14.69 +0.02 (0.14%)
Before hours: 9:16AM EDT
|Bid||14.75 x 1400|
|Ask||14.81 x 3100|
|Day's range||14.57 - 15.06|
|52-week range||9.42 - 22.58|
|Beta (5Y monthly)||1.01|
|PE ratio (TTM)||25.25|
|Earnings date||15-Jul-2020 - 20-Jul-2020|
|Forward dividend & yield||1.05 (7.16%)|
|1y target est||17.85|
The driving factor was all the turmoil in the energy sector, which forced the company to alter its outlook and dividend growth plan. This sell-off in the oil market will impact Kinder Morgan. As a result, Kinder Morgan now estimates that it will generate about $4.6 billion, or $2.02 per share, of distributable cash flow this year, about 8% below last year's level and 10% less than its initial 2020 outlook.
Energy businesses can be risky investments as high capital requirements sometimes conflict with commodity price volatility that affects cash flows. At times, though, investors throw the babies out with the bathwater, and there are opportunities to add to this sector of your portfolio. The three businesses below offer diversity in the energy sector, minimize reliance solely on commodity prices, and offer solid dividend yields thanks to the drop in share prices from the COVID-19 pandemic and related oil price declines.
ONEOK (NYSE: OKE) currently offers income investors an enticing 8.3% dividend yield, which is quite a bit above Kinder Morgan's (NYSE: KMI) 6.3% payout. ONEOK initially expected 2020 would be a monster year. The significant reduction in ONEOK's outlook is worrisome, given its funding needs and the current state of its balance sheet.
Fortunately, some of the best value stocks are still trading at attractive prices and are far less expensive than the market as a whole. Kinder Morgan (NYSE: KMI) is one of the biggest energy infrastructure companies in the world. More than two-thirds of Kinder Morgan's cash flow is secured with take-or-pay contracts, which allow it to receive payment regardless of how much its customers use its pipelines and other infrastructure assets.
Pipeline giants Kinder Morgan (NYSE: KMI) and ONEOK (NYSE: OKE) have been pummeled this year due to all the turbulence in the oil market. Kinder Morgan's stock has tumbled more than 25%, while shares of ONEOK plunged more than 50%.
Kinder Morgan (KMI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
As one of the largest U.S. midstream oil and gas companies, Kinder Morgan (NYSE: KMI) continues to plant the seeds that will grow its business of transporting and storing natural gas, oil, and other valuable products. Its current business is focused in North America, but Kinder Morgan has plenty of projects in the works to expand its international reach. Let's determine the health of Kinder Morgan in the short term to better gauge the feasibility of its 10-year goals.
Crashing crude oil prices have weighed on most energy stocks, including pipeline companies that are relatively immune to fluctuations in volumes and pricing. Because of that, many sell for dirt-cheap prices these days. Three that stand out are Kinder Morgan (NYSE: KMI), Williams Companies (NYSE: WMB), and ONEOK (NYSE: OKE).
Oil prices have fallen through the floor this year, briefly crashing into negative territory. While crude has bounced back a bit from its bottom, at around $20 a barrel it's not profitable for most producers these days, and many more oil companies could plunge into bankruptcy over the coming months. Topping the list of buy-worthy pipeline companies are TC Energy (NYSE: TRP), Enbridge (NYSE: ENB), and Kinder Morgan (NYSE: KMI).
Many dividend stocks have either cut or stopped their payouts entirely as a result of the coronavirus pandemic. Hardly any businesses are actually increasing them -- after all, raising dividend payments is a big move to make at a time when no one really knows what's in store for the economy and many companies are throwing out their forecasts for the year. Johnson & Johnson (NYSE: JNJ) is a Dividend King, and it would take a lot for to interrupt its impressive streak of dividend increases.
With investors fleeing risk as the pandemic spreads and interest rates plummet, you'd think that investors in stocks that pay a dependable stream of dividends would be relatively happy right now. Dividend stocks have actually underperformed growth stocks this year. The Vanguard Growth ETF is down 1.3% for the year, but the Vanguard Dividend Appreciation ETF is down 8.5% and the Vanguard High Dividend Yield ETF is off a whopping 16.3% since we ushered in the new decade.
Another great way to put that stimulus check to use is by creating long-term wealth by investing it in stocks. Three popular ideas for investing right now include beleaguered aerospace giant Boeing (NYSE: BA), beaten-down oil stocks, or just a low-cost index fund like the SPDR S&P 500 ETF (NYSEMKT: SPY). Bet on a turnaround for troubled Boeing that could be years in the offing, stay with the safety and diversity of the S&P 500, or make a risk/reward investment in the oil patch?
Kinder Morgan, Inc. (NYSE: KMI) today announced that, due to the public health impact of the coronavirus (COVID-19) pandemic and out of concern for the health and well-being of KMI’s stockholders and employees, its annual meeting of stockholders, to be held on Wednesday, May 13, 2020 at 10:00 a.m. Central Time, has been changed to a virtual meeting format. Stockholders will not be able to attend the annual meeting in person this year. KMI expects to return to an in-person annual meeting format in 2021.
Kinder Morgan, Inc.’s (NYSE: KMI) board of directors today approved a cash dividend of $0.2625 per share for the first quarter ($1.05 annualized), payable on May 15, 2020, to common stockholders of record as of the close of business on May 4, 2020. This dividend represents a 5 percent increase over the fourth quarter 2019.
Kinder Morgan, Inc. (NYSE: KMI) today announced it will release first quarter 2020 earnings results on Wednesday, April 22, 2020, consistent with its expectations and schedule determined prior to the beginning of the year.
Pipeline Master Limited Partnerships were once some of Wall Street’s favorite energy money-makers, but they’ve become risky as oil prices have tanked
Big Oil will be in focus this week with supermajors ExxonMobil (XOM) and Chevron (CVX) reporting fourth-quarter earnings on Friday.