Time to buy Kinder Morgan and other MLPs, Goldman analyst says [Seeking Alpha]
Kinder Morgan, Inc. (KMI)
Last kinder morgan, inc. earnings: 4/22 04:05 pm
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US:NYSE Investor Relations:
ir.kindermorgan.com
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Source: Seeking Alpha
MLPs, pipeline companies and C-Corps have had a so-so year overall, but Goldman Sachs analyst Michael Lapides believes now is the time to buy , foreseeing improving cash flow across the sector from this year through 2021. He notes that the companies will benefit from ongoing simplification of corporate structures, as more companies morph into C-Corps, while rising U.S. production also will provide a tailwind. Kinder Morgan (NYSE: KMI ) is Lapides' top pick and added to Goldman's Conviction Buy list; he likes that KMI's leverage is on the decline while the company’s cash flow improves, and he expects more share repurchases on top of a ~20% dividend over the next three years. Lapides also has Buy ratings on Energy Transfer Equity (NYSE: ETE ) and Tallgrass Energy (NYSE: TGE ) citing valuation, improving cash flow and leverage metrics, but tags Neutral ratings to Cheniere Energy (NYSEMKT: LNG ) and Enterprise Products Partners (NYSE: EPD ) on valuation.
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KMI
News
- Kinder Morgan (KMI) Beats on Q1 Earnings, Hikes Dividend [Yahoo! Finance]Yahoo! Finance
- 4 Oil Pipeline Stocks to Gain From the Prospering Industry [Yahoo! Finance]Yahoo! Finance
- Kinder Morgan Reports First Quarter 2024 Financial ResultsBusiness Wire
- Kinder Morgan (KMI) to Report Q1 Earnings: What to Expect? [Yahoo! Finance]Yahoo! Finance
- Is Kinder Morgan (NYSE:KMI) A Risky Investment? [Yahoo! Finance]Yahoo! Finance
KMI
Earnings
- 4/17/24 - Beat
KMI
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 144/A
- 4/24/24 - Form 144/A
- KMI's page on the SEC website