First Fiduciary Investment Counsel Inc. Makes New $4.91 Million Investment in Kinder Morgan, Inc. $KMI

Key Points

• First Fiduciary Investment Counsel acquired 162,837 Kinder Morgan shares worth approximately $4.91 million, while institutional investors collectively own 62.52% of the company.
• Kinder Morgan reported third-quarter EPS of $0.35, exceeding estimates, with revenue up 9.3% year over year to $4.53 billion. Management also cited a record $14.4 billion project backlog supporting future growth.
• Analyst sentiment is moderately positive, with a consensus “Moderate Buy” rating and $36.85 price target, but investors remain mindful of the company’s debt, capital-spending needs and approximately 3.5% dividend yield.

First Fiduciary Investment Counsel Inc. purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 162,837 shares of the pipeline company's stock, valued at approximately $4,910,000.

Several other large investors have also recently bought and sold shares of KMI. Ontario Teachers Pension Plan Board acquired a new stake in Kinder Morgan during the 2nd quarter worth about $239,397,000. State Street Corp grew its stake in Kinder Morgan by 4.3% during the 2nd quarter. State Street Corp now owns 130,863,419 shares of the pipeline company's stock valued at $4,183,704,000 after acquiring an additional 5,361,578 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Kinder Morgan by 220.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,915,696 shares of the pipeline company's stock valued at $125,185,000 after acquiring an additional 2,695,654 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Kinder Morgan by 253.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,994,968 shares of the pipeline company's stock valued at $100,421,000 after acquiring an additional 2,146,573 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Kinder Morgan by 1.1% in the 2nd quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company's stock valued at $5,621,421,000 after purchasing an additional 1,875,143 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Kinder Morgan

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

• Positive Sentiment: Kinder Morgan reported third-quarter EPS of $0.35, ahead of the $0.33 consensus, while revenue increased 9.3% year over year to $4.53 billion. EPS rose 21% year over year, reinforcing the company’s operating momentum.
• Positive Sentiment: Management highlighted a record $14.4 billion project backlog, providing visibility into future pipeline growth and potentially supporting long-term cash flow. KMI Q3 Earnings Call Highlights Record Pipeline Backlog Growth
• Positive Sentiment: Several analysts raised their valuation targets, including Morgan Stanley to $40 from $38, US Capital Advisors to $39 from $38 and Scotiabank to $34 from $32. The higher targets suggest some analysts see additional upside after the earnings report.
• Positive Sentiment: US Capital Advisors increased its FY2026 EPS forecast to $1.57 from $1.53 and lifted its third-quarter 2027 estimate to $0.34 from $0.33, modestly improving the near-term earnings outlook.
• Neutral Sentiment: Natural gas remains inexpensive and plentiful, but converting that supply into electricity for artificial-intelligence data centers depends on turbines, pipelines and grid approvals. This could create long-term infrastructure opportunities for KMI, though execution and regulatory hurdles remain.
• Neutral Sentiment: Analyst opinion remains mixed: Morgan Stanley maintains an Equal Weight rating, Stifel retains Hold, and other coverage points to generally optimistic but not unanimous sentiment. Is Kinder Morgan a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: Management’s roughly $400 million of favorable 2026 earnings contributions raise questions about how much growth will carry into 2027. US Capital Advisors also reduced its FY2028 EPS estimate to $1.41 from $1.49.
• Negative Sentiment: Dividend-focused coverage flags KMI’s approximately 3.4% yield, debt burden and capital-spending requirements as potential drawbacks relative to ONEOK, which offers a higher yield. These concerns could weigh on income-oriented investors.

Insider Activity

In other news, VP Michael Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the completion of the sale, the vice president directly owned 47,313 shares in the company, valued at $1,592,082.45. The trade was a 3.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Argus increased their price target on shares of Kinder Morgan from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Tuesday, July 28th. BMO Capital Markets raised their price target on shares of Kinder Morgan from $36.00 to $37.00 and gave the stock an "outperform" rating in a report on Thursday, October 22nd. Weiss Ratings raised shares of Kinder Morgan from a "buy (b)" rating to a "buy (b+)" rating in a research report on Friday, October 23rd. Capital One Financial began coverage on shares of Kinder Morgan in a research report on Tuesday, September 22nd. They set an "equal weight" rating and a $36.00 price objective on the stock. Finally, Jefferies Financial Group upped their price objective on shares of Kinder Morgan from $33.00 to $37.00 and gave the company a "hold" rating in a research note on Thursday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $36.85.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $33.54 on Thursday. The firm has a market cap of $74.68 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of 2.36 and a beta of 0.59. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The company has a current ratio of 0.67, a quick ratio of 0.36 and a debt-to-equity ratio of 0.95. The business has a fifty day simple moving average of $31.98 and a 200 day simple moving average of $31.96.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, October 21st. The pipeline company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. Kinder Morgan had a return on equity of 10.84% and a net margin of 19.64%. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. The business's quarterly revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.59 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.2975 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.5%. Kinder Morgan's dividend payout ratio (DPR) is 73.46%.

Kinder Morgan Profile

Kinder Morgan, Inc NYSE: KMI is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company's natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.

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