KMI- a fallen high dividend yielder - for how long? Message Board

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Technology Stocks : KMI- a fallen high dividend yielder - for how long?

KMI 26.08

-0.4%

Nov 3 9:30 AM EST

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To: robert b furman who wrote (243)	4/18/2024 2:44:17 PM
From: OldAIMGuy	Read Replies (1) of 357

Here's what Value Line had to say the week of the change............................. PORTFOLIO II This week we are adding Kinder Morgan and selling Sanofi. The latter stock has recovered somewhat from disappointing results last November, but we do not see improved prospects on the horizon and its valuation is on the expensive side. Kinder Morgan is a large North American energy distributor with over 80,000 miles of pipelines. Though its Price Growth Persistence score is very low, it has a solid Stock Price Stability score (80) due mostly to an above-average dividend yield. The current payout is 6.1%. Model Portfolios: Recent Developments This year, earnings should improve to roughly $1.15 per share, following a milder-than-expected winter that hurt natural gas volumes. The terminal business should remain steady, as storage demand for petroleum and various chemicals is firm. The outlook for the LNG business is less clear, but the trend toward more LNG export facilities should be beneficial. We expect decent earnings growth in coming quarters from greater throughput and better pricing. Lighter capital outlays may also boost free cash flow. The current valuation is reasonable. However, investors should be aware of the highly leveraged balance sheet and Average (3) Safety Rank. Meanwhile, the continued procession of relatively hot economic data has forced the 10-year Treasury yield back up near its November highs. We expect volatility to pick up in coming months with earnings season starting soon and macro concerns gaining greater attention. Best wishes, OAG Tom

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