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Author: kelbon Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 9058  
Subject: Re: Kinder Morgan Date: 9/26/2012 11:47 AM
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For what it's worth, Morningstar considers KMI to be fairly priced. Their "fair value" price on the stock is $38 a share. Their "consider buying" price is $26.60. Presently KMI garners their three star rating (fully valued).

Kinder Morgan has three different flavors:

— Kinder Morgan (KMI) which pays a dividend and functions as a "regular" corporation. They own general partner KMP. The dividend is around 3.9%.

— Kinder Morgan Energy (KMP) is a master limited partnership that is focused on energy transport and storage. The dividend is around 6.1%.

— Kinder Morgan Management (KMR) is a different share class of KMP, but without MLP's tax complexity. Their "dividend" is paid in shares rather than cash.

Of the three entities Morningstar considers only KMR "undervalued" presently, giving it a four star rating.

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