Wells Fargo Raises Kinder Morgan (KMI) Price Target to $39

Wells Fargo maintained its Overweight rating on Kinder Morgan, Inc. (NYSE: KMI) on October 22, 2026, while lifting its price target from $36.00 to $39.00. The research note arrived alongside similar updates from several peer firms tracking the pipeline operator.

KMI Kinder Morgan, Inc.

$33.97 ▲ +26.10% year to date

1M 3M YTD

Daily close · Oct 21, 2026

Wells Fargo's Call on Kinder Morgan

In its research note published on October 22, 2026, Wells Fargo kept an Overweight rating on the energy provider and raised its target to $39.00 from the prior target of $36.00.

Kinder Morgan, Inc. Stock Up 1.7%

Shares recently traded around $33.97 as of October 22, 2026, putting them up about 0.7% from an event-day close of $33.74. The recent price sits roughly 2.4% below the 52-week high of $34.81 and about 32.7% above the 52-week low of $25.60. The stock also trades above its 50-day moving average of $31.72 and its 200-day moving average of $31.78. With the mean analyst target resting at $36.09 across 22 opinions, the new $39.00 target gives the stock room to run compared to where shares currently change hands.

Recent Earnings

Kinder Morgan reported trailing-twelve-month revenue of $17.96 billion and trailing earnings of $1.55 per share. The company generated a net profit margin of 19.3% and a return on equity of 11.0%.

Dividend

The company pays an annual dividend of $1.18 per share, which translates to a dividend yield of 3.53% based on a payout ratio of 75.8%.

Insider Buying and Selling at Kinder Morgan, Inc.

Insiders completed transactions in recent months, including officer Michael P. Garthwaite selling 1,550 shares on July 16, 2026, at $32.52 per share for a total value of $50,400.00, and another 1,550 shares on August 17, 2026, at $32.65 per share for $50,612.00. Garthwaite also sold 1,550 shares on October 16, 2026, at $33.65 per share valued at $52,152.85 under a planned arrangement, alongside another open-market sale of 1,550 shares on the same day at $33.65 per share worth $52,153.00.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock around the same time, with Jefferies maintaining a Hold rating and lowering its target from $35.00 to $33.00 on September 18, 2026, and RBC Capital keeping a Sector Perform rating while moving its target from $35.00 to $36.00 on September 22, 2026. On October 22, 2026, TD Cowen maintained its Buy rating with a target raised to $40.00 from $38.00, and Mizuho kept an Outperform rating with a target lifted to $39.00 from $37.00. The wider analyst community holds a consensus buy recommendation for the stock.

About Kinder Morgan

Kinder Morgan operates as a major energy infrastructure business in North America. The firm manages a vast network of pipelines and terminals that transport natural gas, refined petroleum products, crude oil, and carbon dioxide.

Bottom Line

Investors will keep an eye on how shares track toward these updated price targets as the energy sector moves through the final quarter of the year. The rating update reflects ongoing confidence from Wall Fargo in the company's asset footprint.