State Street Amends Kinder Morgan Stake, Remains Passive Investor
Ticker: EP-PC · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1506307
| Field | Detail |
|---|---|
| Company | Kinder Morgan, Inc. (EP-PC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: KMI
TL;DR
**State Street still holds Kinder Morgan stock, no big changes, just a routine update.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, indicating its ownership of Kinder Morgan Inc. common stock as of December 31, 2023. This filing updates their previous disclosure, confirming their continued significant, but passive, stake in the natural gas transmission company. This matters to investors as State Street's large, passive holding suggests institutional confidence in Kinder Morgan's long-term stability, without implying any active management changes.
Why It Matters
This filing confirms State Street's continued significant, yet passive, institutional ownership in Kinder Morgan, signaling a stable long-term investment perspective rather than an intent to influence company operations.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate changes to company control or strategy.
Analyst Insight
Investors should view this as a routine update from a large institutional investor, confirming their existing passive stake. It doesn't signal any immediate operational changes or strategic shifts for Kinder Morgan, but rather a continued vote of confidence in its long-term stability.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- KINDER MORGAN, INC. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event which required the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- State Street Corporation will maintain its passive investment in Kinder Morgan Inc. common stock. (State Street Corporation) — high confidence, target: Q4 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, indicating a change or update to a previously filed statement of beneficial ownership.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, a financial institution with a Central Index Key (CIK) of 0000093751.
Who is the subject company whose securities are being reported?
The subject company is KINDER MORGAN, INC., a natural gas transmission company with a Central Index Key (CIK) of 0001506307.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the common stock of Kinder Morgan Inc. is 49456B101.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding KINDER MORGAN, INC. (EP-PC).