Inter Pipeline offers an industry-leading dividend that existing and expected projects support.
We are initiating coverage of Inter Pipeline with a fair value estimate of CAD 26. We are assigning the company no economic moat with a stable moat trend. The stock currently yields over 5.5%, which is the highest among the company’s peer group. In addition, we expect IPL to increase its annual dividend over the long-term, while maintaining a comfortable distributable cash coverage ratio.Trading at CAD 29, which represents a 12% premium to our fair value estimate, the stock looks modestly over...
Inter Pipeline is engaged in the business of of petroleum transportation, bulk liquid storage and natural gas liquids (NGL) extraction through the ownership and operation of energy infrastructure assets in western Canada, the U.K., Denmark, Germany, Ireland and Sweden. Co. has four operating business segments that are reportable segments: the oil sands transportation business segment; the conventional oil pipelines business segment; the bulk liquid storage business segment; and the NGL extraction business segment.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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