Kinder Morgan, Inc. $KMI Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 7.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,426,598 shares of the pipeline company’s stock after selling 372,450 shares during the quarter. California Public Employees Retirement System’s holdings in Kinder Morgan were worth $148,424,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Board of the Pension Protection Fund acquired a new stake in shares of Kinder Morgan in the 4th quarter worth about $27,000. Commonwealth Retirement Investments LLC bought a new stake in Kinder Morgan in the 4th quarter valued at about $27,000. Frazier Financial Advisors LLC acquired a new position in Kinder Morgan during the 1st quarter valued at about $28,000. Acumen Wealth Advisors LLC bought a new position in Kinder Morgan in the 4th quarter worth about $28,000. Finally, Dorato Capital Management bought a new position in Kinder Morgan in the 4th quarter worth about $30,000. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the sale, the vice president directly owned 41,743 shares in the company, valued at approximately $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total transaction of $199,840.06. Following the completion of the sale, the vice president directly owned 176,540 shares of the company’s stock, valued at $5,721,661.40. The trade was a 3.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,598 shares of company stock valued at $693,689 in the last ninety days. Company insiders own 12.72% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of recent analyst reports. Wolfe Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Scotiabank increased their price objective on Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, March 26th. Jefferies Financial Group lowered their target price on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Citigroup lifted their target price on Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, March 30th. Finally, UBS Group reiterated a “buy” rating and set a $43.00 price target on shares of Kinder Morgan in a research report on Monday, June 15th. Eight analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Kinder Morgan has a consensus rating of “Hold” and an average target price of $34.71.

Kinder Morgan Trading Down 0.8%

Kinder Morgan stock opened at $32.29 on Friday. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41. The stock has a market capitalization of $71.84 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 2.69 and a beta of 0.54. The firm has a 50 day simple moving average of $32.29 and a 200-day simple moving average of $31.66.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.38 by $0.10. The firm had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.49 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. Kinder Morgan’s payout ratio is currently 79.87%.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.