| To: robert b furman who wrote (74) | 12/3/2019 7:58:05 PM | | From: robert b furman | | | | Looks like a buy today - I bought some more today.
If the $1.25 is approved next April, this stock will be yielding over 6.5% with June's dividend.
That's a 5.22% yield for 6 more months and then a 6.3% dividend in a sector that is growing in many ways;
1)ELECTRICAL GENERATION IN THE USA.
2)Exports to Mexico
3)Exports to the world via LNG ports of which some are working now and many are close to start up as the pipelines from the Permian and Marcellus are or will be completed soon.
4) NOT TO MENTION THE MANY PETROCHEMICAL PLANTS BEING BUILT IN THE HOUSTON SHIP CHANNEL AND SURROUNDING AREA.
Bob |
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| From: E_K_S | 12/5/2019 10:28:04 AM | | | | | | Kinder Morgan sees lower core earnings but higher DCF in 2020
Dec. 5, 2019 10:22 AM ET|About: Kinder Morgan, Inc. (KMI)|By: Carl Surran, SA News Editor
Kinder Morgan ( KMI +0.7%) says it expects adjusted EBITDA to decline next year to $7.6B, in-line with Wall Street estimates but below its 2019 forecast of $7.8B, but signals it would increase its dividend.
KMI says it expects to generate $5.1B of distributable cash flow in 2020, or $2.24/share, ~3% higher than its current DCF forecast for 2019.
The company reiterates plans to raise its dividend to $1.25/share annualized next year, up 25% from 2019, which it expects to fully fund through internally generated cash flow.
KMI expects to invest $2.4B in expansion projects and contributions to joint ventures in 2020, down from $3.1B in 2019.
Also, the company expects its year-end 2019 net debt-to-adjusted EBITDA ratio to improve to 4.4x and to further drop to 4.3x in 2020, with plans to use the proceeds from asset sales to Pembina to pay down debt.
KMI says the moves will provide $1.2B in financial flexibility to buy back shares or invest in attractive projects.
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Was looking at buying back shares I sold 10/16/2019 @ $20.05/share at/below $19/share. SMA(200) is @ $18.84/share. Will try to do my add at that price.
EKS |
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| To: E_K_S who wrote (76) | 12/5/2019 10:46:20 AM | | From: robert b furman | | | | Hi E_K_S,
I bought 900 KMI at $19.67 on 11/27 (three days early).
When price hit the lower Keltner I sold 10 Dec 19. puts hoping to get them assigned and work my cost down a bit.
That juicy $1.25 will begin paying in late April.
I'm happy to wait 4 months to begin receiving 6.35% dividend yield for many years to follow. In between I'm getting 5.08%.
I'll continue to sell 19.00's less than 30 days out as a revenue stream that will help me pay for any stock that may be assigned.
Tempted to just buy more - hard to find a solid 6% plus!!
Can't get that done with XOM or CVX.
Bob |
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| To: robert b furman who wrote (77) | 12/5/2019 10:55:54 AM | | From: E_K_S | | | | On my sale I gave up the dividend so need to factor that into my next Buy. I also have WMB on my Buy list. KMI position is larger so am motivated to add to the WMB. The KMI dividend increase has me put KMI ahead of the list.
I still think BOTH companies will do just fine w/ all the Oil/NG we are now producing. I believe the latest number are over 12.6mln barrels a day (2019) vs 3.8mln in 2005
Going to need a lot more pipes to move that oil IMO.
EKS |
| | KMI- a fallen high dividend yielder - for how long? | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
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| To: E_K_S who wrote (78) | 12/5/2019 2:52:27 PM | | From: robert b furman | | | | Hi E_K_S,
A lot of pipes are getting connected and will be this year - mostly in Permian to Houston/Corpus and export - that's a lot.
Exporting will grow pipe usage (lowest rate to safely move oil to ship channel for petrochemicals) and export.
Good steady growing revenue. Infrastructure should accelerate all growth.
I'm too much in KMI, but they have done the dividend pledge they committed to 3 years ago.
I don't argue with a good yield. Especially if free cash flow is strong while company reduces debt.
I've always liked that Kinder had a huge position and is buying more.
Electrical generation in Houston is almost all gas. Pollution years ago required it.
Exporting out of texas for crude, liquids, and gas must be huge and growing.
Steady slowing growth and a good dividend yield with stability.
I've owned KMI before they cut the dividend.
I've averaged down and love the dividend income growth - which will slow down after the $1.25 bump in 2020
Sure took a hard bounce off the lower Keltner:
screencast.com
Bob |
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| From: E_K_S | 1/9/2020 9:53:34 AM | | | | | | Kinder Morgan, Inc. (NYSE:KMI) today announced it has sold all of the approximately 25 million shares of Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) (Pembina) stock it received in connection with Pembina's acquisition of the outstanding common equity of Kinder Morgan Canada Limited. The sale of these shares is consistent with KMI's previously announced intention to convert the shares into cash in an opportunistic and non-disruptive manner, and the after-tax proceeds of $764 million are consistent with KMI's 2020 budget. As previously disclosed, KMI intends to use the proceeds to pay down debt - creating balance sheet flexibility in 2020 (relative to KMI's long-term leverage target of 4.5 times Net Debt-to-Adjusted EBITDA).
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PBA +5% on that news |
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| To: E_K_S who wrote (80) | 1/9/2020 2:58:21 PM | | From: candsrr | | | | | Nice action so far today - new 52 week high. Not too long ago I was looking at 21.50 as a spot to lighten-up a bit. However, after looking at a longer term chart, I'm thinking the 23 area form the fall of 2016 might be a better target. |
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| From: E_K_S | 3/2/2020 12:18:03 PM | | | | | | Kinder Morgan, Energy Transfer rally after insider buys
Mar. 2, 2020 10:58 AM ET|About: Kinder Morgan, Inc. (KMI)|By: Carl Surran, SA News Editor
Kinder Morgan ( KMI +2.3%) and Energy Transfer ( ET +3.8%) enjoy heady gains as prominent insiders made big purchases recently as shares were weakening, Barron's reports.
Kinder Morgan Executive Chairman Richard Kinder paid $6.2M on Feb. 26 for 300K KMI shares at an average price of $20.72/share, raising his holdings to 243.4M shares in a personal account and another 11.8M shares through a limited partnership.
Kinder paid 2.1% less than the $21.17 year-end 2019 price of Kinder Morgan stock; KMI dropped 9.4% YTD through Friday's close.
Energy Transfer Chairman and CEO Kelcy Warren paid $45.2M on Feb. 19 for 3.6M publicly traded units at an average price of $12.53, lifting his overall ownership to 255.6M units.
Warren paid 2.3% below Energy Transfer's $12.83 year-end closing price; ET units have since shed 13.6% YTD.
Kinder owns a stake of more than 11% in Kinder Morgan, while Warren owns 9.5% of Energy Transfer, according to S&P Capital IQ. |
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