Kinder Morgan (KMI) Price Target Lowered by Analyst, 'Hold' Rating Maintained

Kinder Morgan, Inc. (NYSE:KMI) is included among the 10 Best Natural Gas Stocks to Buy Right Now.

Kinder Morgan, Inc. (NYSE:KMI) is one of the largest energy infrastructure companies in North America. The company has an interest in or operates approximately 79,000 miles of pipelines and 139 terminals.

On December 23, Jefferies slightly trimmed its price target on Kinder Morgan, Inc. (NYSE:KMI) from $31 to $29, while maintaining its ‘Hold’ rating on the shares. The lowered target still represents an upside of 4% from the current share price. The analyst believes that Kinder Morgan’s new gas projects are the ‘clearest catalyst’ and will provide support to the stock in 2026 and beyond. However, due to their long-cycle nature, the projects may require more time to reach commercialization. As a result, Jefferies does not expect an upside surprise when the company presents its Q4 results later this month.

Kinder Morgan, Inc. (NYSE:KMI) has been investing heavily in expansion and placed $500 million of projects into commercial service in Q3 2025, including the $263 million Altamont Green River Pipeline project. Moreover, the company has several project completions in the pipeline, including the Cumberland and Hiland Express projects, which are expected to come online in the first quarter of 2026. Meanwhile, the GCX expansion is expected to be completed in Q2, and the Plantation North Expansion is projected to be finished by the end of the year. As a result, Kinder Morgan is forecasting its 2026 adjusted profit to be $1.37 per share, up about 8% from its 2025 guidance.

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