Kinder Morgan Maintains Strong Dividend Appeal with Growing Project Backlog
Kinder Morgan, Inc. (NYSE:KMI) is one of the 10 best dividend stocks according to Jim Cramer.
UBS has reiterated a Buy rating on the company's stock, with a price target of $38.
Aerial view of an oil and gas pipeline, spanning vast landscapes.
One of the largest energy infrastructures in North America, Kinder Morgan, Inc. (NYSE:KMI) owns and operates 83,000 miles of pipelines and 141 terminals. Based in Texas, the company transports a range of products, including natural gas, gasoline, crude oil, and CO2. Using its terminals, the company also stores and handles commodities like petroleum products, chemicals, and renewable fuels.
In April, Kinder Morgan, Inc. (NYSE:KMI) reported its Q1 2025 results, whereby it stated adding approximately $900 million to its project backlog. 70% of it is focused on serving power demand. Particularly, the company noted a record high demand for natural gas during the quarter, improving its outlook.
Following the company's progress, UBS reiterated a Buy rating on the stock on June 11, 2025. It maintained the rating further on June 16, 2025, with a price target of $38, indicating a strong confidence in the company's performance ahead.
Kinder Morgan, Inc. (NYSE:KMI) offers a dividend yield of 4.23%, attracting income-seeking investors. However, the 99.14% payout ratio indicates that the company may not be retaining any earnings for investment. Paying dividends quarterly, the company has held 8 years of consecutive growth.
While we acknowledge the potential of KMI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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