Kinder Morgan, Inc. (NYSE:KMI) stock price target was dropped to $25 from $39 at Credit Suisse on Monday morning, after the company said it will consider whether to change its dividend policy.
On Friday, Kinder Morgan declared that its board will conduct a review of the dividend policy and financing plans to take measures to maintain its investment grade rating after Moody’s (MCO) downgraded the stock to “negative” from “stable.”
“We interpret this caveat as opening the door to a potential dividend reduction,” Credit Suisse said in an analysts note.
The energy infrastructure company is predictable to reduce its dividend by 50% to reduce its debt and cut the need to outside equity.
If Kinder Morgan decided to leave its dividend unchanged, “the company would remain dependent upon equity capital markets with uncertain timing as to the recovery,” analysts added.
Kinder Morgan, Inc. operates as an energy infrastructure and energy company in North America. The company operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; and natural gas liquids fractionation facilities and transportation systems.
General Electric Company (NYSE:GE) - Arterys Inc., declared the launch of the Arterys™ System, a revolutionary intelligence platform designed to significantly enhance standard medical imaging.
Its first application is in the cardiovascular space, enabling clinical visualization and accurate quantification of blood flow inside the human body. The seven-dimensional data (three in space, one in time, three in velocity direction) input quickly and easily to improve diagnoses in cardiac medicine.
The Arterys™ system was launched at the 101st Scientific Assembly and Annual Meeting of the Radiological Society of North America in Chicago, Illinois, as part of GE Healthcare’s (GE) ViosWorks, a new comprehensive cardiac solution that reduces magnetic resonance imaging (MRI) assessment to a fraction of the time of conventional cardiac scans. ViosWorks will provide 3D cardiac anatomy, function, and flow in one free-breathing, 10-minute scan with cloud-based, real-time processing of images at resolutions formerly unattainable.
Arterys™ is a cloud-based medical imaging, machine learning platform designed to deliver ultra-fast visualization and quantification with automatic analysis. The system received its CE Mark and market clearance from the U.S. Food and Drug Administration in March 2014.
Arterys Inc. opens medical imaging to the power of the cloud. Arterys developed 4D Flow technology, which generates precise measurements of blood flow noninvasively and non-radiatively anywhere in the body.
GE also declared it has terminated its agreement to sell its Appliances business to Electrolux and will now pursue other options to sell the Appliances business.
GE is entitled to a break-up fee of $175 million from Electrolux. The Appliances business is performing well and GE will continue to run the business while it pursues a sale.
General Electric Company operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment. Its Oil and Gas segment provides surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, reactors, industrial power generation, and auxiliary equipment. The company’s Energy Administration segments offers plant automation hardware, software, and embedded computing systems, counting controllers, embedded systems, advanced software, motion control, operator interfaces, and industrial computers.