Gorman pledged on Monday that finding a successor to CEO Bob Iger is a "critical priority."
Several big banks reported earnings during the week of October 14, 2024, and signals were largely positive. Morgan Stanley NYSE: MS, the 6th-largest financial institution in the U.S., was among the banks to reveal better-than-expected earnings results.
Kinder Morgan (KMI) stock price is firing on all cylinders. It has risen in the last nine consecutive months, moving to its highest point on record.
JP Morgan has maintained its positive outlook on the publisher Future PLC (LSE:FUTR), setting a price target of 1,296 pence per share, despite the recent sudden announcement of the departure of chief executive Jon Steinberg. His exit plan has raised concerns about the company's future direction, as investors saw a sharp 19% drop in share price after the announcement.
The company should be a big natural gas winner.
Benjamin Swinburne, Morgan Stanley analyst, joins 'Money Movers' to discuss Netflix's quarterly earnings results, why the firm is reaffirming its price target on Netflix, and what gives the firm this confidence in Netflix.
Kinder Morgan boasts a vast midstream portfolio, moving 40% of U.S. natural gas and holding significant storage and pipeline assets, ensuring strong shareholder returns. The company's financial health is robust, with a 17% YoY EPS increase, a 2% dividend hike, and a comfortable debt-to-EBITDA ratio under 4x. With a 5% dividend yield and $5.2 billion in committed projects, KMI is well-positioned for long-term growth and shareholder value.
Kinder Morgan (KMI) reported earnings after the bell on Wednesday, highlighting growth opportunities in natural gas. Kinder Morgan reaffirmed that expected natural gas demand growth will have a substantial positive impact on the company.
Morgan Stanley MS stock received price target increases from analysts after beating Street estimates and showing strength across multiple company segments in third-quarter financial results.
Elevance Health, Inc. (NYSE:ELV ) Q3 2024 Results Conference Call October 17, 2024 8:30 AM ET Company Participants Steve Tanal - Vice President of Investor Relations Gail Boudreaux - President and CEO Mark Kaye - CFO Pete Haytaian - President, Carelon Morgan Kendrick - President, Commercial Health Benefits Felicia Norwood - President, Government Health Benefits Conference Call Participants A.J. Rice - UBS Stephen Baxter - Wells Fargo Ben Hendrix - RBC Capital Markets Ann Hynes - Mizuho Erin Wright - Morgan Stanley Justin Lake - Wolfe Research Lisa Gill - JPMorgan Lance Wilkes - Bernstein Josh Raskin - Nephron Research Michael Hall - Baird Ryan Langston - Cowen Scott Fidel - Stephens Whit Mayo - Leerink Partners Sarah James - Cantor Fitzgerald Dave Windley - Jefferies Joanna Gajuk - Bank of America George Hill - Deutsche Bank Operator Ladies and gentlemen, thank you for standing by, and welcome to the Elevance Health Third Quarter Earnings Conference Call.
Natural gas has become the dominant power source in the US, with Kinder Morgan benefiting from stable production and higher export demand. KMI's stock price has risen 40% this year, outperforming its peers, but its forward dividend yield has compressed to 4.6%, well below its 6-7% yielding peers. KMI is more of a dividend aristocrat than a growth company. It has limited growth potential and more focus on dividend stability and cash flow.
KMI Q3 earnings get affected by decreased financial contributions from two segments. However, this is partially offset by lower total costs and expenses.