STIFEL ANALYSTS RAISE KINDER MORGAN STOCK PRICE TARGET TO $28

On Monday, Stifel analysts increased the price target for Kinder Morgan stock to $28 from the previous $27, while maintaining a Hold rating. This adjustment is based on updated 2025 estimates, particularly in the areas of natural gas pipelines and CO2, with overall changes described as minor. The stock currently offers a 4.17% dividend yield and has maintained dividend payments for 15 consecutive years, according to InvestingPro data.

The analysts noted that Kinder Morgan currently trades at a 12.0x EV/EBITDA using their fiscal year 2025 EBITDA estimate of $8.3 billion. This valuation aligns with their updated price target of $28. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading above its Fair Value, with a current P/E ratio of 24.65x.

Year to date, Kinder Morgan shares have risen by 5%, outperforming the AMZ Index, which has seen a 1% increase over the same period.

The decision to maintain a Hold rating reflects the analysts’ view of the company’s current trading value and market conditions.

In other recent news, Kinder Morgan Inc (NYSE:KMI). reported its financial results for the first quarter of 2025, with revenue surpassing expectations at $4.24 billion, compared to the forecasted $4.08 billion. However, earnings per share (EPS) slightly missed projections, coming in at $0.34 against an expected $0.35. The company also announced a 2% year-over-year increase in its dividend to $0.295 per share. Kinder Morgan’s project backlog expanded by $900 million, focusing on meeting power demand, and the company closed a $640 million acquisition of the Bakken gathering and processing system, which complements its existing assets. The natural gas transport volumes increased by 3%, while crude and condensate volumes rose by 4%. The company expects continued strong demand for natural gas, with projected increases in gathering volumes and refined product volumes in 2025. Analysts from firms such as Wells Fargo (NYSE:WFC) and JPMorgan inquired about pipeline expansions and infrastructure developments, highlighting ongoing interest in the company’s growth opportunities.

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