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   Technology StocksKMI- a fallen high dividend yielder - for how long?


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To: robert b furman who wrote (52)6/29/2018 3:47:12 PM
From: E_K_S
   of 156
 
Some tax loss harvesting. Sold 40% of KMI at $17.75/share w/ the expectations to Buy this stock back in 31 days. Will miss the $0.20/share dividend but will buy back position reducing my cost basis.

These shares had a high cost basis about $41.00/share when the MLP converted to a C corp. Nice that I can harvest lots of long term gains to offset this loss so timing is good w/ market at/near all time highs.

My other pipeline companies doing good, ENB, PBA as well as the MLPs I hold. KMI by far had the highest cost basis with this sale at $30/share. When I finish my re-buy s/d get avg cost down to around $24/share. Then if I sell the other high priced shares (I need to wait 30 days on the sale and 30 days on the buy) in Aug/Sept, I can Buy those back in the Nov/Dec period.

Therefore, to avoid the 'wash' rule need to do those sales now if I do 50% of the high cost shares (ie 2 separate sales) in two batches.

Maybe we will see KMI work it's way back to $30.00/share where it traded in 2014.

EKS

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To: E_K_S who wrote (54)6/29/2018 4:29:25 PM
From: robert b furman
   of 156
 
Hi E_K_S,

I have some 200 at 35.00 and the rest were assigned from some $25.00 puts back when the dividend cut was made.

I doubled down to lower my cost average back when they announced the expected dividend increases through 2020.

I have also sold some 18 puts that if KMI stays below 18 - I'll get quite a few shares for a net of 15.83 .

Last month I had 3100 of KMI put premium expire and this next January I have some 15.00 puts that I think will expire to zero also - that 5,000 grand doesn't lower the cost basis, but it helps me metally stay positive on KMI.

if they keep to the expected dividend increses I'm ballparking I have an average cost of 21 ish.

It will have taken several years to evolce but I'll have a 5.7 % yield on my cost - not counting the put premium I collected.

Long term KMI is a great stock and zi expect their dividend growth the be strong as well.

I liked the sale of the pipeline to Canada, as proceeds were said to reduce debt.

Many still HAVE HARD FEELINGS ABOUT THE DIVIDEND REDUCTION.

They were doing the right things by becoming a C corp and I do not know who knew the Saudi's would pull such a massive flooding of oil in the market place - It caught most for a loop and KMI has done a good job of recovering imo.

It will be a long term buy and hold for me.

Have a great weekend - its hot here in Wisconsin!

Bob

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To: E_K_S who wrote (54)8/6/2018 11:30:20 PM
From: E_K_S
   of 156
 
After 31 days was able to buy back my shares sold at $17.75/share for $17.62/share last Friday. AVG cost lowered but have another chunk to do in 31 days.

To avoid a 'Wash', you have to not Buy/Sell 31 days Before and After you transaction/ It takes 62 days to complete the Buy/Sell . .wash & repeat. To harvest losses, I do 1/2 of the shares in the 62 day cycle then the other 1/2 in another 62 day cycle.

I had a lot of $30/share basis stock from the conversion of the MLP to the C corp. I should get my average cost down to around $20/share after the two 62 day cycle are complete (ie 124 days).

I thin KMI is a 2019 & 2020 story stock especially as economy continues to grow and domestic Oil/NG usage increase and maybe get some growing exports too.

EKS

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To: E_K_S who wrote (56)10/26/2018 10:28:04 AM
From: E_K_S
1 Recommendation   of 156
 
Did another Sell (9/5/2018) of KMI @ $17.62/share and bought back 50% of those this AM @ $16.25/share. Getting my avg cost down after their conversion from MLP to C corp.

Avg cost of total position after this Buy is $17.02/share. Have the final Buy GTC set at $15.34/share which may/could hit after xdiv date of 10/30.

On my last Buy, I get the $0.20/share div and stock yields 5%. Would like to get the other shares at/below $16.00/share after the xdate.

Good Investing

FWIW looking at value Buys w/ companies that pay a 5% div and can cover their dividend w/ modest revenue growth. Will buy 4% payers but must have better growth prospects (CY is on my candidate Buy) and in a sector that has already corrected back to their SMA(200) weekly. $SOX and XLE have seen this correction back to their SMA(200) weekly so time to be shopping for values in these sectors.

EKS

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To: E_K_S who wrote (57)10/26/2018 8:47:07 PM
From: robert b furman
   of 156
 
Right kind of thinking Eric,

Bob

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From: E_K_S12/3/2018 6:45:27 PM
   of 156
 
Kinder Morgan sees 10% growth in distributable cash flow next year to $5B
Dec. 3, 2018 5:15 PM ET|About: Kinder Morgan, Inc. (KMI)|By: Carl Surran, SA News Editor

Kinder Morgan (NYSE: KMI) announces preliminary 2019 financial projections, including expectations of ~10% growth in distributable cash flow to $5B, supported by a ~$6.5B backlog.

KMI says it expects to generate $2.20/share in DCF and $7.8B of adjusted EBITDA, up a respective 7% and 4% vs. its 2018 budget, despite the sale of the Trans Mountain asset during 2018.

KMI also plans to invest $3.1B in expansion projects and contributions to joint ventures in 2019, and expects to use internally generated cash flow to fully fund its 2019 dividend payment as well as the vast majority of its 2019 discretionary spending, with no need to access equity markets.

The company also envisions ending 2019 with a 4.5x net debt-to-adjusted EBITDA ratio

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To: E_K_S who wrote (59)12/18/2018 3:09:08 PM
From: E_K_S
   of 156
 
Another 25% Buy for KMI at $15.49/share that reflects the completion of my shares sold 9/2018 @ $17.50.

The effective dividend yield is 5.2%.

I have another Buy GTC order in at $14.91/share. KMI now back up to a No 8 portfolio position. This year's Buys also include T a No 7 portfolio position and D (a new position this year) and a No 3 portfolio position.

Good Investing

EKS

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To: E_K_S who wrote (60)12/18/2018 3:57:25 PM
From: robert b furman
   of 156
 
Great buy E_K_S!

We'll be grinning like a chessie cat when that $1.25 dividend comes to us in 2020.

KMI = my # 2 position now.

The only part of the energy sector where there is a shortage!

AND They have reduced their debt nicely.

Bob

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To: robert b furman who wrote (61)12/18/2018 4:04:55 PM
From: E_K_S
   of 156
 
With that lawst Buy, I got out of all my high cost $30.shares and replaced them w/ $16.00 avg share cost shares. Maybe get a chance in next 8 trading days to get a few more w/ some tax loss selling.

Have a Merry Christmas and Happy & Healthy New Year

FWIW also made another Buy (4th buy in the last week) of UFNI at $10.09/share as my turn around stock for 2019-2020. Now at a 65% position. Still no rush to Buy shares. But I do try to add every 8%-10% lower.

EKS

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From: E_K_S3/27/2019 3:22:05 PM
   of 156
 
Kinder Morgan downgraded at Citigroup on valuation
Mar. 27, 2019 3:19 PM ET|About: Kinder Morgan, Inc. (KMI)|By: Carl Surran, SA News Editor

Kinder Morgan ( KMI -0.5%) is downgraded to Neutral from Buy with a $20 price target at Citigroup, which says the stock appears fairly valued after rallying 30% YTD and growth opportunities look balanced against downside risk over the near-term.

Citi analyst Mirek Zak praises KMI's "ability to contract not one but two Permian gas pipelines projects at attractive multiples, thanks to its existing intrastate network, but believe(s) it may be some time before other such organic opportunities of scale materialize."

Zak thinks KMI can deliver a sustainable dividend growth rate in the low-single digits after 2021 but says risks remain about existing assets, contract renegotiations, changes from the Federal Energy Regulatory Commission, tariffs and enhanced oil recovery production levels.

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