Kinder Morgan (KMI) Raises Quarterly Dividend 10.5% to $0.42; 5% Yield

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Kinder Morgan's (KMI) Buy Rating Reiterated at Goldman Sachs

April 17, 2014 10:10 AM EDT

Goldman Sachs reiterated a Buy rating on Kinder Morgan (NYSE: KMI) with a price target of $44.00. Analyst Theodore Durbin called Q1 "solid."

"Kinder Morgan LP (KMP/KMR) reported 1Q14 adjusted EPU of $0.73 vs. GS/consensus of $0.42/$0.70 and increased its distribution to $1.38 (vs. GS $1.37). We raise KMP 2014E/15E EPU by 19%/4% on the 1Q beat and higher gas pipeline margins. Kinder Morgan... More