Lyell Wealth Management LP Purchases Shares of 9,200 Kinder Morgan, Inc. (NYSE:KMI)

Lyell Wealth Management LP purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,200 shares of the pipeline company’s stock, valued at approximately $203,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan in the third quarter worth about $28,000. Pathway Financial Advisers LLC purchased a new stake in shares of Kinder Morgan in the first quarter worth about $30,000. HWG Holdings LP purchased a new stake in shares of Kinder Morgan in the second quarter worth about $30,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan in the first quarter worth about $31,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Kinder Morgan in the second quarter worth about $31,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.2 %

NYSE:KMI opened at $24.95 on Friday. The firm has a market capitalization of $55.43 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 3.06 and a beta of 0.93. The stock has a 50 day moving average of $22.50 and a 200-day moving average of $20.70. Kinder Morgan, Inc. has a 52 week low of $15.91 and a 52 week high of $25.43. The company has a current ratio of 0.46, a quick ratio of 0.28 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the company earned $0.25 earnings per share. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. Analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

Analyst Ratings Changes

KMI has been the subject of several analyst reports. Scotiabank upped their target price on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 17th. UBS Group boosted their price target on Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Bank of America assumed coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target on the stock. Royal Bank of Canada boosted their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research note on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.91.

Insider Buying and Selling

In related news, Director C Park Shaper sold 690,142 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Dax Sanders sold 1,729 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 817,040 shares of company stock valued at $19,747,879 in the last three months. 12.64% of the stock is currently owned by corporate insiders.

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.