|Bid||24.17 x 800|
|Ask||25.25 x 800|
|Day's Range||24.28 - 24.56|
|52 Week Range||20.27 - 26.35|
|Beta (3Y Monthly)||0.12|
|PE Ratio (TTM)||19.16|
|Forward Dividend & Yield||2.02 (8.90%)|
|1y Target Est||N/A|
Insider Monkey has processed numerous 13F filings of hedge funds and famous investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and investors' positions as of the end of the fourth quarter. You can find write-ups about an individual hedge fund's trades on numerous financial news websites. […]
What to Expect from Kinder Morgan’s Q1 Earnings Results(Continued from Prior Part)Kinder Morgan’s first-quarter revenue Analysts expect Kinder Morgan’s (KMI) revenue to rise 8% in the first quarter compared to its previous year’s revenue.
Investing in MLPs: Why Yield Isn’t Everything(Continued from Prior Part)Stocks with high yieldsLet’s take a look at midstream stocks trading at attractive yields. The stocks have a market capitalization of over $5 billion and yields over 7.0%.
The Canadian Pension Plan Investment Board is buying into the U.S. energy infrastructure industry. That’s a sign that investors should check in on the value offered by master limited partnerships, or MLPs.
Bill Moler has been executive vice president and COO of Tallgrass Energy LP, a Leawood-based midstream energy infrastructure company (NYSE: TGE), since it was founded in 2012.
The complaint that KC-area companies can't attract money — not even from local investors — is showing signs of fading.
This underfollowed pipeline operator, genetic testing company, and gaming stock could score big wins for their investors well before Wall Street takes notice.
The investment firm said affiliates of Blackstone Infrastructure Partners have entered into an deal with Kelso & Co., the Energy & Minerals Group and Tallgrass KC LLC that would give Blackstone 100% membership interests in Tallgrass’s general partner, as well as a 44% economic interest in the private enterprise.
Master limited partnerships (MLPs) were the business structure of choice for the energy infrastructure/midstream business in the decade through 2014; growth came from developing new projects, funded with a combination of debt and equity, recalls sector expert Tim Plaehn, editor of The Dividend Hunter.
Blackstone Group LP's $3.3 billion deal to buy a controlling interest in pipeline operator Tallgrass Energy LP would put four Blackstone executives on the firm's nine-member board, company officials said ...
Under the deal, Blackstone will acquire a 44 percent stake in Tallgrass Energy and take over the company's general partner, Tallgrass Energy GP LLC. Singapore's sovereign wealth fund, GIC, will also be a minority investor in the deal. The deal will be financed by Blackstone's planned $40 billion infrastructure fund, to which Saudi Arabia's main sovereign wealth fund agreed last year to contribute up to $20 billion.
Blackstone Group L.P. said Thursday its Blackstone Infrastructure Partners unit has agreed to acquire a majority stake in Tallgrass Energy LP for about $3.3 billion in cash. Affiiates of the Singaporean sovereign wealth fund GIC will be a minority investor in the deal, which is expected to close in the first quarter. "This transaction represents a rare opportunity to invest in a large-scale U.S. midstream infrastructure platform that connects high-production supply basins to key markets and is underpinned by long-term contracts," Sean Klimczak, global head of infrastructure at Blackstone said in a statement. Blackstone shares were not yet active premarket, but have fallen 9.3% in the last 12 months, while the S&P 500 has fallen 5.1%.
Kinder Morgan (KMI) will contribute part of its Wyoming Intrastate Company and Cheyenne Plains Gas Pipeline, while Tallgrass Energy would contribute the Pony Express Pipeline System.
The pipeline company is forming a joint venture with Tallgrass Energy for a new oil pipeline to support the fast-growing Rockies region.