California Public Employees Retirement System Has $181.05 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

California Public Employees Retirement System reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.4% during the 4th quarter, Holdings Channel reports. The firm owned 6,607,729 shares of the pipeline company’s stock after selling 165,345 shares during the period. California Public Employees Retirement System’s holdings in Kinder Morgan were worth $181,052,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth about $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan during the fourth quarter valued at approximately $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan in the fourth quarter valued at approximately $27,000. Heck Capital Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter worth $29,000. Finally, SRS Capital Advisors Inc. boosted its position in shares of Kinder Morgan by 178.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 703 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on KMI. Citigroup upped their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada increased their price target on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. lifted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Scotiabank started coverage on Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price for the company. Finally, Morgan Stanley lifted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Seven investment 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.64.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction that occurred 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the sale, the president now directly owns 843,652 shares of the company’s stock, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,490,996 in the last ninety days. Insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

NYSE:KMI opened at $28.39 on Monday. Kinder Morgan, Inc. has a 52-week low of $17.61 and a 52-week high of $31.48. The company has a market cap of $63.07 billion, a P/E ratio of 24.26, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The stock’s 50-day simple moving average is $27.48 and its 200 day simple moving average is $26.42.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Kinder Morgan 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.