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.
Plus, the difference a moat makes in retail, the long view on Cisco, and more.
After his recent sale of Energy Transfer Equity, StockInvestor editor Matt Coffina says investors should consider more conservative MLPs whose current valuations are less dependent on future growth.
Morningstar StockInvestor editor Matt Coffina discusses recent additions to the Wide Moat Focus Index.
We explore the unique structure and tax implications of investing in MLPs.
Stocks may be fully valued, but there are still some equities at bargain prices.
KMI's IPO provides investors with a way to invest in KMP's general partner.
The merger with El Paso will create value for almost all stakeholders.