We explore the unique structure and tax implications of investing in MLPs.
We see upside for Kinder and an exit strategy for other master limited partnerships.
Kinder's reorganization brings upside potential, but even after the change, its payout coverage is too thin for conservative income investors, says Morningstar DividendInvestor editor Josh Peters.
We’re boosting our fair value estimate of Kinder Morgan as the firm’s new structure removes the burden of incentive distributions and will likely support 10% annual dividend growth, says Morningstar’s Jason Stevens.
The firm's consolidation deal eliminates the incentive distribution structure entirely, allowing the combined KMI to sustain more rapid dividend growth than our previous forecast.
Research firm's claims don't change our opinion of this wide-moat group of companies.
Morningstar StockInvestor editor Matt Coffina discusses recent additions to the Wide Moat Focus Index.
Despite full valuations and the higher likelihood of market volatility, high-quality stocks remain a good option for long-term investors.
The newest energy infrastructure ETFs try to avoid the structural shortcomings of existing MLP products.
Morningstar's Matt Coffina and Connie Hsu put master limited partnerships in layman's terms but note few values currently exist among these energy firms.