New York State Common Retirement Fund Has $41.26 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

New York State Common Retirement Fund lessened its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,338,934 shares of the pipeline company's stock after selling 243,452 shares during the period. New York State Common Retirement Fund owned approximately 0.11% of Kinder Morgan worth $41,259,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gotham Asset Management LLC lifted its holdings in shares of Kinder Morgan by 11.3% during the 3rd quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company's stock valued at $8,843,000 after acquiring an additional 54,184 shares in the last quarter. Virginia Wealth Management Group Inc. grew its holdings in shares of Kinder Morgan by 1.6% during the third quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company's stock valued at $3,337,000 after purchasing an additional 3,085 shares during the last quarter. Bahl & Gaynor Inc. lifted its stake in Kinder Morgan by 69.2% in the third quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company's stock valued at $65,577,000 after buying an additional 1,617,250 shares during the last quarter. Teza Capital Management LLC increased its stake in shares of Kinder Morgan by 190.9% in the third quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company's stock valued at $8,742,000 after purchasing an additional 346,000 shares during the period. Finally, Rheos Capital Works Inc. boosted its position in shares of Kinder Morgan by 285.7% during the fourth quarter. Rheos Capital Works Inc. now owns 1,080,000 shares of the pipeline company's stock worth $19,051,000 after buying an additional 800,000 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the transaction, the director now directly owns 345,087 shares in the company, valued at $6,494,537.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.64% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of research analyst reports. Truist Financial reaffirmed a "hold" rating and issued a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com lowered Kinder Morgan from a "buy" rating to a "hold" rating in a report on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $20.20.

Kinder Morgan Stock Down 0.1 %

NYSE:KMI traded down $0.01 during trading hours on Thursday, hitting $18.80. 17,386,258 shares of the stock traded hands, compared to its average volume of 14,306,079. The firm has a market cap of $41.72 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 5.30 and a beta of 0.90. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $18.92. The company has a current ratio of 0.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.95. The firm has a 50 day moving average price of $17.91 and a 200 day moving average price of $17.45.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.34. The company had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The company's revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 6.12%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan's dividend payout ratio is currently 102.73%.

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.