Kinder Ready to Fulfill Its 'Wait Til Next Year' Promises
We are reaffirming our $19 per share fair value estimate, along with our no-moat and stable moat trend ratings, after Kinder Morgan announced earning $4.5 billion of distributable cash flow, or $2.00 per share, for full-year 2017. This is in line with 2016 results and our estimate.Kinder reaffirmed its ambitious capital-allocation plans for 2018. This includes raising the dividend to $0.80 per share from $0.50 per share in 2017; $2 billion of share repurchases that started in December; and $2...
Kinder Morgan is an energy infrastructure company. The company's segments are: Natural Gas Pipelines, which includes the ownership and operation of, among others, main interstate and intrastate natural gas pipeline and storage systems; Products Pipelines, which includes the refined petroleum products, crude oil and condensate pipelines; Terminals, which includes the ownership and/or operation of, among others, liquids and bulk terminal facilities; and carbon dioxide (CO2), which includes the production, transportation and marketing of CO2, ownership interests in and/or operation of oil fields and gasoline processing plants in West Texas.
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.
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