TRP:CC - Kinder Morgan: Strong Yield And Free Cash Flow Amid Energy Sector Troubles
2024-02-24 20:51:39 ET
Summary
- US investors struggle to find high-dividend names, but analyzing oil and gas storage and transportation companies could provide higher yield ideas.
- Kinder Morgan, Inc. is undervalued and has a high free cash flow yield and improved profitability.
- KMI is expected to see year-over-year EPS growth, positive EPS revisions, and slow dividend growth, making it an attractive investment with a high yield.
- I outline key price levels on the chart to monitor ahead of its April earnings release.
US investors have to dig and claw to find quality high-yield names. Goldman Sachs reports that the current dividend yield on the S&P 500 is a scant 1.45% as of late February 2024. It could be a sign that the market is getting pricey, though the beaten-down Energy sector trades at a very low forward earnings multiple today. If you do some globe-trotting, though, you will find much higher yields. For investors wishing to boost their domestic portfolio’s income rate, then analyzing oil and gas storage and transportation industry companies could be a useful approach. ...
Kinder Morgan: Strong Yield And Free Cash Flow Amid Energy Sector Troubles