California State Teachers Retirement System Has $3.39 Billion Stock Position in Kinder Morgan, Inc. $KMI

Key Points

• CalSTRS dramatically increased its Kinder Morgan position by 4,591.3% in the second quarter, holding 108.5 million shares worth approximately $3.39 billion, or 4.87% of the company. Institutional investors collectively own 62.52% of KMI.
• Kinder Morgan exceeded quarterly expectations, reporting $0.37 in EPS and $4.48 billion in revenue, with revenue up 10.8% year over year. The company also maintained a quarterly dividend of $0.2975, equal to a 3.8% annualized yield.
• Analysts have a generally neutral view, with eight Buy and ten Hold ratings and an average price target of $35.67 versus the stock’s recent price near $30.99.

California State Teachers Retirement System boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4,591.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 108,532,044 shares of the pipeline company's stock after purchasing an additional 106,218,591 shares during the period. California State Teachers Retirement System owned 4.87% of Kinder Morgan worth $3,394,809,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of KMI. Norges Bank acquired a new stake in Kinder Morgan during the 4th quarter worth about $1,132,125,000. Ontario Teachers Pension Plan Board purchased a new position in shares of Kinder Morgan during the 2nd quarter valued at $239,397,000. AQR Capital Management LLC increased its stake in shares of Kinder Morgan by 431.9% in the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company's stock worth $185,971,000 after acquiring an additional 5,333,986 shares during the last quarter. Merewether Investment Management LP purchased a new stake in shares of Kinder Morgan during the second quarter worth $138,477,000. Finally, Zimmer Partners LP boosted its position in Kinder Morgan by 177.8% during the third quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company's stock valued at $171,845,000 after purchasing an additional 3,885,000 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Trading Down 1.3%

Kinder Morgan stock opened at $30.99 on Friday. The business has a 50 day moving average price of $31.91 and a two-hundred day moving average price of $32.34. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. 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 $69.01 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 2.22 and a beta of 0.56.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. The business had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.Kinder Morgan's quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were issued a $0.2975 dividend. This represents a $1.19 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan's payout ratio is 76.28%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings lowered shares of Kinder Morgan from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Tuesday, June 23rd. Jefferies Financial Group reiterated a "hold" rating on shares of Kinder Morgan in a report on Thursday, July 23rd. Wells Fargo & Company upped their price target on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Stifel Nicolaus started coverage on Kinder Morgan in a research note on Wednesday. They issued a "hold" rating and a $35.00 price objective on the stock. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $35.67.

Insiders Place Their Bets

In related news, VP Michael P. Garthwaite sold 1,550 shares of the company's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the sale, the vice president owned 41,743 shares of the company's stock, valued at $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 directly owned 164,208 shares in the company, valued at approximately $5,238,235.20. The trade was a 3.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 12.72% of the company's stock.

Kinder Morgan Profile

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.

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