California State Teachers Retirement System Sells 78,718 Shares of Kinder Morgan, Inc. $KMI

California State Teachers Retirement System trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,313,453 shares of the pipeline company’s stock after selling 78,718 shares during the period. California State Teachers Retirement System’s holdings in Kinder Morgan were worth $77,570,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth $308,000. Schnieders Capital Management LLC. grew its position in Kinder Morgan by 11.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock worth $2,042,000 after purchasing an additional 7,081 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Kinder Morgan by 2.1% during the second quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company’s stock valued at $7,964,000 after buying an additional 5,586 shares during the last quarter. Nebula Research & Development LLC purchased a new stake in Kinder Morgan during the 2nd quarter valued at about $1,168,000. Finally, Sei Investments Co. boosted its position in Kinder Morgan by 20.4% in the second quarter. Sei Investments Co. now owns 861,465 shares of the pipeline company’s stock valued at $25,328,000 after buying an additional 145,806 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the completion of the sale, the vice president owned 164,208 shares of the company’s stock, valued at approximately $5,238,235.20. This represents a 3.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the sale, the vice president owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. The trade was a 3.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,598 shares of company stock valued at $693,689 over the last quarter. Company insiders own 12.72% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the subject of several recent research reports. Zacks Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings downgraded Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. UBS Group restated a “buy” rating and issued a $43.00 price objective on shares of Kinder Morgan in a research report on Monday, June 15th. Citigroup reaffirmed a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday. Finally, Jefferies Financial Group restated a “hold” rating on shares of Kinder Morgan in a research report on Thursday, July 23rd. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $35.50.

Kinder Morgan Trading Up 0.9%

KMI stock opened at $31.88 on Thursday. The business’s 50-day moving average is $32.13 and its 200 day moving average is $31.96. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81. The stock has a market cap of $70.99 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.55 and a beta of 0.54. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.91.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the previous year, the company posted $0.28 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.54 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be issued a $0.2975 dividend. The ex-dividend date is Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a yield of 3.7%. Kinder Morgan’s dividend payout ratio (DPR) is presently 76.28%.

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.