My research on Kinder Morgan (NYSE:KMI) and Enbridge (NYSE:ENB) has lead me to write this article about the similarities and differences I have found of both companies. It appears to me that Enbridge’s business model is somewhere in between Kinder Morgan’s present and Kinder Morgan’s pre-dividend cut business model. But as I will discuss later, Enbridge has taken a more prudent approach to be able to continually access equity markets for funding, where Kinder Morgan failed.
This article will be written in several sections namely:
-Valuation based purely on materialized assets
-Valuation based on “good” Equity markets. I will define a good Equity market later in this article
-Why if all factors stay the same, Enbridge will outperform Kinder Morgan in the long term
Fundamental Assessment of Valuation
Please note all guidance and metrics are taken from the Enbridge 2015 Annual Report, the Enbridge Quarter 3 Report, the Kinder Morgan 2015 Annual Report, or the Kinder Morgan Quarter 3 Report, whichever has the more up to date information. Metrics for Enbridge will be in CAD and all metrics for Kinder Morgan will be in USD. DCF and ACFFO will be used interchangeably, as they are intended to mean the same thing. In my opinion, the ratios of valuation are what is important.
Top Dividend Stocks For 2018: S&P GSCI(GD)
- [By Chris Dier-Scalise]
What gives? Well, all of the top six holdings in the fund—Boeing Co (NYSE: BA), United Technologies Corporation (NYSE: UTX), Lockheed Martin Corporation (NYSE: LMT), General Dynamics Corporation (NYSE: GD), Raytheon Company (NYSE: RTN), and Northrup Grumman Corporation (NYSE: NOC)—all either met or exceeded Q4 earnings estimates. Together, those six companies make up about 45 percent of the fund.
- [By Lou Whiteman]
The deal, in effect, makes General Dynamics-owned (NYSE:GD) Gulfstream both a customer of and subcontractor to Triumph on G650 wing box and wing completion work. Wing production work currently being performed at Triumph facilities in Nashville, Tennessee, and Tulsa, Oklahoma, will move to Gulfstream’s Georgia facility.
- [By Lou Whiteman]
Two of the biggest laggards have been General Dynamics (NYSE:GD) and Huntington Ingalls (NYSE:HII), each down by more than 10% in the past three months. The similarities go well beyond stock performance. The companies have two of the more interesting outlooks for growth among defense players, but each seemed to catch investors off guard over how long it will take that increased business to materialize.
- [By ]
Only 10% of the companies on the list had female CEOs at the helm, four of which — Hewlett Packard (HP) , Lockheed Martin (LMT) , General Motors (GM) , and General Dynamics (GD) — grew significant revenue in five years or less.
Top Dividend Stocks For 2018: TAL International Group Inc.(TAL)
- [By Dustin Parrett]
Our analysis from May 2013 found the VQScore tool identified 48 triple-digit winners, including a staggering 2,573% gainer in TAL Education Group ADR (NYSE: TAL).
- [By Stephan Byrd]
Trilogy Global Advisors LP cut its stake in TAL Education (NYSE:TAL) by 57.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 94,705 shares of the company’s stock after selling 126,580 shares during the quarter. Trilogy Global Advisors LP’s holdings in TAL Education were worth $3,513,000 at the end of the most recent quarter.
- [By Ethan Ryder]
Tarena International (NASDAQ: TEDU) and TAL Education (NYSE:TAL) are both business services companies, but which is the superior investment? We will compare the two businesses based on the strength of their profitability, risk, earnings, analyst recommendations, valuation, dividends and institutional ownership.
Top Dividend Stocks For 2018: 3M Company(MMM)
- [By Benzinga News Desk]
U.S. 10-year Treasury yields will move in a 3 percent to 3.5 percent range for the rest of the year as the Federal Reserve continues raising interest rates, said Robert Mead, co-head of Asia-Pacific at Pacific Investment Management Co: Link $
US MBA mortgage applications w.e. 11 May -2.7% vs -0.4% prior
US Housing Starts (MoM) for Apr -3.70% vs -0.70% Est; Prior 1.90%. US Building Permits (MoM) for Apr -1.80% vs -2.30% Est; Prior 4.40%
Federal Reserve Bank of Atlanta President Raphael Bostic is set to speak at 8:30 a.m. ET.
Data on industrial production for April will be released at 9:15 a.m. ET.
The Energy Information Administration’s weekly report on petroleum inventories in the U.S.is schedule for release at 10:30 a.m. ET.
St. Louis Fed President James Bullard will speak at 6:30 p.m. ET.
Jefferies upgraded Lyondell Basell (NYSE: LYB) from Hold to Buy
Susquehanna upgraded AMD (NASDAQ: AMD) from Negative to Neutral
Jefferies downgraded 3M (NYSE: MMM) from Buy to Hold
KeyBanc downgraded Vipshop (NYSE: VIPS) from Overweight to Sector Weight
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
- [By Chris Hill]
Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG)took just a smidge of a haircut after releasing its first-quarter report, despite putting up huge ad revenue growth.What gives? 3M (NYSE:MMM) followed a knockout 2017 with a not-so-great start to the new year, but long-term investors shouldn’t sweat it too hard. Wells Fargo(NYSE:WFC) held its annual meeting today, and despite its CEO’s stated devotion to rebuilding customer trust, things don’t look so great for the bank — and could look even worse in a few weeks after Berkshire Hathaway’s (NYSE:BRK-A) (NYSE:BRK-B) annual meeting. Tune in to find out more.
- [By Lisa Levin]
Analysts at Jefferies downgraded 3M Company (NYSE: MMM) from Buy to Hold.
3M shares fell 0.45 percent to $201.50 in pre-market trading.
Top Dividend Stocks For 2018: PPL Corporation(PPL)
- [By Paul Ausick]
PPL Corp. (NYSE: PPL) dropped about 1.7% Tuesday to post a new 52-week low of $30.44 after closing at $30.95 on Friday. Volume was around 4.1 million about 10% below the daily average of around 4.6 million. The company had no specific news.
- [By Max Byerly]
PPL Co. (NYSE:PPL) announced a quarterly dividend on Wednesday, May 16th, RTT News reports. Stockholders of record on Friday, June 8th will be paid a dividend of 0.41 per share by the utilities provider on Monday, July 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.07%.
- [By Paul Ausick]
PPL Corp. (NYSE: PPL) posted a 52-week low of $30.81 after closing Friday at $31.13. The 52-week high is $40.20. Volume was about 3.5 million, about 25% below the daily average of around 4.5 million shares. The electric utility company had no specific news.
- [By Joseph Griffin]
Wall Street brokerages expect Pembina Pipeline (NYSE:PBA) (TSE:PPL) to report $1.51 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Pembina Pipeline’s earnings, with the lowest sales estimate coming in at $1.19 billion and the highest estimate coming in at $1.83 billion. Pembina Pipeline posted sales of $866.72 million during the same quarter last year, which would indicate a positive year over year growth rate of 74.2%. The firm is expected to issue its next quarterly earnings results on Tuesday, August 7th.