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

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) PT Lowered to $18 at Credit Suisse Following Dividend Cut

Credit Suisse analyst J. Edwards reiterated a Neutral rating and cut its price target on Kinder Morgan (NYSE: KMI) to $18.00 (from $25.00) after the company lowered its dividend 75%.

Edwards commented, "We expect to see more selling in KMI shares in the wake of the... More

Kinder Morgan (KMI) Plans to Hold FY16 Update Conf. Call on Dec. 9th

Kinder Morgan (NYSE: KMI) posted the following to its Investor website on Tuesday:

KMI 2016 Guidance Conference Call... More

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

(Updated - December 8, 2015 12:54 PM EST)

Kinder Morgan (NYSE: KMI) board holding meeting today to mull dividend cut, according to the... More

TRC Capital Withdraws Kinder Morgan (KMI) Class P Tender Offer

TRC Capital Corporation (TRC) announced today that it has withdrawn its tender offer of US$23.30 per share in cash for up to 4,000,000 Class P Common Shares of Kinder Morgan, Inc. (NYSE: KMI). As of December 7, 2012, 34,919 shares of Kinder have been deposited to the offer.

Kinder Morgan (KMI) Dividend Cut to $0.01/Share Forthcoming - Jefferies

Shares of Kinder Morgan (NYSE: KMI) have recently come under extreme pressure as investors have grown concerned about KMI's leverage, the risk of a credit downgrade to HY, & the prospect external capital may not be available to fund capex. Jefferies analyst, Christopher Sighinolfi, believes a dividend cut to 1¢/qtr... More