Teacher Retirement System of Texas Sells 463,880 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Teacher Retirement System of Texas reduced its stake in Kinder Morgan by 51.1%, selling 463,880 shares in Q4 and finishing the period with 444,054 shares valued at about $12.21 million.
• Kinder Morgan beat Q1 estimates—revenue rose ~13.8% YoY to $4.83 billion and non‑GAAP EPS was $0.48—while announcing strategic growth actions (Monument acquisition, a ~$10.1B project backlog) and raising its quarterly dividend to $0.2975 (annualized yield ~3.8%).
• Company insiders sold roughly 29,598 shares over the past three months and analyst sentiment is mixed, with a consensus rating of Hold and an average price target near $34.20, which could lead to choppy trading despite the operational beat.

Teacher Retirement System of Texas lowered its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 51.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 444,054 shares of the pipeline company's stock after selling 463,880 shares during the quarter. Teacher Retirement System of Texas' holdings in Kinder Morgan were worth $12,207,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of KMI. Brighton Jones LLC bought a new position in Kinder Morgan in the fourth quarter valued at approximately $308,000. Schnieders Capital Management LLC. lifted its stake in Kinder Morgan by 11.4% in the second quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company's stock valued at $2,042,000 after buying an additional 7,081 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Kinder Morgan by 2.1% in the second quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company's stock valued at $7,964,000 after buying an additional 5,586 shares in the last quarter. Nebula Research & Development LLC bought a new position in Kinder Morgan in the second quarter valued at approximately $1,168,000. Finally, Sei Investments Co. lifted its stake in Kinder Morgan by 20.4% in the second quarter. Sei Investments Co. now owns 861,465 shares of the pipeline company's stock valued at $25,328,000 after buying an additional 145,806 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

More Kinder Morgan News

Here are the key news stories impacting Kinder Morgan this week:

• Positive Sentiment: KMI beat Q1 estimates: revenue rose ~13.8% YoY to $4.83B and non‑GAAP EPS of $0.48 topped consensus, driven by natural gas pipeline volumes and strong segment performance — a clear near‑term catalyst. KMI Q1 Deep Dive: Natural Gas Demand and Expansion Projects Drive Outperformance
• Positive Sentiment: KMI raised its quarterly dividend to $0.2975 (annualized yield ~3.8%) — signals cash‑flow confidence and supports income investors. This Pipeline Company Just Raised Its Dividend. AI Power Demand Is Fueling Growth.
• Positive Sentiment: Strategic growth: KMI announced it will acquire the Monument natural gas system and reported a sizable ~$$10.1B backlog for expansion projects — both support longer‑term EBITDA visibility. KMI to acquire Monument natural gas system as first-quarter income jumps 36%
• Positive Sentiment: Geopolitical and weather drivers boosted demand in Q1 (wartime-related gas demand and colder weather helped volumes), contributing to the beat. These are near‑term tailwinds for cash flow. The War With Iran is Fueling Substantially Higher Earnings for This High-Yielding Energy Stock
• Positive Sentiment: Analyst bullish views and investor pieces argue a re‑rating to higher targets (Seeking Alpha/MarketBeat pieces making the bull case), reinforcing upside narratives for longer‑term holders. Kinder Morgan: The Case To $40 Is Here (Rating Upgrade)
• Neutral Sentiment: Sector context: peers (Baker Hughes, Enterprise Products) reporting results or previews may shift relative valuation and sentiment in the group, indirectly affecting KMI. Baker Hughes Q1 Earnings Beat Estimates on IET Segment Strength
• Neutral Sentiment: Some reports note product/fuel volumes were weaker even as gas pipelines surged — mixed operational signals that could moderate enthusiasm until trends stabilize. Kinder Morgan (KMI) Reports Q1 Earnings: What Key Metrics Have to Say
• Negative Sentiment: Analyst downgrades/cuts: Jefferies trimmed its price target to $34 and moved to a "hold," and Wolfe Research cut KMI to Hold — these reduce near‑term analyst-driven upside. Benzinga - Jefferies price target cut
• Negative Sentiment: Conflicting analyst sentiment across outlets (some bullish, some cautious) can produce choppy trading as investors weigh strong results against conservative guidance/targets. Analysts Have Conflicting Sentiments on These Energy Companies: Kinder Morgan (KMI) and NexGen Energy (NXE)

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the business's stock in a transaction on Monday, April 6th. The shares were sold at an average price of $32.93, for a total value of $203,046.38. Following the sale, the vice president owned 182,706 shares of the company's stock, valued at $6,016,508.58. The trade was a 3.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Anthony B. Ashley sold 8,000 shares of the business's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total transaction of $255,600.00. Following the completion of the sale, the vice president directly owned 100,146 shares in the company, valued at approximately $3,199,664.70. This represents a 7.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 29,598 shares of company stock worth $952,572. Company insiders own 12.72% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wolfe Research lowered shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Royal Bank Of Canada lifted their price target on shares of Kinder Morgan from $32.00 to $35.00 and gave the company a "sector perform" rating in a research note on Monday, March 30th. Morgan Stanley lifted their price target on shares of Kinder Morgan from $34.00 to $36.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 3rd. Jefferies Financial Group cut their price target on shares of Kinder Morgan from $36.00 to $34.00 and set a "hold" rating on the stock in a research note on Thursday. Finally, Freedom Capital raised shares of Kinder Morgan from a "strong sell" rating to a "hold" rating in a research note on Wednesday, January 28th. Seven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $34.20.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $31.72 on Friday. The company's fifty day simple moving average is $32.91 and its 200-day simple moving average is $29.49. The company has a quick ratio of 0.50, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. The firm has a market cap of $70.58 billion, a PE ratio of 21.29, a P/E/G ratio of 2.85 and a beta of 0.64. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.73.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.10. The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities research analysts expect that Kinder Morgan, Inc. will post 1.42 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be given a $0.2975 dividend. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, May 4th. Kinder Morgan's payout ratio is presently 85.40%.

Kinder Morgan Profile

Kinder Morgan NYSE: KMI is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company's assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan's operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.

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