Tuesday, September 29, 2015

RECENT BUY (NYSE: KMI)

WE RECENTLY PURCHASED THE FOLLOWING
KINDER MORGAN, Inc. (KMI)
Purchased 15 shares of KMI on 9/29/2015 at $27.00
Total Spent: $405.00

Company Description
From Google Finance:
Kinder Morgan, Inc. (KMI) is an energy infrastructure and energy company in North America. The Company operates through six segments: Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals. The CO2 business segment produces, transports, and markets CO2. The Terminals segment includes the operations of its petroleum, chemical, ethanol and other liquids terminal facilities and all of its coal, petroleum coke, fertilizer, steel, ores and other dry-bulk material services facilities. The Products Pipelines segment consists of refined petroleum products, crude oil and condensate, and NGL pipelines and associated terminals, Southeast terminals, and its transmix processing facilities. The Kinder Morgan Canada segment includes its 100% owned and operated Trans Mountain pipeline system and a 25-mile Jet Fuel pipeline system

Although the market finished barely in the green today, there were still many great buys found. The discounts were best found earlier in the day when the DOW dipped below 16,000 points. So as a long term investors, we took the opportunity to add a few more shares to our family's dividend stocks portfolio.  With today's purchase, we were able to lower our cost basis on another stock we currently own.  

Including the 15 shares added today, we now own 62 total shares of KINDER MORGAN, Inc. (KMI) in our family's dividend stocks portfolio. Our purchase today lowered our cost basis on KMI from $32.32 to 31.03. Additionally, our estimated forward dividends grew another $29.40, putting our yearly dividends at approximately $3,460/year (excluding our Edwards Jones account) and $3,819/year (including our Edward Jones account).

Since we had already held KMI shares in our family's dividend stocks portfolios (WF and EJ Accounts), the portfolio remains unchanged at a total of 47 different dividend paying stocks/ETFs and also 4 companies that either don't pay a dividend our has currently suspended their dividends.



Our family's dividend stocks portfolio may be found
by clicking on the link below:

We also maintain an extensive list of stock analysis
that can be access through the link below:

We also just started a list of Recent Buys by other bloggers
that can be access through the link below:



HERE IS A QUICK FACT SHEET FOR THE STOCK I JUST PURCHASED:

KINDER MORGAN, Inc. (KMI)
P/E: 33.97
Payout Ratio: 270%
Dividend Yield: 7.49%
consecutive years of dividend increases
Last Ex-dividend date: 7/29/2015
Next Ex-dividend date: approx. 10/29/2015
Have paid a dividend since: 1937 (78 years)
Pays a dividend 4 times a year.
Market Cap: 60.3 Billion
52-week high: $44.71
52-week low: $25.81

Purchased Price: $27.00


What are your thoughts on of recent purchase?


What are you buying?

13 comments:

  1. I like KMI buy, AFFJ! I bought it today as well. There have been few negative articles on KMI and next year earnings are expected to fall further. However, I really like this buy and would not hesitate to purchase more on further slide. Its tough to bite the bullet on this but its one of my favorite. Keep racing!

    ReplyDelete
    Replies
    1. Nice to hear from a fellow shareholder. :) I understand there may be rough waters ahead with energy stocks but it is hard to ignore KMI when it dips below $30.

      Cheers to future recovery! AFFJ

      Delete
  2. So tempting to average down here, but I'm really heavy on energy already. Great buy at these levels.

    ReplyDelete
    Replies
    1. Thanks Captain. Glad to have had the opportunity to lower our cost basis another $1.29.

      Thanks for stopping by. AFFJ

      Delete
  3. AFFJ,

    Killer price you got in on them at! Would have loved to have pulled a trigger when they were in the $25 range, just awesome. Nice kick to the dividend income!

    -Lanny

    ReplyDelete
    Replies
    1. Yeah, we had set a limit order for $27 earlier in the week so it had executed automatically I didn't even realize until I looked later in the day that it went down below $26.00! Would have loved to have grabbed some in the $25 range cause has already rose roughly 6% since!

      Still happy with our buy and the additional dividends coming in November. :) AFFJ

      Delete
  4. Nice play! Right before the Bank of America news. $44 price target I think it was. Even though you aren't in it for the growth, sure feels good to be sitting positive in a position! Congrats!

    ReplyDelete
    Replies
    1. Saw that on Marketbeat.com also. Although they maintained a buy rating, B of A lowered their target from $49 to $44. Even at the new target price, our buy looks pretty attractive with an upside of $17 (or 39%)!!

      Thanks for stopping by and commenting Adam. Best wishes. AFFJ

      Delete
  5. Replies
    1. You're welcome. Glad to share as much data that is practical if it helps others in their personal journey.

      Thanks for stopping by. AFFJ

      Delete
  6. Great buy AFFJ. KMI is one of my favorite stocks and the price is right. Good job.

    ReplyDelete
    Replies
    1. Thanks Investment Hunting. Glad to have had the opportunity to add KMI at $27.00. As of this afternoon, KMI is up to $32.00 already!

      Cheers to buying KMI on sale! :)

      AFFJ

      Delete
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    ReplyDelete