BMO Capital Raises Kinder Morgan (KMI) Price Target to $37

BMO Capital reiterated its Outperform rating on Kinder Morgan, Inc. (NYSE: KMI) on October 22, 2026, while boosting its price target from $36 to $37. The firm released its updated research note during a busy session for the energy infrastructure provider, aligning with positive adjustments from several other Wall Street institutions.

KMI Kinder Morgan, Inc.

$33.97 ▲ +26.10% year to date

1M 3M YTD

Daily close · Oct 21, 2026

BMO Capital's Call on Kinder Morgan

In its research note on October 22, 2026, BMO Capital kept an Outperform rating on the stock and nudged its target upward by one dollar. The firm's target now sits at $37, moving up from its previous $36 level. This outlook joins a wave of target increases from peers like Wells Fargo, TD Cowen, and Mizuho on the exact same date, reflecting a broadly constructive sentiment across the sector.

Kinder Morgan, Inc. Stock Up 1.7%

The shares recently traded around $33.97 as of October 22, 2026, sitting up about 0.4% from its event-day closing price of $33.83. The stock holds steady above both its 50-day moving average of $31.72 and its 200-day moving average of $31.78. Meanwhile, it trades about 2.4% below its 52-week high of $34.81 and well above its 52-week low of $25.60.

Recent Earnings

For the trailing twelve months, the company generated $18.0 billion in revenue alongside a net profit margin of 19.3% and a return on equity of 11.0%. Diluted earnings per share reached $1.55, giving the company a price-to-earnings ratio of 21.7.

Dividend

Kinder Morgan pays an annual dividend of $1.18 per share, translating to a dividend yield of 3.53% based on recent trading levels. The payout ratio sits at 75.8% of earnings.

Insider Buying and Selling at Kinder Morgan, Inc.

Company insiders completed several share dispositions in the months leading up to the October update. Officer Michael P. Garthwaite executed multiple transactions, including a sale of 1,550 shares on July 16 at $32.52 per share, another sale of 1,550 shares on August 17 at $32.65, and a planned sale of 1,550 shares on October 16 at $33.65.

Analysts Set New Price Targets

Wall Street firms updated targets concurrently on October 22, 2026. Wells Fargo maintained an Overweight rating and lifted its target from $36 to $39, TD Cowen maintained a Buy rating while raising its target from $38 to $40, and Mizuho maintained an Outperform rating with a target boost from $37 to $39. RBC Capital had earlier maintained a Sector Perform rating on September 22 with a target of $36. The stock currently carries a consensus Buy recommendation with a mean target price of $36.09 across 22 analyst opinions.

About Kinder Morgan

Kinder Morgan, Inc. operates as a major energy infrastructure company across North America, managing an extensive network of pipelines and terminals. The firm handles vital natural gas, refined products, and carbon dioxide transport, making its operational footprint central to regional energy supply chains.

Bottom Line

BMO Capital's target increase underscores steady confidence in the midstream operator's near-term trajectory. Investors will continue tracking upcoming operational updates and broader energy market dynamics to gauge whether the stock can bridge the gap toward consensus targets.