Mizuho Raises Kinder Morgan (KMI) Price Target to $39

On October 22, 2026, Mizuho reaffirmed its Outperform rating on Kinder Morgan, Inc. (NYSE:KMI) while lifting its price target on the energy infrastructure company. The research note was issued alongside updates from several other Wall Street institutions covering the stock. Kinder Morgan closed at $33.74 on October 22, 2026, and recently traded around $33.97.

KMI Kinder Morgan, Inc.

$33.97 ▲ +26.10% year to date

1M 3M YTD

Daily close · Oct 21, 2026

Mizuho's Call on Kinder Morgan

Mizuho maintained its Outperform rating on Kinder Morgan on October 22, 2026, while raising its price target to $39 from $31 — correcting upward from a prior target of $37 as part of its regular sector review. The firm's forward-looking stance reflects confidence in the company's midstream operations without relying on historical performance metrics.

Kinder Morgan, Inc. Stock Up 1.7%

Kinder Morgan shares recently changed hands at $33.97 as of October 22, 2026, sitting roughly 0.7% above their event-day close of $33.74. The stock trades above its 50-day moving average of $31.72 and its 200-day moving average of $31.78. It remains below its 52-week high of $34.81 and well above its 52-week low of $25.60.

Recent Earnings

Kinder Morgan posted trailing-twelve-month revenue of $18.0 billion and earnings of $1.55 per share. The company maintains a net profit margin of 19.3% and a return on equity of 11.0%, backed by year-over-year revenue growth of 10.8%.

Dividend

The company pays an annual dividend rate of $1.18 per share, giving it a dividend yield of 3.53%. Its payout ratio stands at 75.8%.

Insider Buying and Selling at Kinder Morgan, Inc.

Insider transaction records show multiple sales by corporate officers. On July 16, 2026, officer Michael P. Garthwaite sold 1,550 shares at $32.52 for a total value of $50,400. Later, on August 17, 2026, Garthwaite sold another 1,550 shares at $32.65 for $50,612. On October 16, 2026, Garthwaite completed two additional sales of 1,550 shares each. One transaction occurred at $33.65 for $52,153 under a planned Rule 10b5-1 schedule, while the other non-planned sale of 1,550 shares executed at $33.65, totaling $52,153.

Analysts Set New Price Targets

Wall Street firms adjusted their views on the energy operator around the same date. On September 18, 2026, Jefferies maintained a Hold rating and lowered its price target from $35 to $33. RBC Capital maintained a Sector Perform rating on September 22, 2026, lifting its target from $35 to $36. On October 22, 2026, Wells Fargo maintained an Overweight rating and raised its target from $36 to $39, while TD Cowen maintained a Buy rating and raised its target from $38 to $40. Across the broader analyst community, the stock carries a consensus buy rating with a mean price target of $36.09.

About Kinder Morgan

Kinder Morgan, Inc. operates as a major energy infrastructure business in North America, handling energy products through a vast network of pipelines and terminals. Headquartered in Houston, Texas, the company manages natural gas pipelines, products pipelines, terminals, and CO2 segments that transport essential energy commodities.

Bottom Line

Mizuho's updated target highlights steady institutional interest in Kinder Morgan's midstream network. Investors should monitor upcoming earnings reports and further insider disclosures to gauge valuation trends.