The firm said it began coverage on the North American energy infrastructure company based on its belief that Kinder Morgan is a large scale market leader.
Shares of Kinder Morgan are down by 0.30% to $39.23 in late morning trading on Tuesday.
"Kinder offers a differentiated advantage to customers with its high connectivity in several production areas with connections to end market demand. The company is positioned well for further growth with a substantial backlog of organic projects backed by customer commitments," SunTrust said in an analyst note.
"Additionally, the firm's fee-based model mitigates downside risk, particularly attractive in the current environment," the analyst note continued.
Based in Houston TX., Kinder Morgan is the fourth largest energy company in North America. The company's pipelines transport natural gas, gasoline, crude oil, CO2 and other products.
Separately, TheStreet Ratings team rates KINDER MORGAN INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate KINDER MORGAN INC (KMI) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share."