California State Teachers Retirement System Sells 798,950 Shares of Kinder Morgan, Inc. (NYSE:KMI)

California State Teachers Retirement System lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 22.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,684,093 shares of the pipeline company’s stock after selling 798,950 shares during the period. California State Teachers Retirement System owned 0.12% of Kinder Morgan worth $73,544,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of KMI. Hurley Capital LLC bought a new position in Kinder Morgan in the 4th quarter valued at $25,000. Retirement Wealth Solutions LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at about $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan during the 4th quarter worth about $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan during the 4th quarter worth about $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at about $29,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the transaction, the president now directly owns 825,652 shares of the company’s stock, valued at $21,970,599.72. This trade represents a 2.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the transaction, the vice president now owns 220,681 shares of the company’s stock, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,461 shares of company stock valued at $3,506,116. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $27.20 on Wednesday. Kinder Morgan, Inc. has a 12 month low of $18.13 and a 12 month high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $60.44 billion, a PE ratio of 23.25, a PEG ratio of 3.08 and a beta of 0.72. The stock’s fifty day simple moving average is $26.96 and its 200 day simple moving average is $27.08.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.02 billion. On average, research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.30%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.86%.

Wall Street Analysts Forecast Growth

KMI has been the topic of several research analyst reports. UBS Group increased their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Scotiabank lifted their target price on Kinder Morgan from $25.00 to $26.00 and gave the company a “sector perform” rating in a research note on Monday, April 21st. Truist Financial upped their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research note on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.71.

Kinder Morgan Company Profile

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.