On Friday, the US Dollar Index started the day with a weaker sentiment. It traded with weakness in the early hours on July 21.
Kinder Morgan’s (KMI) Natural Gas Pipelines segment—its largest segment—reported a 6% YoY (year-over-year) drop in its 2Q17 EBDA.
Kinder Morgan (KMI) reported net income of $337 million for 2Q17. Its net income included a $26 million legal settlement received in 2Q17.
Kinder Morgan (KMI) announced its 2Q17 results on July 19, 2017, after the markets closed. The company reported EPS (earnings per share) of $0.15 for 2Q17.
For Williams Companies (WMB), 74% of the analysts rate it as a “buy” as of July 18, 2017, while the remaining 26.0% rate it as a “hold.”
Williams Companies’ forward EV-to-EBITDA multiple was 11.7x as of July 18, 2017—below the historical five-year average of 13.2x.
Williams Companies is expected to trade at $30.27–$32.23 in the coming days based on its closing price of $31.15 on July 18.
Williams Companies (WMB) has been outperforming the Alerian MLP ETF (AMLP) and the SPDR S&P 500 ETF (SPY) (SPX-INDEX) since the beginning of July.
In its July 2017 monetary policy statement on July 20, 2017, the Bank of Japan reported that it had left interest rates unchanged at -0.1%.
Energy Transfer Equity (ETE) was trading at a price-to-distributable cash flow of 18.2x as of July 18, 2017.
Stifel recently initiated coverage on Energy Transfer Equity (ETE) with a “buy” rating.
Energy Transfer Equity’s 30-day implied volatility was 32.8% as of July 18, 2017.
Energy Transfer Equity (ETE) was trading 3.5% above its 50-day SMA (simple moving average) and 1.3% above its 200-day SMA as of July 18.
Energy Transfer Equity (ETE) had a sluggish start to the month. It has risen 0.2% since the beginning of July.
AMT’s current price-to-FFO ratio stands at 20.06x. The company has undertaken several acquisitions and strategic partnerships to boost its presence in high-demand geographies.
American Tower has paid dividends to its shareholders in every quarter since it became a public company. On June 1, AMT hiked its quarterly dividend by 3.2%.
Several recent issues have led to apprehension regarding M&A (mergers and acquisitions) activity in the telecommunications industry over the next few months.
According to Wall Street analysts, American Tower (AMT) is expected to report EBITDA (earnings before income tax, depreciation, and amortization) of $1 billion in 2Q17.
Wireless tower owner American Tower (AMT) is expected to post flat year-over-year (or YoY) top and bottom line results when it releases its 2Q17 earnings on July 27, 2017.
Analysts expect wireless tower operator American Tower (AMT) to report revenue of $1.6 billion in its 2Q17 earnings call on July 27, 2017.