The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipelines and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; NGLs fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.
The Products Pipelines segment owns and operates refined petroleum products and crude oil and condensate pipelines, as well as associated product terminals and petroleum pipeline transmix facilities.
The Terminals segment owns or operates liquids and bulk terminals that store and handle various commodities, including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke. It also owns tankers.
The CO2 segment produces, transports and markets CO2 to recover and produce crude oil from mature oil fields, and it owns interests in or operates oil fields and gasoline processing plants, as well as operates a crude oil pipeline system in West Texas. It owns and operates approximately 83,000 miles of pipelines and 144 terminals.
Shareholders receive a 6.92% dividend. Kinder Morgan stock has a $22 price objective at Bernstein. That tops the $20.33 consensus target and Tuesday’s closing print of $16.80.
Simon Property
Shares of this leading company have been pounded and are offering the best entry point since last year, and it is a strong idea for investors looking to play the commercial real estate subsector. Simon Property Group Inc. (NYSE: SPG) invests in real estate markets across the globe, engaging in investment, ownership, management and development of properties. The company primarily invests in regional malls, premium outlets, mills and community/lifestyle centers to create its portfolio.
Through its subsidiary partnership, Simon Property owns or has an interest in about 230 properties in the United States and Asia. The company also has a 28.9% interest in Klepierre, a European real estate investment trust with over 260 shopping centers in 13 countries.
Investors receive a 6.66% distribution. The Goldman Sachs price target is $150. The consensus target is $130.43. On Tuesday, Simon Property stock closed at $113.07.
These seven top companies have incredible cash flow, their shares are trading well below their 52-week highs, and all are well positioned for the second half of this year. While maybe not as exciting as AI leaders or other technology giants, these companies have paid dependable dividends for years, so even if the price movement is slow, investors can still count on getting paid four times a year.
Originally published at 24/7 Wall St.
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