Kinder Morgan's (KMI) Board to Hold Meeting Today Over Potential Dividend Cut

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Kinder Morgan's (KMI) Price Target Trimmed at Deutsche Bank, Buy Rating Maintained

December 9, 2015 9:52 AM EST

Deutsche Bank maintained a Buy rating on Kinder Morgan (NYSE: KMI) and lowered its price target to $19.00 (from $28.00). The change follows news Kinder Morgan plans to cut its dividend by 75%.

Commenting on developments, analyst Kristina Kazarian said, "This cut gives KMI coverage of 4.6x, allowing it to divert $3.9b/yr of cash flow from... More

Kinder Morgan (KMI) to Review Dividend Policy in Coming Days

December 4, 2015 11:59 AM EST

In its third quarter earnings call, Kinder Morgan, Inc. (NYSE: KMI) indicated an expected 2016 growth range of 6 to 10 percent over its 2015 target dividend of $2.00 per share. KMI has now completed its 2016 budget process and expects to generate 2016 distributable cash flow of... More