California Public Employees Retirement System Sells 165,345 Shares of Kinder Morgan, Inc. (NYSE:KMI)

California Public Employees Retirement System trimmed its position in Kinder Morgan, Inc. (NYSE:KMI) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,607,729 shares of the pipeline company’s stock after selling 165,345 shares during the quarter. California Public Employees Retirement System owned about 0.30% of Kinder Morgan worth $181,052,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. L & S Advisors Inc bought a new stake in Kinder Morgan during the fourth quarter valued at about $3,890,000. Strategy Asset Managers LLC bought a new stake in Kinder Morgan during the 4th quarter valued at approximately $7,821,000. Hobbs Group Advisors LLC grew its holdings in Kinder Morgan by 5.1% in the 4th quarter. Hobbs Group Advisors LLC now owns 34,949 shares of the pipeline company’s stock valued at $958,000 after buying an additional 1,692 shares during the last quarter. Allstate Corp bought a new position in Kinder Morgan in the 4th quarter worth approximately $1,644,000. Finally, RiverFront Investment Group LLC lifted its holdings in shares of Kinder Morgan by 79.6% during the fourth quarter. RiverFront Investment Group LLC now owns 56,122 shares of the pipeline company’s stock worth $1,538,000 after buying an additional 24,870 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of research reports. Mizuho boosted their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Morgan Stanley increased their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Scotiabank started coverage on Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Wells Fargo & Company raised their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Citigroup upped their target price on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.64.

Kinder Morgan Stock Up 0.6 %

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

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

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.05%. Kinder Morgan’s dividend payout ratio is 98.29%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the sale, the president now directly owns 843,652 shares in the company, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,461 shares of company stock worth $3,490,996. 12.64% of the stock is currently owned by insiders.

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.