan by 72.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 23,184 shares of the pipeline company's stock valued at $634,000 after purchasing an additional 9,703 shares in the last quarter. Finally, Norden Group LLC increased its stake in Kinder Morgan by 52.8% in the 4th quarter. Norden Group LLC now owns 25,267 shares of the pipeline company's stock valued at $692,000 after buying an additional 8,728 shares during the period. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the sale, the president owned 771,652 shares in the company, valued at $21,806,885.52. This represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 12.73% of the company's stock.

Wall Street Analyst Weigh In

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

Kinder Morgan Stock Performance

Kinder Morgan stock traded down $0.17 during trading hours on Thursday, reaching $28.34. 4,019,705 shares of the company were exchanged, compared to its average volume of 14,200,010. Kinder Morgan, Inc. has a 12 month low of $19.68 and a 12 month high of $31.48. 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 has a 50-day moving average of $27.74 and a 200 day moving average of $27.51. The firm has a market cap of $62.96 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 3.11 and a beta of 0.75.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The business 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 16.67% and a return on equity of 8.11%. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

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

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.