Private Asset Management Inc buys $8.5 Million stake in Kinder Morgan Inc (KMI)

Kinder Morgan Inc (KMI) : Private Asset Management Inc scooped up 32 additional shares in Kinder Morgan Inc during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 480,446 shares of Kinder Morgan Inc which is valued at $8.5 Million.Kinder Morgan Inc makes up approximately 1.56% of Private Asset Management Inc’s portfolio.

Other Hedge Funds, Including , 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 $-0.29 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 closed down -0.15 points or -0.84% at $17.79 with 1,14,00,395 shares getting traded on Monday. Post opening the session at $18.02, the shares hit an intraday low of $17.78 and an intraday high of $18.13 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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