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Here's Why You Should Hold on to Kinder Morgan (KMI) Stock
Zacks Investment Research· 2024-04-02 16:21
Kinder Morgan, Inc. (KMI) has seen upward earnings estimate revisions for 2024 and 2025 in the past 30 days.The Zacks Consensus Estimate for KMI’ 2024 and 2025 earnings per share (EPS) is pegged at $1.17 and $1.21, respectively.What’s Favoring the Stock?Stable Dividend Growth: KMI’s recent dividend increase to 28.25 cents per share in fourth-quarter 2023, representing 2% year-over-year growth, underscores its commitment to returning value to shareholders. This consistent dividend policy, combined with a for ...
High-Yielding Kinder Morgan: Buy, Sell, or Hold?
The Motley Fool· 2024-03-30 07:28
If you are considering investing in the midstream sector, Kinder Morgan (KMI 1.05%) will probably be one of the standouts. With a nearly $40 billion market cap and a geographically diverse business, it is an industry leader. Add in a 6.3% dividend yield, and there's a lot to like here. But you should get to know the company a little more before you jump aboard. Here's why.Buy Kinder Morgan?Touching on some of the positives up front, Kinder Morgan owns midstream assets that would be virtually impossible to r ...
Kinder Morgan (KMI) Rises Higher Than Market: Key Facts
Zacks Investment Research· 2024-03-21 22:56
Kinder Morgan (KMI) closed the latest trading day at $18.11, indicating a +0.44% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 0.32% for the day. On the other hand, the Dow registered a gain of 0.68%, and the technology-centric Nasdaq increased by 0.2%.Heading into today, shares of the oil and natural gas pipeline and storage company had gained 3.5% over the past month, lagging the Oils-Energy sector's gain of 6.39% and the S&P 500's gain of 5.11% in that ...
Kinder Morgan (KMI) Advances While Market Declines: Some Information for Investors
Zacks Investment Research· 2024-03-11 22:56
In the latest market close, Kinder Morgan (KMI) reached $17.97, with a +0.79% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.11%. Meanwhile, the Dow experienced a rise of 0.12%, and the technology-dominated Nasdaq saw a decrease of 0.41%.The oil and natural gas pipeline and storage company's shares have seen an increase of 7.34% over the last month, surpassing the Oils-Energy sector's gain of 3.56% and the S&P 500's gain of 2.7%.Market participa ...
Kinder Morgan: Stagnation Is Okay
Seeking Alpha· 2024-03-07 08:50
JasonDoiy Kinder Morgan (NYSE:KMI) is one of the largest energy infrastructure companies, with a market capitalization of almost $40 billion. The company has seen its share price stagnate for the most part; however, it's continued to pay a dividend of almost 6.5%, while focusing on growth. We discussed the company's performance in December. However, with its recent earnings and full 2023 results, along with its stagnation in share price as the rest of the market improves, we feel it's important to highlight ...
Kinder Morgan (KMI) Rises As Market Takes a Dip: Key Facts
Zacks Investment Research· 2024-03-05 23:51
In the latest trading session, Kinder Morgan (KMI) closed at $17.72, marking a +0.85% move from the previous day. The stock's change was more than the S&P 500's daily loss of 1.02%. On the other hand, the Dow registered a loss of 1.04%, and the technology-centric Nasdaq decreased by 1.65%.Prior to today's trading, shares of the oil and natural gas pipeline and storage company had gained 5.4% over the past month. This has outpaced the Oils-Energy sector's gain of 3.07% and the S&P 500's gain of 3.64% in that ...
Kinder Morgan, Inc. (KMI) Annual Raymond James Institutional Investors Conference (Transcript)
2024-03-05 18:53
Kinder Morgan, Inc. (NYSE: KMI) Annual Conference Summary Company Overview - Kinder Morgan is a large energy infrastructure company, primarily focused on natural gas, with nearly two-thirds of its business in natural gas infrastructure [2][3] - The company operates the largest natural gas transmission network and is the largest independent transporter of refined products in the U.S. [3][4] - 64% of cash flows are derived from the natural gas business, moving 40% of all U.S. natural gas molecules daily [4][8] Financial Performance - The company has maintained a strong balance sheet with a debt-to-EBITDA ratio around 4x, expected to decrease to 3.9x by the end of 2024 [7][15] - In 2023, Kinder Morgan returned approximately 8% of its equity value to shareholders through dividends and share repurchases [8][39] - EPS has grown at an annual rate of 8% since 2016, with a 26% reduction in leverage over the same period [10][11] Growth Opportunities - Kinder Morgan has a backlog of $3 billion in committed projects, with expected incremental EBITDA of over $400 million from projects placed in service in 2024 [12][15] - The company is optimistic about the liquefied natural gas (LNG) build-out, which is seen as a significant growth opportunity for midstream companies [14][30] - The existing natural gas network is fully utilized, necessitating new pipeline and storage infrastructure to meet future demand [16][18] Market Dynamics - U.S. natural gas demand has increased by 30 billion cubic feet per day from 2015 to 2023, with an expected additional growth of 20 billion cubic feet per day by the end of the decade [16][18] - The company is well-positioned to capitalize on supply growth from key areas such as Haynesville, Permian, and Marcellus [19][20][22] - LNG exports are projected to grow from 12-13 Bcf per day to 28-29 Bcf per day, with most projects already under construction [30][31] Environmental Initiatives - Kinder Morgan has reduced methane emissions by 30% since 2020, demonstrating a commitment to environmental stewardship [38][37] - The company is exploring opportunities in carbon capture and sequestration through its CO2 segment, which is focused on enhanced oil recovery [36][37] Conclusion - Kinder Morgan is optimistic about its future growth prospects, driven by a strong asset base, committed projects, and favorable market dynamics in the natural gas sector [39] - The company offers a competitive dividend yield of over 6.5% combined with growth prospects of 8% in 2024, presenting an attractive total return opportunity for investors [39]
Why I Recently Bought More of This Beaten-Down Ultra-High-Yielding Dividend Stock
The Motley Fool· 2024-03-04 12:02
Last year was brutal for NextEra Energy Partners (NEP 3.20%). The clean energy infrastructure company lost more than half its value as surging interest rates impacted its ability to fund its business and growth. That shellacking has pushed its dividend yield into the double digits. I recently decided to take advantage of the sell-off by buying a few more shares of the renewable energy producer. While there's a near-term risk that it might need to reduce its big-time dividend, I think it has tremendous total ...
3 Stocks That Could Boost Their Dividends Soon
The Motley Fool· 2024-03-03 09:30
Especially these days -- when jobs don't feel all that secure and inflation continues to raise the cost of living -- every little bit of extra cash a person can get hold of can certainly be put to good use. This reality makes companies that not only pay dividends but also increase them incredibly attractive for those of us who want to keep cash coming in even as our costs keep going up.Dividends are never guaranteed payments, so finding companies that can reliably boost cash flows is often easier said than ...
Here is What to Know Beyond Why Kinder Morgan, Inc. (KMI) is a Trending Stock
Zacks Investment Research· 2024-03-01 15:06
Kinder Morgan (KMI) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this oil and natural gas pipeline and storage company have returned +2.1% over the past month versus the Zacks S&P 500 composite's +5.2% change. The Zacks Oil and Gas - Production and Pipelines industry, to which Kinder Morgan belongs, has gained 1.1% over this period. Now the key question is: Where could the ...