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Fundamental data is updated weekly, as of the prior weekend. Please download the Full Report and Dividend Report for any changes.
Jul 31, 2013
Amgen’s Second Quarter Doesn’t Disappoint
Amgen posted a solid second quarter, but we think shares look fairly valued.
Jul 2, 2013
Linn Energy: SEC Sees Smoke…Is There Fire?
SEC investigations don’t always end up in flames, but the other issues with Linn Energy are enough to keep us on the sidelines.
Jun 9, 2013
Valuentum’s Comprehensive Outlook for Crude Oil and Natural Gas Prices
Let’s take a deep dive into the energy sector. The best dividend growth ideas, the most likely takeout candidates and more...
Jan 2, 2013
Valuentum's January Edition of Its Dividend Growth Newsletter!
The January edition of our Dividend Growth Newsletter is now available.
Dec 7, 2012
Enbridge Capitalizes on Fantastic Shale Oil Growth
Enbridge remains on track to grow its dividend going forward. We like the firm’s dividend, but think its shares are fairly valued.
Mar 21, 2024
Latest Report Updates
Check out the latest report updates on the website.
Jan 4, 2024
4 Very Good Reasons Why We Don’t Like Dividends of Banking Stocks
Image: Bank Run in Michigan, USA, February 1933. Source: Public Domain. It’s sometimes easy to lose sight of the fragility of a banking firm’s business model. Let’s examine the reasons why we don’t like banking firms’ dividends. Reason #1: A Bank Run Is Always Possible. Reason #2: Others Have Tried to Invest in Bank Dividends and Have Failed. Reason #3: Cash Flow Is Not Meaningful at Banks. Reason #4: There Are Plenty of Other Options. Let's dig in.
Dec 20, 2023
Latest Report Updates
Check out the latest report updates on the website.
Oct 23, 2023
Kinder Morgan Now Covers Cash Dividends with Traditional Free Cash Flow
On October 18, Kinder Morgan reported third-quarter results that came in lower than expectations, but we’ve taken note of the company’s improved free cash flow generation that now runs in excess of its cash dividends paid, a huge change from a decade ago, where capital spending and cash dividends paid far outweighed its operating cash flow capacity. The company’s dividend stands at $1.13 per share on an annualized basis, and Kinder Morgan now has an forward estimated dividend yield of ~6.7%, which is quite attractive. Shares are trading meaningfully below our estimate of their intrinsic value, too, and we’re warming up to the company’s financials. Its net debt position likely precludes it from being added to any simulated newsletter portfolio at this time, however. Our $21 per-share fair value estimate remains unchanged.
Oct 3, 2023
We Like NextEra Energy’s ESG Focus But Capital Market Conditions Now Showing Cracks
Image Source: NextEra Energy. NextEra Energy operates a complex business structure, and the firm’s equity is facing pressure on news that its subsidiary NextEra Energy Partners is cutting its distribution per unit growth rate to the range of 5%-8% annually through 2026, which is materially below its prior expectations of growth in the 12%-15%. Since most partnerships are owned primarily for their distribution yields, the revision has sent units of NextEra Energy Partners tumbling, hurting its partner along the way. The news, while not tragic, wasn't very welcoming, and reading between the lines, it appears that we’re starting to see some cracks in the capital markets, as most partnerships are debt-heavy, relying on continuous, affordable access to the capital markets to fund and grow their operations (distributions), which isn’t guaranteed.


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