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 26.19

+0.4%

3:59 PM EDT

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Lance Bredvold

To: Lance Bredvold who wrote (298)	11/26/2024 8:08:46 PM
From: E_K_S	1 Recommendation of 357

Still holding an oversized position. No recent Buys in KMI Have in ROTH (avg cost $24.55 +14%) small buys in 2/2023; 8/2021; 7/2021/7/2020/6/2020 ($14/share-$17/share) buys in 4/2014 & 3/2013 underwater at/near $32/share Taxable Account: KMI Buys several throughout 2020 $11-$12; 2018 $12.25 (total shares in taxable account +134%) WMB also bought over sized position in 2020 avg cost $12.75/share; peeled off 10% this month; WMB hit $60 an all time high Last Friday. (in taxable account +357%) ------------------------------------------------- I do think w/ the Trump agenda these pipeline company's will continue to run higher. KMI could see highs at/near $44; WMB all ready at All Time Highs. My sell strategy is based on (1) Price and (2) div yield. These stocks are somewhat cyclical but w/ focus on less regulation (ie FERC), using clean NG & LNG and volume's of gas/oil moved through pipelines will increase, so revenues s/d increase. As long as div yield is at/near 4%, I will hold. KMI div yield 4.02% vs WMB 3.14% You can see the largest gains occurred buying during the cycle low of in 2020/2021. I bought these for income but nice to see these capital gains. Plan is to scale out of WMB in 2025 at/above $60/share; similar plan for KMI at/above $35-$45. Expect to see div increases in KMI as vol of gas move increases. --------------------------------------------------- As far as covered calls; another value investor did that w/ his WMB staggard at/above $30/share and missed the huge run past $45 to $60. I do not do covered calls anymore. Just sell shares and scale out of the position over 8-18 months watching FCF & earnings. Stayed tuned to news on new projects and capital investments into new pipeline projects. Will hold for most/all of Trump's administration. FWIW, WMB's price move accelerated in 2024 from $34 to $60. You could see this in KMI in 2025! Hold on and have fun ride

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