New York State Teachers Retirement System Sells 75,780 Shares of Kinder Morgan, Inc. (NYSE:KMI)

New York State Teachers Retirement System lessened its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,448,555 shares of the pipeline company's stock after selling 75,780 shares during the period. New York State Teachers Retirement System owned approximately 0.07% of Kinder Morgan worth $41,327,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC bought a new stake in Kinder Morgan during the fourth quarter valued at $308,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Kinder Morgan by 1.1% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 90,099 shares of the pipeline company's stock valued at $2,469,000 after acquiring an additional 941 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at about $4,176,000. Fisher Asset Management LLC grew its holdings in shares of Kinder Morgan by 74.5% during the fourth quarter. Fisher Asset Management LLC now owns 22,916 shares of the pipeline company's stock worth $628,000 after purchasing an additional 9,780 shares in the last quarter. Finally, Maia Wealth LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth approximately $370,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Trading Down 3.6%

KMI stock traded down $1.06 during trading on Tuesday, hitting $28.34. 18,913,631 shares of the company traded hands, compared to its average volume of 13,966,122. The company has a 50-day moving average of $27.67 and a 200-day moving average of $27.50. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.45. Kinder Morgan, Inc. has a 1 year low of $19.47 and a 1 year high of $31.48. The firm has a market capitalization of $62.97 billion, a PE ratio of 24.43, a P/E/G ratio of 3.18 and a beta of 0.74.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting analysts' consensus estimates of $0.34. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. Analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a $0.2925 dividend. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.13%. Kinder Morgan's payout ratio is presently 100.86%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays reiterated an "overweight" rating and set a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Scotiabank upped their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 5th. Royal Bank Of Canada increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $30.29.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the sale, the president owned 771,652 shares in the company, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 54,000 shares of company stock worth $1,522,440 over the last ninety days. 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.