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KMI

Kinder Morgan

$20.71

0.53 (2.63%)

16:16
10/19/16
10/19
16:16
10/19/16
16:16

Kinder Morgan expects to declare 50c per share dividend for 2016

For 2016, KMI expects to declare dividends of 50c per share. KMI's budgeted 2016 distributable cash flow was approximately $4.7B and budgeted 2016 Adjusted EBITDA was approximately $7.5B. Consistent with guidance provided the last two quarters, the company continues to expect Adjusted EBITDA to be about 3 percent below budget and distributable cash flow to be about 4 percent below budget. To be consistent with previous quarters, this guidance does not take the SNG transaction into account. Including the impact of the SNG transaction, the company expects Adjusted EBITDA and distributable cash flow to each be about 4 percent below budget. KMI does not provide budgeted net income attributable to common stockholders due to the inherent difficulty and impracticality of quantifying certain amounts required by GAAP such as ineffectiveness on commodity, interest rate and foreign currency hedges, unrealized gains and losses on derivatives marked to market, and potential changes in estimates for certain contingent liabilities. KMI expects to generate excess cash sufficient to fund its growth capital requirements without needing to access capital markets and expects to end the year with a net debt-to-Adjusted EBITDA ratio of approximately 5.3 times, consistent with where KMI ended the third quarter and below the budgeted year-end ratio of 5.5 times. KMI's growth capital forecast for 2016 is approximately $2.7B.

  • 19

    Oct

KMI Kinder Morgan
$20.71

0.53 (2.63%)

10/04/16
STFL
10/04/16
DOWNGRADE
STFL
Hold
Kinder Morgan downgraded to Hold from Buy at Stifel
10/04/16
10/04/16
DOWNGRADE
Target $24

Hold
Kinder Morgan downgraded to Hold from Buy at Stifel
As previously reported, Stifel downgraded Kinder Morgan to Hold from Buy. Analyst Selman Akyol reduced his rating citing valuation and maintained its $24 price target.
10/04/16
10/04/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Wells Fargo (WFC) downgraded to Underperform from Market Perform at Raymond James with analyst David Long saying the fallout from the unauthorized account openings will result in continued under performance. The analyst said several additional investigations, lawsuits, and fines have been announced, resulting in a still cloudy outlook. 2. Kinder Morgan (KMI) downgraded to Hold from Buy at Stifel analyst Selman Akyol citing valuation. 3. GrubHub (GRUB) downgraded to Hold from Buy at Stifel with analyst John Egbert citing valuation. 4. Dr Pepper Snapple (DPS) downgraded to Hold from Buy at Evercore ISI with analyst Robert Ottenstein saying reports that Bai Brands is looking for a new owner are credible and could change investor's psychology on the stock and its Allied Brands business. 5. Dollar Tree (DLTR) downgraded to Neutral from Buy at Cleveland Research with the firm saying sales trends appear to have slowed further at Family Dollar as the company struggles with increased price competition, difficult comps, and strategy headwinds. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/07/16
WOLF
10/07/16
INITIATION
Target $24
WOLF
Peer Perform
Kinder Morgan initiated with a Peer Perform at Wolfe Research
Wolfe Research analyst Steven Fleishman initiated Kinder Morgan with a Peer Perform and a $24 price target.

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$NYE

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XLK

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GG

Goldcorp

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KR

Kroger

$22.58

-0.02 (-0.09%)

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DB

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0.25 (1.50%)

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WDC

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Western Digital

$93.34

3.09 (3.42%)

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Toshiba, also use TOSBF

$15.98

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AAPL

Apple

$146.28

0.65 (0.45%)

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ZIXI

ZixCorp

$5.77

-0.06 (-1.03%)

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RETA

Reata Pharmaceuticals

$28.97

-0.29 (-0.99%)

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HSTM

HealthStream

$30.89

0.72 (2.39%)

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AMZN

Amazon.com

$1,003.74

2.44 (0.24%)

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GOOG

Alphabet

$965.59

8.5 (0.89%)

, GOOGL

Alphabet Class A

$986.09

9.47 (0.97%)

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GOOG

Alphabet

$965.59

8.5 (0.89%)

GOOGL

Alphabet Class A

$986.09

9.47 (0.97%)

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NURO

NeuroMetrix

$2.95

0.06 (2.08%)

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SNAP

Snap

$17.41

-0.13 (-0.74%)

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DEO

Diageo

$120.05

0.7915 (0.66%)

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TOSBF

Toshiba, also use TOSYY

$2.66

-0.22 (-7.64%)

, TOSYY

Toshiba, also use TOSBF

$15.98

-1.415 (-8.14%)

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TOSBF

Toshiba, also use TOSYY

$2.66

-0.22 (-7.64%)

TOSYY

Toshiba, also use TOSBF

$15.98

-1.415 (-8.14%)

GS

Goldman Sachs

$219.98

2.79 (1.28%)

ONEXF

Onex

$77.08

1.32 (1.74%)

HTHIY

Hitachi

$60.70

0.32 (0.53%)

HON

Honeywell

$134.27

0.28 (0.21%)

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CC

Chemours

$36.20

0.2 (0.56%)

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XOM

Exxon Mobil

$81.32

-0.29 (-0.36%)

12:30
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Options
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  • 26

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HSTM

HealthStream

$30.89

0.72 (2.39%)

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MT

ArcelorMittal

$21.44

0.225 (1.06%)

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NTDOY

Nintendo

$43.21

1.16 (2.76%)

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$NSD

NASDAQ Market Internals

12:17
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