#6 - Kinder Morgan (NYSE:KMI)
Kinder Morgan Inc. (NYSE: KMI) is another solid midstream choice for investors looking for a quality, high-yield dividend payer. The company moves oil, natural gas, LNG, refined petroleum, and other energy products through its network of pipelines that spans over 83,000 miles in the United States and Canada. Kinder Morgan has been nimbly adding to its infrastructure in the past 10 years while still strengthening its balance sheet.
The company is forecasting an increase in LNG demand from data centers. These facilities require 24/7 power, and that demand has only increased with the emergence of artificial intelligence (AI) applications. Kinder Morgan’s pipelines run through the area where many of these data centers exist, which is likely to provide a revenue and earnings boost in the coming years.
KMI stock is up 22% in 2024 and has delivered a total return of 47.3% over the last five years. The company’s dividend is 5.38%.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.
Read More - Current Price
- $28.27
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 6 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $25.67 (9.2% Downside)
