- Reuters•3 hours ago
Fayez Sarofim, who is on the Kinder Morgan (KMI.N) board of directors, has agreed to pay a $720,000 civil penalty for failing to report the purchase of voting securities of Kinder Morgan and Kemper Corporation (KMPR.N) to antitrust enforcers, the Justice Department said on Friday. Sarofim, who is also chairman of Fayez Sarofim & Co investment advisers, bought the Kinder Morgan securities in 2001, 2006 and 2012, and the Kemper Corp securities in 2007, the department said.
- Motley Fool•3 days ago3 Things Kinder Morgan Inc.'s Founder Wants You to Know About the Future of New Energy Pipelines in America
The energy infrastructure giant’s CEO Richard Kinder offered his perspective on the changing dynamics in the pipeline sector.
- Barrons.com•4 days ago
Kinder Morgan (KMI) shares were continuing their ascent Monday after posting earnings last week that convinced investors the company is likely to hike its dividend next year. Raymond James was latest in a string of Wall Street upgrades Monday. Analyst Darren Horowitz raised his rating to Strong Buy from Outperform, lifted his target price to $27 from $23, and lowered his risk rating to "medium" from "high." He forecasts a 130% dividend increase coming in 2018, which would bring KMI's yield, using the current stock price, to 5.3% from 2.34%.
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