Atlantic Trust Group buys $195 Million stake in Kinder Morgan Inc (KMI)

Kinder Morgan Inc (KMI) : Atlantic Trust Group scooped up 2,346,766 additional shares in Kinder Morgan Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 11,380,687 shares of Kinder Morgan Inc which is valued at $195 Million.Kinder Morgan Inc makes up approximately 1.48% of Atlantic Trust Group’s portfolio.

Other Hedge Funds, Including , Mycio Wealth Partners boosted its stake in KMI in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 9,422 shares of Kinder Morgan Inc which is valued at $161,399. Kinder Morgan Inc makes up approx 0.03% of Mycio Wealth Partners’s portfolio. Choate Investment Advisors sold out all of its stake in KMI during the most recent quarter. The investment firm sold 11,948 shares of KMI which is valued $201,324.Bbva Compass Bancshares Inc reduced its stake in KMI by selling 3,503 shares or 19.25% in the most recent quarter. The Hedge Fund company now holds 14,692 shares of KMI which is valued at $247,560. Kinder Morgan Inc makes up approx 0.02% of Bbva Compass Bancshares Inc’s portfolio.Bryn Mawr Trust Co reduced its stake in KMI by selling 2,758 shares or 20.72% in the most recent quarter. The Hedge Fund company now holds 10,552 shares of KMI which is valued at $177,801. Kinder Morgan Inc makes up approx 0.01% of Bryn Mawr Trust Co’s portfolio.

Kinder Morgan Inc opened for trading at $17.34 and hit $17.4844 on the upside on Monday, eventually ending the session at $17.22, with a gain of 0.53% or 0.09 points. The heightened volatility saw the trading volume jump to 1,54,54,611 shares. Company has a market cap of $38,427 M.

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.

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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