California Public Employees Retirement System Has $171.68 Million Position in Kinder Morgan, Inc. $KMI

California Public Employees Retirement System lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 10.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,839,555 shares of the pipeline company’s stock after selling 665,486 shares during the period. California Public Employees Retirement System owned 0.26% of Kinder Morgan worth $171,683,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of KMI. LFA Lugano Financial Advisors SA bought a new position in shares of Kinder Morgan in the second quarter worth $26,000. Cranbrook Wealth Management LLC grew its stake in Kinder Morgan by 116.1% during the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after buying an additional 562 shares in the last quarter. Wolff Wiese Magana LLC bought a new position in Kinder Morgan in the 2nd quarter valued at about $34,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Kinder Morgan in the 2nd quarter valued at approximately $40,000. Finally, Graney & King LLC lifted its holdings in shares of Kinder Morgan by 103.7% during the 1st quarter. Graney & King LLC now owns 1,670 shares of the pipeline company’s stock worth $48,000 after acquiring an additional 850 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Kinder Morgan news, Chairman Richard D. Kinder bought 1,000,000 shares of Kinder Morgan stock in a transaction on Monday, October 27th. The shares were purchased at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the acquisition, the chairman directly owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. The trade was a 0.41% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amy W. Chronis purchased 3,800 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was acquired at an average price of $26.23 per share, with a total value of $99,674.00. Following the completion of the transaction, the director owned 39,051 shares in the company, valued at approximately $1,024,307.73. This trade represents a 10.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 1,004,287 shares of company stock worth $26,072,463 in the last ninety days. Company insiders own 12.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on KMI. BMO Capital Markets initiated 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. Scotiabank reduced their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, September 19th. Morgan Stanley set a $30.00 price target on Kinder Morgan in a report on Thursday, October 9th. Royal Bank Of Canada raised their price objective on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Finally, Stifel Nicolaus lifted their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Tuesday, November 11th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $31.33.

Kinder Morgan Trading Down 0.3%

NYSE KMI opened at $27.75 on Monday. The company has a market cap of $61.74 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. The business’s fifty day moving average is $27.09 and its 200 day moving average is $27.39.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the prior year, the firm earned $0.25 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Monday, November 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

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.