First Fiduciary Investment Counsel Inc. Purchases 162,837 Shares of Kinder Morgan, Inc. $KMI

First Fiduciary Investment Counsel Inc. purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 162,837 shares of the pipeline company’s stock, valued at approximately $4,910,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. lifted its stake 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 last quarter. State Street Corp increased its position in Kinder Morgan by 4.3% during the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock worth $4,183,704,000 after buying an additional 5,361,578 shares during the last quarter. Bank of America Corp DE raised its holdings in Kinder Morgan by 1.4% during the first quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock valued at $2,079,477,000 after buying an additional 836,571 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Kinder Morgan by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company’s stock valued at $577,998,000 after buying an additional 448,130 shares in the last quarter. Finally, Amundi lifted its position in shares of Kinder Morgan by 5.8% in the first quarter. Amundi now owns 15,130,700 shares of the pipeline company’s stock worth $507,332,000 after buying an additional 831,125 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP Michael Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the transaction, the vice president directly owned 47,313 shares of the company’s stock, 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 SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is owned by company insiders.

Kinder Morgan Trading Down 0.9%

Shares of NYSE:KMI opened at $33.54 on Thursday. The company has a market cap of $74.68 billion, a P/E ratio of 20.70, a P/E/G ratio of 2.36 and a beta of 0.59. The stock’s 50-day moving average is $31.98 and its 200-day moving average is $31.96. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.36 and a current ratio of 0.67.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 21st. The pipeline company reported $0.35 EPS for the quarter, topping 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 business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same period in the previous year, the company posted $0.29 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts predict that Kinder Morgan, Inc. will post 1.59 earnings per share for the current year.

Kinder Morgan Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently issued reports on KMI shares. JPMorgan Chase & Co. upped their price target on Kinder Morgan from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Friday, September 4th. Argus increased their price objective on Kinder Morgan from $36.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. BMO Capital Markets raised their price objective on Kinder Morgan from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, October 22nd. Weiss Ratings upgraded Kinder Morgan from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, October 23rd. Finally, Citigroup upped their target price on Kinder Morgan from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, October 23rd. Twelve equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.85.

Key Headlines 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.

About Kinder Morgan

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.