Kinder Morgan Announces 2016 Outlook

Moody's Lifts Outlook on Kinder Morgan (KMI) to Stable Following Chopped Dividend

Moody's Investors Service (Moody's) changed Kinder Morgan Inc.'s (NYSE: KMI) outlook to stable from negative and affirmed its Baa3 senior unsecured and Prime-3 commercial paper ratings. A complete list of Moody's rating actions is below.

On December 8, KMI announced that would reduce its annual dividend to $1.1 billion from about $4.4 billion and reduce its targeted ratio of net debt to EBITDA to 5.5x from 5.6x.

"The change in outlook to stable reflects the very significant change Kinder Morgan has made to its dividend policy, slashing its 2016 dividend by 75% and thereby eliminating its... More

Fitch Affirms Ratings on Kinder Morgan (KMI) Amid Dividend Cut

Fitch Ratings has affirmed its 'BBB-' Issuer Default Rating (IDR) and senior unsecured ratings on Kinder Morgan, Inc. (NYSE: KMI) and its subsidiaries, following KMI's announcement of its change in dividend policy. KMI will cut its dividend to focus on retaining cash to help stabilize its balance sheet and fund what remains a robust capital spending backlog. Additionally, Fitch has affirmed its 'F3' short-term IDR and commercial paper (CP) rating on KMI. A full list of rating actions is available at the end of this release.

The Rating Outlook is... More

Kinder Morgan (KMI) Dividend Cut Creates Opportunity to Buy High-Quality Names - Jefferies

Jefferies analyst, Christopher Sighinolfi, commented on Kinder Morgan (NYSE: KMI) revised capital plan before this morning's call. Yesterday, KMI cut its dividend 75% to 12.5¢/sh at the time it announced its capital outlook.

The overall 2016 capital plan:

1) 75% cut in its quarterly dividend to 12.5¢/sh, from 51¢/sh

2) net debt/ EBITDA ratio of ~5.5x for 2016

3) DCF of slightly over... More

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

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

RBC Capital Downgrades Kinder Morgan (KMI) to Sector Perform

RBC Capital downgraded Kinder Morgan (NYSE: KMI) from Outperform to Sector Perform with a price target of $19.00 (from $29.00).

For an analyst ratings summary and ratings history on Kinder Morgan click here. For more ratings news on Kinder Morgan click here.

Shares of Kinder Morgan closed at $15.72 yesterday.

Kinder Morgan (KMI) Expects to Pay $0.50 Annual Dividend in 2016, Down From Over $2.00

Kinder Morgan, Inc. (NYSE: KMI) announced that its Board of Directors has approved a plan pursuant to which it expects to pay quarterly dividends of $.125 per share to its common stockholders ($.50 annually), down from its current quarterly level of $.51, beginning with the fourth quarter 2015 dividend payable in February 2016. This dividend enables the company to use a significant portion of its large cash flow to fund the equity portion of its expansion capital requirements, eliminate any need to access the equity market for the foreseeable future and maintain a solid investment grade credit rating. KMI anticipates... More