Viking Fund Management Lowers stake in Kinder Morgan Inc (KMI)

Kinder Morgan Inc (KMI) : Viking Fund Management reduced its stake in Kinder Morgan Inc by 4.75% during the most recent quarter end. The investment management company now holds a total of 1,505,000 shares of Kinder Morgan Inc which is valued at $27,330,800 after selling 75,000 shares in Kinder Morgan Inc , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.Kinder Morgan Inc makes up approximately 5.18% of Viking Fund Management’s portfolio.

Kinder Morgan Inc closed down -0.34 points or -1.84% at $18.16 with 1,40,91,397 shares getting traded on Friday. Post opening the session at $18.29, the shares hit an intraday low of $18.06 and an intraday high of $18.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Gofen Glossberg Il boosted its stake in KMI in the latest quarter, The investment management firm added 5,279 additional shares and now holds a total of 30,969 shares of Kinder Morgan Inc which is valued at $562,397. Kinder Morgan Inc makes up approx 0.02% of Gofen Glossberg Il’s portfolio.Mai Capital Management reduced its stake in KMI by selling 3,739 shares or 9.37% in the most recent quarter. The Hedge Fund company now holds 36,171 shares of KMI which is valued at $643,482. Kinder Morgan Inc makes up approx 0.05% of Mai Capital Management’s portfolio.Lgt Capital Partners Ltd. boosted its stake in KMI in the latest quarter, The investment management firm added 67,000 additional shares and now holds a total of 200,000 shares of Kinder Morgan Inc which is valued at $3,558,000. Kinder Morgan Inc makes up approx 0.64% of Lgt Capital Partners Ltd.’s portfolio. Kessler Investment Group added KMI to its portfolio by purchasing 67,541 company shares during the most recent quarter which is valued at $1,201,554. Kinder Morgan Inc makes up approx 1.81% of Kessler Investment Group’s portfolio. Indiana Trust Investment Management Co sold out all of its stake in KMI during the most recent quarter. The investment firm sold 8,912 shares of KMI which is valued $158,544.

On the company’s financial health, Kinder Morgan Inc reported $-0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.47 based on the information available during the earnings call on Jan 20, 2016. Analyst had a consensus of $0.18. The company had revenue of $3636.00 million for the quarter, compared to analysts expectations of $3908.51 million. The company’s revenue was down -8.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on Kinder Morgan Inc. Company shares were Reiterated by UBS on Mar 18, 2016 to “Buy”, Firm has raised the Price Target to $ 21 from a previous price target of $18 .Kinder Morgan Inc was Downgraded by Credit Suisse to ” Neutral” on Mar 17, 2016. Company shares were Reiterated by RBC Capital Mkts on Jan 29, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 17 from a previous price target of $15 .

Kinder Morgan Inc. (KMI) is an energy infrastructure and energy company in North America. The Company operates through six segments: Natural Gas Pipelines CO2 Terminals Products Pipelines Kinder Morgan Canada and Other. The Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals. The CO2 business segment produces transports and markets CO2. The Terminals segment includes the operations of its petroleum chemical ethanol and other liquids terminal facilities and all of its coal petroleum coke fertilizer steel ores and other dry-bulk material services facilities. The Products Pipelines segment consists of refined petroleum products crude oil and condensate and NGL pipelines and associated terminals Southeast terminals and its transmix processing facilities. The Kinder Morgan Canada segment includes its 100% owned and operated Trans Mountain pipeline system and a 25-mile Jet Fuel pipeline system.

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