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    Inergy Midstream Partners Sports 7% Yield And Room For Growth

    Mon, 05/14/2012 - 15:52 EDT - Seeking Alpha
    • NRGM
    • NRGY
    • SPH
    • Tim Plaehn

    tim plaehnBy Tim Plaehn: Two weeks ago I discussed how Inergy L.P. (NRGY) was getting out of the propane business and the primary remaining asset would be the company's holdings in Inergy Midstream Partners (NRGM). A new announcement that Inergy was dropping some additional assets down into Inergy Midstream Partners seems to make it a good time to take a closer look at the relatively new midstream MLP company. Inergy Midstream Partners was spun off by Inergy via IPO in December 2011. The company has a current market cap of $1.5 billion. The initial dividend rate was set at 37 cents quarterly or $1.48 annually per share. At a share price just over $20, the dividend yield for Inergy Midstream Partners is 7.3% - near the top of the board for natural gas midstream MLP companies. The company owns four natural gas storage facilities in New York and Pennsylvania with a capacity of 41Complete Story »

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    Related

    • After The Transformation, Which Is Better: Inergy Or Inergy Midstream?

      By Tim Plaehn: For most of its existence, Inergy L.P. (NRGY) was known as a retail propane distribution company.

    • Whether The Inergy Midstream IPO Will Turn Things Around For The Company

      By Hinds Howard:This morning, Inergy L.P. (NRGY) filed its initial IPO registration form S-1 for its midstream subsidiary, Inergy Midstream, L.P. (will trade with ticker NRGM). The filing is for up to $300mm in gross proceeds.

    • Williams Partners Poised For Impressive Dividend Growth

      By Tim Plaehn: Williams Partners L.P. (WPZ) is aggressively expanding its pipeline and natural gas midstream footprint and that expansion is leading to attractive distribution growth for investors.

    • Inergy-Crestwood Merger Could Be Big Winner For Income Investors

      By Tim Plaehn: Last week - on May 6 - two relatively minor players in the natural gas midstream sector announced a merger that should result in a couple of midstream MLP investments with very attractive growth prospects.

    • IPO Preview: Inergy Midstream, L.P.

      By IPOdesktop: Based in Kansas City, Missouri, Inergy Midstream, L.P. (NRGM) scheduled a $320 million IPO with a market capitalization of $1.5 billion at a price range mid-point of $20 for Friday, December 16, 2011. 11 IPOs to raise $3.5 billion week of December 12, includes Zynga. See the full IPO calendar. SUMMARY &VALUATION

    • Inergy Going For Radical Shift In Its Business Model

      By Tim Plaehn: I had not taken a look at Inergy L.P. (NRGY) in a couple of years and when I started digging into the just released quarterly earnings report, I was in for a big surprise.

    • Williams Companies Midstream Focus Is Producing Supercharged Dividend Growth

      By Tim Plaehn: One of the best deals around concerning master limited partnerships is to hold general partner and incentive distribution rights on an MLP company that steadily increases its distributions. Williams Companies, Inc.

    • ONEOK Vs. ONEOK Partners For Yield And Dividend Growth

      By Tim Plaehn: For dividend investors, the ONEOK story should hold tremendous appeal. The two closely interrelated companies offer attractive dividend growth potential matched with competitive current dividend yields. The published expectations for 2013 provide some data for a side-by-side comparison.

    • ONEOK Partners Shooting For 20% Dividend Growth Per Year

      By Tim Plaehn: Of the 90 companies in the database of MLP stocks I track, only 9 of them have a market cap greater than $10 billion. The one large-cap company I tend to overlook and which really deserves investor attention is ONEOK Partners L.P. (OKS).

    • Western Gas Equity Partners: What Price To Pay For Dividend Growth?

      By Tim Plaehn: When I wrote about Western Gas Partners L.P.

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