Stifel raises Kinder Morgan stock price target to $28

On Tuesday, Stifel analysts adjusted their outlook for Kinder Morgan stock (NYSE: NYSE:KMI) by raising the price target to $28 from the previous $27. The analysts maintained their Hold rating on the stock. Currently trading at $28.65, InvestingPro analysis suggests the stock is trading above its Fair Value, with a market capitalization of $63.66 billion.

The revision comes as the analysts updated their model for Kinder Morgan, incorporating estimates for 2025. The primary adjustments involved natural gas pipelines and carbon dioxide (CO2) operations, though the overall changes were described as minor. InvestingPro data shows the stock has delivered an impressive 53.88% return over the past year, while maintaining relatively low price volatility.

Despite the increase in the price target, Stifel analysts decided to keep their Hold rating on Kinder Morgan stock. This suggests a neutral stance, indicating that the analysts do not currently recommend buying or selling the stock.

Kinder Morgan, a leading energy infrastructure company in North America, operates extensive networks of natural gas pipelines and CO2 transportation systems. The company plays a crucial role in the energy sector, providing essential services for the transportation and storage of energy products.

In other recent news, Kinder Morgan 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) fell slightly short of projections, coming in at $0.34 against the expected $0.35. The company also announced a 2% increase in its dividend year-over-year, reflecting a strategic focus on expanding its project backlog, which grew by $900 million. In analyst updates, Stifel analysts raised their price target for Kinder Morgan stock to $28, while maintaining a Hold rating, citing minor updates to the company’s 2025 estimates. Kinder Morgan continues to focus on natural gas infrastructure, with plans for expansion in Arizona and South Carolina, amidst a backdrop of strong demand drivers in the natural gas industry. The company’s operational performance showed a 3% increase in natural gas transport volumes and a 4% rise in crude and condensate volumes for the quarter. Despite the slight miss on EPS, Kinder Morgan’s strategic initiatives and expansion plans indicate a positive outlook, as noted by company executives.

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