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Kinder Morgan Modestly Disappoints But Its Problems Are Transitory

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Image Shown: Kinder Morgan Inc expects a lot of organic growth opportunities will be generated via surging domestic demand for natural gas and rising natural gas export capacity in the US. Image Source: Kinder Morgan Inc – IR Presentation By Callum Turcan Natural gas pipeline giant Kinder Morgan Inc (KMI), a holding in our simulated Dividend Growth Newsletter portfolio, reported second quarter earnings for 2019 on July 17 which generally disappointed. Problems at its Elba LNG development in Georgia and weaker realized prices for raw energy resources produced by its upstream CO2 segment held down Kinder Morgan’s financial performance. We appreciate Kinder Morgan’s focus on fiscal discipline and see several of its problems as transitory, other than the raw energy … Read more

Dividend Increases/Decreases for the Week Ending April 19

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Below we provide a list of firms that raised their dividends during the week ending April 19. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week American Water Works (AWK): now $0.50 per share quarterly dividend, was $0.455. AptarGroup (ATR): now $0.36 per share quarterly dividend, was $0.34. Celanese (CE): now $0.62 per share quarterly dividend, was $0.54. CIT (CIT): now $0.35 per share quarterly dividend, was $0.25. Civista Bancshares (CIVB): now $0.11 per share quarterly dividend, was $0.09. CNX Midstream Partners (CNXM): now $0.3732 per share quarterly dividend, was $0.3603. Cross … Read more

S&P Global: “Enterprise’s shift on cash flow reflects ‘metamorphosis’ of US pipeline firms”

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S&P Global: “While several major U.S. energy pipeline companies spent 2018 shedding cash-leaking habits and forging a more conventional financial structure as stocks languished, adopting reporting practices that are more accessible to the investing public could be a gradual process for the industry, if it takes flight at all.” S&P Global: “Enterprise’s shift on cash flow reflects ‘metamorphosis’ of US pipeline firms” Click here to read the article. Tickerized for holdings in the Alerian MLP ETF (AMLP). Pipelines – Oil & Gas: BPL, DCP, ENB, EPD, ET, GMLP, HEP, KMI, MMP, NS, PAA, WES —– Valuentum members have access to our 16-page stock reports, Valuentum Buying Index ratings, Dividend Cushion ratios, fair value estimates and ranges, dividend reports and more. Not … Read more

MLPs Starting to Adopt Free Cash Flow?

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Image shown: Since mid-June 2015, the price of an ETF tracking the midstream MLP energy space (AMLP) has fallen more than 40% while the S&P 500 (SPY) has rallied more than 30%. No changes to simulated newsletter portfolios. By Brian Nelson, CFA Hi everyone! Hope you are having a nice start to the week. I have some great news for investors. In my lengthy piece from last Tuesday, which can read here, I talked about how master limited partnerships (MLPs) may be starting to embrace the very important metric free cash flow. If you remember, free cash flow is generally calculated as cash flow from operations less allcapital spending.  On the other hand, distributable cash flow, or the most widely-disseminated metric across midstream equities, generally excludes growth capital … Read more

Arista Networks’ Overview and Holly Energy’s Dropdowns Dried Up

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We often receive specific questions from members for research requests on stocks not within our coverage universe and specific questions regarding companies already within our coverage universe. Let’s take a look at one of each such situation in this article. By Kris Rosemann Arista Networks (ANET) – Scalable Business But Not Without Challenges Arista Networks is a leading supplier of cloud networking solutions that utilize software to address demand from large-scale Internet companies, cloud service providers, and next-generation data centers. According to third-party estimates, the company has the second-largest market share in datacenter 10/25/40/50/100 Gigabit Ethernet switch ports as of 2017. Arista Networks operates in the large and growing cloud networking space, and it is working to take advantage of … Read more

Kinder Morgan Reiterates Dividend Growth Intention

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Image shown: Kinder Morgan’s pipeline network and estimated breakdown of 2018 EBDA. Source: Kinder Morgan investor presentation Pipeline operator Kinder Morgan has benefited from a significant increase in natural gas supply and demand of late, and it expects more of the same in 2019. Management continues to execute on its capital allocation priorities, and it reiterated previously-announced guidance for dividend growth in the years ahead.  By Kris Rosemann 2018 was a transformative year for Kinder Morgan (KMI). The once-troubled pipeline operator has come a long way in terms of capital allocation since its massive dividend cut in late 2015, but management continues to expect significant growth in the payout in the years ahead. The company’s growth in 2018 (fourth quarter … Read more

Valuentum Stock Screeners

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This article was sent to members via email December 29. That email can be accessed at the link that follows this article. By Brian Nelson, CFA Hi everyone, I wanted to provide an update with respect to Valuentum’s stock screeners. We believe our stock screeners are among the most robust when it comes to providing forward-looking data, or data that is important with respect to the investment decision-making process. We publish screens in each of the monthly newsletters, but we also provide a basic weekly screener for download on the left column of the website, “Download Weekly Stock Screener (xls) — login required.”   We also have other products. The more robust DataScreener, for example, is part of the quarterly Financial … Read more

Market Mayhem — Alerts for Members

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During these extremely volatile times, it’s important to stay focused. On December 15, we informed all of our members to “Pay Attention.” Shortly thereafter, we notified members of the potential for a stock market technical breakdown. This morning, we offered a pre-market briefing about the importance of thinking about portfolio protection. For Best Ideas Newsletter and Dividend Growth Newsletter members: http://campaign.r20.constantcontact.com/render?preview=true&m=1110817109903&ca=e2406cd6-c113-4344-8731-493f33fc44a4&id=preview For High Yield Dividend Newsletter members: http://campaign.r20.constantcontact.com/render?preview=true&m=1110817109903&ca=b3ba530f-38b3-489a-ac96-2961dca89c6b&id=preview For Exclusive members: http://campaign.r20.constantcontact.com/render?preview=true&m=1110817109903&ca=ba6d90c0-4433-48b2-9b8a-aac4ddf9006e&id=preview We’re here for any questions. Please just let us know how we can help! Kind regards, Brian Nelson, CFA  brian@valuentum.com

Midstream Energy Pounded, MLP Distribution Cut at Golar LNG Partners

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Image shown: The midstream MLP space continues to suffer. Performance of the group since mid-June 2015. By Kris Rosemann and Brian Nelson, CFA There aren’t many calls that have been as large as Valuentum’s was in midstream energy in mid-June 2015. Midstream energy equities comprised some $500-$600 billion in market capitalization at their peak, and our work was prominently highlighted in Barron’s for all to see. Within the High Yield Dividend Newsletter, we’ve received great praise in continuing to highlight the risks of the space, but we can’t change that high yield, itself, is risky, as almost by definition, it means that companies will have poor Dividend Cushion ratios. This doesn’t mean that you won’t be able to find opportunities … Read more

Dividend Increases/Decreases for the Week Ending October 19

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Below we provide a list of firms that raised their dividends during the week ending October 19. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week 1st Constitution Bancorp (FCCY): now $0.075 per share quarterly dividend, was $0.06. Antero Midstream GP (AMGP): now $0.144 per share quarterly dividend, was $0.125. Antero Midstream Partners (AM): now $0.44 per share quarterly dividend, was $0.415. Blackstone (BX): now $0.64 per share quarterly dividend, was $0.58. BP Midstream Partners (BPMP): now $0.2915 per share quarterly dividend, was $0.2725. Central Valley Community Bancorp (CVCY): now $0.09 per … Read more