GYL Financial Synergies LLC Makes New Investment in Kinder Morgan Inc (NYSE:KMI)

GYL Financial Synergies LLC bought a new position in Kinder Morgan Inc (NYSE:KMI) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 36,818 shares of the pipeline company’s stock, valued at approximately $737,000.

A number of other institutional investors have also recently modified their holdings of the stock. Northeast Financial Consultants Inc raised its position in Kinder Morgan by 60.5% in the 1st quarter. Northeast Financial Consultants Inc now owns 34,072 shares of the pipeline company’s stock worth $682,000 after purchasing an additional 12,838 shares during the period. Meiji Yasuda Life Insurance Co purchased a new position in shares of Kinder Morgan during the first quarter worth approximately $594,000. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Kinder Morgan by 131.0% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 60,795 shares of the pipeline company’s stock worth $1,217,000 after acquiring an additional 34,482 shares during the period. Jackson Hole Capital Partners LLC increased its position in shares of Kinder Morgan by 9.8% during the first quarter. Jackson Hole Capital Partners LLC now owns 94,491 shares of the pipeline company’s stock worth $1,891,000 after acquiring an additional 8,415 shares during the period. Finally, Wealthfront Advisers LLC increased its position in shares of Kinder Morgan by 18.7% during the first quarter. Wealthfront Advisers LLC now owns 113,980 shares of the pipeline company’s stock worth $2,281,000 after acquiring an additional 17,952 shares during the period. 62.59% of the stock is owned by institutional investors.

A number of equities analysts have recently issued reports on KMI shares. Zacks Investment Research reiterated a “buy” rating and set a $23.00 price objective on shares of Kinder Morgan in a research note on Saturday, June 29th. Goldman Sachs Group downgraded shares of Kinder Morgan from a “conviction-buy” rating to a “buy” rating and set a $23.00 target price for the company. in a research note on Thursday, March 28th. Stifel Nicolaus downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $22.00 target price for the company. in a research note on Monday, June 17th. Johnson Rice initiated coverage on shares of Kinder Morgan in a research note on Thursday, May 30th. They set a “hold” rating and a $21.00 price objective for the company. Finally, Jefferies Financial Group downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $19.00 to $20.00 in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. Kinder Morgan currently has an average rating of “Hold” and a consensus target price of $21.73.

In other news, Chairman Richard D. Kinder bought 29,622 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were bought at an average cost of $19.90 per share, for a total transaction of $589,477.80. Following the acquisition, the chairman now directly owns 239,601,954 shares of the company’s stock, valued at approximately $4,768,078,884.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard D. Kinder bought 175,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was purchased at an average price of $19.75 per share, for a total transaction of $3,456,250.00. Following the completion of the acquisition, the chairman now directly owns 239,069,693 shares in the company, valued at $4,721,626,436.75. The disclosure for this purchase can be found here. Insiders acquired a total of 2,132,364 shares of company stock worth $41,857,069 over the last quarter. 13.95% of the stock is currently owned by company insiders.

Shares of KMI stock traded up $0.03 on Friday, reaching $21.11. 5,317,384 shares of the company were exchanged, compared to its average volume of 12,347,890. The company has a market cap of $47.79 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 3.05 and a beta of 0.85. Kinder Morgan Inc has a 1 year low of $14.62 and a 1 year high of $21.50. The firm has a 50-day moving average of $20.58. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.37 and a current ratio of 0.45.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.63 billion. Kinder Morgan had a net margin of 11.59% and a return on equity of 6.13%. Kinder Morgan’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 earnings per share. Analysts anticipate that Kinder Morgan Inc will post 0.99 EPS for the current year.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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