California State Teachers Retirement System Buys 106,218,591 Shares of Kinder Morgan, Inc. $KMI

California State Teachers Retirement System raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4,591.3% in the second quarter, Holdings Channel reports. The fund owned 108,532,044 shares of the pipeline company’s stock after acquiring an additional 106,218,591 shares during the period. California State Teachers Retirement System’s holdings in Kinder Morgan were worth $3,394,809,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Partners Group Holding AG raised its position in Kinder Morgan by 45.0% in the 4th quarter. Partners Group Holding AG now owns 291,741 shares of the pipeline company’s stock valued at $8,020,000 after purchasing an additional 90,593 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of Kinder Morgan by 152.2% in the fourth quarter. GSA Capital Partners LLP now owns 54,683 shares of the pipeline company’s stock valued at $1,503,000 after buying an additional 32,998 shares in the last quarter. OP Asset Management Ltd acquired a new position in Kinder Morgan during the 1st quarter worth about $6,412,000. USS Investment Management Ltd grew its holdings in Kinder Morgan by 10.3% during the 1st quarter. USS Investment Management Ltd now owns 421,306 shares of the pipeline company’s stock worth $14,116,000 after acquiring an additional 39,418 shares during the last quarter. Finally, Cerity Partners LLC increased its position in Kinder Morgan by 8.8% in the 4th quarter. Cerity Partners LLC now owns 1,056,258 shares of the pipeline company’s stock valued at $29,037,000 after acquiring an additional 85,625 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, VP Michael Garthwaite sold 1,550 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John 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 value of $196,695.40. Following the completion of the sale, the vice president directly owned 164,208 shares of the company’s stock, valued at approximately $5,238,235.20. This trade represents a 3.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is currently owned by company insiders.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $30.99 on Friday. The firm has a fifty day moving average of $31.91 and a two-hundred day moving average of $32.34. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. The stock has a market capitalization of $69.01 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 2.22 and a beta of 0.56. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the company earned $0.28 EPS. The firm’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. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.2975 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a yield of 3.8%. Kinder Morgan’s dividend payout ratio (DPR) is 76.28%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KMI. Morgan Stanley set a $38.00 target price on shares of Kinder Morgan in a research report on Wednesday, July 29th. Stifel Nicolaus assumed coverage on Kinder Morgan in a research report on Wednesday. They issued a “hold” rating and a $35.00 price objective on the stock. Jefferies Financial Group reissued a “hold” rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Zacks Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $35.67.

About Kinder Morgan

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities across North America. Its assets transport and store natural gas, crude oil, refined petroleum products, renewable fuels, and carbon dioxide.

The company’s natural gas business supports gathering, processing, transportation, and storage, while its products pipeline network serves refineries, airports, utilities, and other industrial customers. Kinder Morgan also operates bulk and liquids terminals that handle energy products and other commodities, along with carbon dioxide infrastructure used in enhanced oil recovery and related applications.

Founded in 1997, Kinder Morgan has expanded through acquisitions and the development of energy infrastructure in the United States and Canada.