Previous Close | 18.45 |
Open | 18.47 |
Bid | 18.14 x 1000 |
Ask | 18.45 x 3100 |
Day's Range | 18.22 - 18.64 |
52 Week Range | 15.78 - 20.20 |
Volume | |
Avg. Volume | 13,942,221 |
Market Cap | 41.089B |
Beta (5Y Monthly) | 0.95 |
PE Ratio (TTM) | 16.32 |
EPS (TTM) | 1.12 |
Earnings Date | Apr 18, 2023 - Apr 24, 2023 |
Forward Dividend & Yield | 1.11 (6.07%) |
Ex-Dividend Date | Jan 30, 2023 |
1y Target Est | 20.15 |
The global economy is embarking on a massive undertaking. This energy transition will take decades to complete. May energy companies have already started slowly transitioning their business to lower carbon alternatives, which should drive growth for years to come.
Recent indicators suggest a recession could be just around the corner. A potential downturn could have a big impact on earnings for economically sensitive companies, which would likely put more weight on their stock prices. Three companies with relatively recession-resistant businesses are Kinder Morgan (NYSE: KMI), American Water Works (NYSE: AWK), and NextEra Energy (NYSE: NEE).
Mention high-yield dividend stocks, and one tends to think of stodgy companies that distribute the vast majority of their profits to shareholders via dividends -- sometimes to the detriment of the company's ability to grow. The company has also focused more recently on maintaining a solid balance sheet and supporting a stable and growing dividend. Here's why Kinder Morgan stock is a no-brainer energy stock to buy for 2023.