TD Cowen Raises Kinder Morgan (KMI) Price Target to $40

On October 22, 2026, TD Cowen maintained its Buy rating on Kinder Morgan, Inc. [NYSE: KMI] while lifting its price target to $40.00 from $38.00. The research note arrived as part of a wider wave of updates from Wall Street research desks covering the energy sector.

KMI Kinder Morgan, Inc.

$33.97 ▲ +26.10% year to date

1M 3M YTD

Daily close · Oct 21, 2026

TD Cowen's Call on Kinder Morgan

In its October 22, 2026 note, TD Cowen kept a Buy rating on the pipeline operator and bumped its target by $2.00 up to $40.00 from the prior $38.00 level. The firm's updated target signals a brighter view on the company's valuation as midstream energy firms navigate shifting market conditions.

Kinder Morgan, Inc. Stock Up 1.7%

The company's shares recently traded around $33.97, up about 0.7% since closing at $33.74 on October 22, 2026. The stock sits comfortably above its 50-day moving average of $31.72 and its 200-day moving average of $31.78, while holding below its 52-week high of $34.81.

Recent Earnings

For its trailing twelve months, Kinder Morgan posted revenue of $17.96 billion alongside basic earnings of $1.55 per share. The firm recorded a net profit margin of 19.3% and a return on equity of 11.0%.

Dividend

Kinder Morgan pays an annual dividend rate of $1.18 per share, which works out to a dividend yield of 3.53%. The payout is backed by a dividend payout ratio of 75.8%.

Insider Buying and Selling at Kinder Morgan, Inc.

Company officers adjusted holdings through recent months. On July 16, 2026, officer Michael P Garthwaite disposed of 1,550 shares at an average price of $32.52 for a total of $50,400.00. Later, on August 17, 2026, Garthwaite sold another 1,550 shares at $32.65 for a total value of $50,612.00. On October 16, 2026, Garthwaite completed two additional sales of 1,550 shares each, fetching average prices of $33.65 and $33.65 respectively, with values near $52,153.00 per transaction, with one of those trades conducted under a planned schedule.

Analysts Set New Price Targets

Wall Street firms adjusted their views on October 22, 2026. Wells Fargo maintained its Overweight rating and raised its target from $36.00 to $39.00. Mizuho kept an Outperform rating and lifted its target from $37.00 to $39.00. Earlier, on September 18, 2026, Jefferies maintained a Hold rating and lowered its target from $35.00 to $33.00, while RBC Capital maintained a Sector Perform rating on September 22, 2026, and nudged its target up to $36.00 from $35.00. Across the broader analyst community, the stock holds a consensus buy recommendation with a mean price target of $36.09 based on 22 analyst opinions.

About Kinder Morgan

Based in Houston, Texas, Kinder Morgan operates as an energy infrastructure business across North America. The enterprise moves and stores vital energy products through segments handling natural gas pipelines, refined products pipelines, terminal facilities, and carbon dioxide operations.

Bottom Line

TD Cowen's upward revision highlights growing confidence from analysts tracking the pipeline operator's growth path. Investors will watch upcoming financial disclosures to gauge whether operational results align with these higher price targets.