UPDATE: Morgan Keegan Raises Price Target on Kinder Morgan to $38

According to Morgan Keegan, Kinder Morgan KMI price target is raised to $38. Morgan Keegan said that Kinder Morgan, Inc. (KMI) announced its Q4 results and declared a $0.31/shr dividend, $0.01/shr below our $0.32/shr forecast. “Adding $1.38 in expected dividends over the next 12 months, we estimate total return as 14-29% supportive of an Outperform rating.” Kinder Morgan closed yesterday at $32.83.