Kinder Morgan Inc (KMI) : Mechanics Bank Trust Department reduced its stake in Kinder Morgan Inc by 15.79% during the most recent quarter end. The investment management company now holds a total of 58,752 shares of Kinder Morgan Inc which is valued at $1,064,586 after selling 11,014 shares in Kinder Morgan Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Kinder Morgan Inc makes up approximately 0.41% of Mechanics Bank Trust Department’s portfolio.
Kinder Morgan Inc opened for trading at $18.06 and hit $18.68 on the upside on Wednesday, eventually ending the session at $18.29, with a gain of 2.18% or 0.39 points. The heightened volatility saw the trading volume jump to 2,08,35,250 shares. Company has a market cap of $40,815 M.
Other Hedge Funds, Including , Shikiar Asset Management Inc boosted its stake in KMI in the latest quarter, The investment management firm added 12,370 additional shares and now holds a total of 52,826 shares of Kinder Morgan Inc which is valued at $957,207. Kinder Morgan Inc makes up approx 0.44% of Shikiar Asset Management Inc’s portfolio.Dearborn Partners reduced its stake in KMI by selling 13,431 shares or 30.22% in the most recent quarter. The Hedge Fund company now holds 31,019 shares of KMI which is valued at $562,064. Kinder Morgan Inc makes up approx 0.05% of Dearborn Partners’s portfolio.Lucas Capital Management reduced its stake in KMI by selling 3,408 shares or 14.05% in the most recent quarter. The Hedge Fund company now holds 20,847 shares of KMI which is valued at $377,748. Kinder Morgan Inc makes up approx 0.26% of Lucas Capital Management’s portfolio.Eastern Bank reduced its stake in KMI by selling 8,033 shares or 38.26% in the most recent quarter. The Hedge Fund company now holds 12,961 shares of KMI which is valued at $235,372. Kinder Morgan Inc makes up approx 0.02% of Eastern Bank’s portfolio.
On the company’s financial health, Kinder Morgan Inc reported $0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $0.18. The company had revenue of $3195.00 million for the quarter, compared to analysts expectations of $3755.98 million. The company’s revenue was down -11.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.58 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.