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MarketScreener Homepage  >  Equities  >  Nyse  >  Kinder Morgan, Inc.    KMI

KINDER MORGAN, INC.

(KMI)
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Kinder Morgan Sells Shares In Canadian Pipeline Company

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01/09/2020 | 09:35am EDT

By Micah Maidenberg

Kinder Morgan Inc. (KMI) said it sold about 25 million shares of Canada-based Pembina Pipeline Corp. (PBA, PPL.T), resulting in after-tax proceeds of $764 million.

The energy infrastructure company said it received the shares in Pembina when that company purchased Kinder Morgan Canada Ltd.

Kinder Morgan will use the funds from the stock sale to pay down debt, according to a statement it released Thursday.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
KINDER MORGAN CANADA LIMITED 0.00%End-of-day quote.0.00%
KINDER MORGAN, INC. 4.90% 13.92 Delayed Quote.-34.25%
PEMBINA PIPELINE CORPORATION 11.63% 26.4 Delayed Quote.-49.84%
PPL CORPORATION -4.45% 24.68 Delayed Quote.-31.22%
WTI 0.77% 20.455 Delayed Quote.-62.40%
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Financials (USD)
Sales 2020 13 358 M
EBIT 2020 3 950 M
Net income 2020 2 299 M
Debt 2020 33 413 M
Yield 2020 8,80%
P/E ratio 2020 13,5x
P/E ratio 2021 13,3x
EV / Sales2020 4,86x
EV / Sales2021 4,82x
Capitalization 31 530 M
Chart KINDER MORGAN, INC.
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Technical analysis trends KINDER MORGAN, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 18,92  $
Last Close Price 13,92  $
Spread / Highest target 65,2%
Spread / Average Target 35,9%
Spread / Lowest Target 0,57%
EPS Revisions
Managers
NameTitle
Steven J. Kean Chief Executive Officer & Director
Kimberly Allen Dang President & Director
Richard D. Kinder Executive Chairman
Donald Dickson Director-Operations
David Patrick Michels Chief Financial Officer & Vice President
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