New York State Common Retirement Fund Has $22.58 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

New York State Common Retirement Fund lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 791,430 shares of the pipeline company's stock after selling 16,500 shares during the quarter. New York State Common Retirement Fund's holdings in Kinder Morgan were worth $22,579,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Morton Capital Management LLC CA grew its stake in Kinder Morgan by 1.0% during the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock valued at $1,084,000 after purchasing an additional 377 shares in the last quarter. Diligent Investors LLC raised its position in shares of Kinder Morgan by 1.5% during the 4th quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock valued at $715,000 after acquiring an additional 381 shares in the last quarter. Aspiriant LLC raised its position in shares of Kinder Morgan by 1.7% during the 1st quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock valued at $677,000 after acquiring an additional 396 shares in the last quarter. Sowell Financial Services LLC lifted its stake in Kinder Morgan by 0.5% during the first quarter. Sowell Financial Services LLC now owns 79,825 shares of the pipeline company's stock worth $2,277,000 after purchasing an additional 400 shares during the last quarter. Finally, LRI Investments LLC lifted its stake in Kinder Morgan by 9.6% during the fourth quarter. LRI Investments LLC now owns 4,946 shares of the pipeline company's stock worth $136,000 after purchasing an additional 435 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KMI. Barclays restated an "overweight" rating and set a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a research note on Monday, July 7th. Stifel Nicolaus raised their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Wells Fargo & Company boosted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average target price of $30.47.

Kinder Morgan Price Performance

Shares of KMI traded down $0.48 during midday trading on Thursday, reaching $27.44. The stock had a trading volume of 16,633,635 shares, compared to its average volume of 14,174,391. Kinder Morgan, Inc. has a 52 week low of $19.68 and a 52 week high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.45 and a quick ratio of 0.35. The firm's 50 day moving average price is $27.98 and its 200-day moving average price is $27.60. The company has a market capitalization of $60.96 billion, a P/E ratio of 23.65, a P/E/G ratio of 3.01 and a beta of 0.75.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting analysts' consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the business earned $0.26 EPS. The company's quarterly revenue was up 13.2% compared to the same quarter last year. On average, analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the sale, the president directly owned 771,652 shares of the company's stock, valued at $21,806,885.52. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.73% of the company's stock.

About Kinder Morgan

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.