Cheyne Capital Management (uk) Llp Lowers stake in Kinder Morgan Inc (KMI)

Kinder Morgan Inc (KMI) : Cheyne Capital Management (uk) Llp reduced its stake in Kinder Morgan Inc by 67.57% during the most recent quarter end. The investment management company now holds a total of 60,000 shares of Kinder Morgan Inc which is valued at $1,087,200 after selling 125,000 shares in Kinder Morgan Inc , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Kinder Morgan Inc makes up approximately 0.50% of Cheyne Capital Management (uk) Llp’s portfolio.

Kinder Morgan Inc closed down -0.04 points or -0.22% at $18.12 with 1,85,36,698 shares getting traded on Friday. Post opening the session at $18.28, the shares hit an intraday low of $18.06 and an intraday high of $18.41 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Sigma Planning Corp reduced its stake in KMI by selling 58,006 shares or 44.71% in the most recent quarter. The Hedge Fund company now holds 71,740 shares of KMI which is valued at $1,299,929. Kinder Morgan Inc makes up approx 0.18% of Sigma Planning Corp’s portfolio.Trust Co Of Toledo Na Oh reduced its stake in KMI by selling 17,753 shares or 60.69% in the most recent quarter. The Hedge Fund company now holds 11,497 shares of KMI which is valued at $208,786. Kinder Morgan Inc makes up approx 0.06% of Trust Co Of Toledo Na Oh’s portfolio.E&g Advisors Lp reduced its stake in KMI by selling 10,596 shares or 17.57% in the most recent quarter. The Hedge Fund company now holds 49,709 shares of KMI which is valued at $902,715. Kinder Morgan Inc makes up approx 0.59% of E&g Advisors Lp’s portfolio.Chevy Chase Trust Holdings boosted its stake in KMI in the latest quarter, The investment management firm added 34,015 additional shares and now holds a total of 1,585,592 shares of Kinder Morgan Inc which is valued at $28,207,682. Kinder Morgan Inc makes up approx 0.16% of Chevy Chase Trust Holdings’s portfolio. Curbstone Financial Management Corp added KMI to its portfolio by purchasing 23,310 company shares during the most recent quarter which is valued at $414,685. Kinder Morgan Inc makes up approx 0.14% of Curbstone Financial Management Corp’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.

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