Lyell Wealth Management LP Boosts Stake in Kinder Morgan, Inc. $KMI

Lyell Wealth Management LP grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 36.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 12,519 shares of the pipeline company’s stock after buying an additional 3,319 shares during the period. Lyell Wealth Management LP’s holdings in Kinder Morgan were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in KMI. Nuveen LLC purchased a new position in shares of Kinder Morgan in the first quarter worth $205,966,000. 59 North Capital Management LP purchased a new position in shares of Kinder Morgan in the first quarter worth $195,658,000. Goldman Sachs Group Inc. raised its holdings in shares of Kinder Morgan by 37.5% in the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after buying an additional 5,529,065 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Kinder Morgan by 55.5% in the second quarter. Assenagon Asset Management S.A. now owns 8,505,330 shares of the pipeline company’s stock worth $250,057,000 after buying an additional 3,037,095 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new position in shares of Kinder Morgan in the second quarter worth $68,124,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In related news, EVP Dax Sanders sold 30,127 shares of the firm’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the sale, the executive vice president owned 292,000 shares in the company, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy W. Chronis bought 2,759 shares of the company’s stock in a transaction dated Monday, July 28th. The stock was bought at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the transaction, the director owned 34,764 shares of the company’s stock, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 134,174 shares of company stock valued at $3,727,678 in the last quarter. 12.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. TD Cowen assumed coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating and a $34.00 price objective on the stock. BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective on the stock. Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a research note on Thursday, October 9th. Barclays reiterated an “overweight” rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $31.13.

Kinder Morgan Stock Up 0.6%

KMI stock opened at $27.55 on Tuesday. The firm has a market cap of $61.21 billion, a PE ratio of 22.58, a P/E/G ratio of 3.22 and a beta of 0.78. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The firm’s fifty day moving average is $27.27 and its 200 day moving average is $27.41. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $31.48.

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.