Kinder Morgan remains a buy with upside potential despite recent gains and a compressed dividend yield.

Kinder Morgan's stock has risen 17.3%, nearing analyst Dhierin Bechai's bullish price target of $33.34. The company benefits from a business model largely insulated from commodity price swings, with potential volume and pricing gains driven by higher global energy prices. Analyst forecasts show modest revenue and EBITDA growth, though free cash flow faces pressure from increased capital expenditures. The dividend yield has decreased from 4.2% to 3.5%, but the yield on cost is expected to improve as earnings growth is not fully reflected in the stock price yet.