Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 782.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 118,000 shares of the pipeline company's stock after acquiring an additional 104,627 shares during the quarter. Teacher Retirement System of Texas' holdings in Kinder Morgan were worth $3,233,000 as of its most recent filing with the SEC.

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Other institutional investors and hedge funds have also made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new stake in Kinder Morgan during the fourth quarter worth about $25,000. Centricity Wealth Management LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $27,000. Heck Capital Advisors LLC purchased a new position in Kinder Morgan in the 4th quarter valued at approximately $29,000. Finally, SRS Capital Advisors Inc. boosted its position in Kinder Morgan by 178.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock worth $30,000 after purchasing an additional 703 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares of the company's stock, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,461 shares of company stock valued at $3,490,996. Corporate insiders own 12.64% of the company's stock.

Analysts Set New Price Targets

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A number of research analysts have recently weighed in on KMI shares. UBS Group raised their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Morgan Stanley upped their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Scotiabank initiated coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a "sector perform" rating and a $26.00 price target on the stock. Mizuho lifted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Finally, Citigroup increased their target price on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $29.64.

Check Out Our Latest Report on Kinder Morgan

Kinder Morgan Stock Performance

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Shares of KMI stock opened at $28.80 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The firm has a market capitalization of $63.99 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a one year low of $17.61 and a one year high of $31.48. The company has a 50 day moving average price of $27.57 and a 200 day moving average price of $26.26.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.99%. Kinder Morgan's dividend payout ratio is currently 98.29%.

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.

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