Milestone Asset Management LLC Purchases New Position in Kinder Morgan, Inc. (NYSE:KMI)

Milestone Asset Management LLC acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 32,225 shares of the pipeline company's stock, valued at approximately $883,000.

A number of other institutional investors have also recently modified their holdings of the stock. CX Institutional lifted its holdings in Kinder Morgan by 2.3% during the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company's stock valued at $429,000 after purchasing an additional 354 shares in the last quarter. Sunflower Bank N.A. lifted its stake in shares of Kinder Morgan by 3.6% during the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company's stock valued at $288,000 after buying an additional 367 shares in the last quarter. Ignite Planners LLC boosted its holdings in Kinder Morgan by 3.9% in the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company's stock worth $282,000 after buying an additional 372 shares during the period. Eagle Bay Advisors LLC increased its stake in Kinder Morgan by 8.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company's stock worth $142,000 after buying an additional 385 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of Kinder Morgan by 0.5% in the third quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company's stock valued at $2,000,000 after acquiring an additional 414 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Trading Up 2.8 %

Shares of KMI stock traded up $0.76 during trading hours on Thursday, reaching $28.06. 9,989,718 shares of the stock were exchanged, compared to its average volume of 16,342,987. The firm has a market capitalization of $62.34 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $31.48. The company's 50-day moving average price is $28.00 and its 200-day moving average price is $24.62. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.10%. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.27 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan's dividend payout ratio is presently 98.29%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the sale, the president now owns 879,652 shares of the company's stock, valued at approximately $24,049,685.68. This trade represents a 2.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy W. Chronis purchased 2,241 shares of Kinder Morgan stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now owns 23,995 shares of the company's stock, valued at approximately $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 55,121 shares of company stock worth $1,497,000 in the last 90 days. 12.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KMI. Barclays increased their target price on Kinder Morgan from $27.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Morgan Stanley lifted their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. UBS Group upped their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday. Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a report on Tuesday, October 22nd. Finally, Truist Financial increased their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.14.

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.