Fayez Sarofim Co Lowers stake in Kinder Morgan Inc (KMI)

Kinder Morgan Inc (KMI) : Fayez Sarofim Co reduced its stake in Kinder Morgan Inc by 0.46% during the most recent quarter end. The investment management company now holds a total of 16,699,524 shares of Kinder Morgan Inc which is valued at $286.1 Million after selling 77,051 shares in Kinder Morgan Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Kinder Morgan Inc makes up approximately 1.63% of Fayez Sarofim Co’s portfolio.

Other Hedge Funds, Including , Salem Investment Counselors Inc reduced its stake in KMI by selling 1,410 shares or 11.55% in the most recent quarter. The Hedge Fund company now holds 10,798 shares of KMI which is valued at $184,970. Kinder Morgan Inc makes up approx 0.02% of Salem Investment Counselors Inc’s portfolio.Raymond James Associates reduced its stake in KMI by selling 95,555 shares or 9.91% in the most recent quarter. The Hedge Fund company now holds 868,582 shares of KMI which is valued at $14.9 Million. Kinder Morgan Inc makes up approx 0.05% of Raymond James Associates’s portfolio.Mitsubishi Ufj Trust Banking Corp boosted its stake in KMI in the latest quarter, The investment management firm added 152,285 additional shares and now holds a total of 3,977,938 shares of Kinder Morgan Inc which is valued at $68.1 Million. Kinder Morgan Inc makes up approx 0.15% of Mitsubishi Ufj Trust Banking Corp’s portfolio.Stockman Asset Management boosted its stake in KMI in the latest quarter, The investment management firm added 76 additional shares and now holds a total of 14,525 shares of Kinder Morgan Inc which is valued at $248,813. Kinder Morgan Inc makes up approx 0.20% of Stockman Asset Management’s portfolio.

Kinder Morgan Inc opened for trading at $17.49 and hit $17.95 on the upside on Wednesday, eventually ending the session at $17.84, with a gain of 3.00% or 0.52 points. The heightened volatility saw the trading volume jump to 1,26,44,395 shares. Company has a market cap of $39,811 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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