Select Asset Management Trust Exits Position in Kinder Morgan Inc (KMI)

Kinder Morgan Inc (KMI) : Select Asset Management Trust has sold out all of its stake in Kinder Morgan Inc during the most recent quarter, according to the disclosure filed by the company on May 11, 2016 with the SEC. The investment management company has sold out 25,000 shares of Kinder Morgan Inc which is valued at $428,250.

Other Hedge Funds, Including , Walter Keenan Financial Consulting Co Mi Adv reduced its stake in KMI by selling 24,737 shares or 43.75% in the most recent quarter. The Hedge Fund company now holds 31,808 shares of KMI which is valued at $544,871. Kinder Morgan Inc makes up approx 0.16% of Walter Keenan Financial Consulting Co Mi Adv’s portfolio. Engineers Gate Manager Lp added KMI to its portfolio by purchasing 305,373 company shares during the most recent quarter which is valued at $5.2 Million. Kinder Morgan Inc makes up approx 0.42% of Engineers Gate Manager Lp’s portfolio.Diam Ltd. boosted its stake in KMI in the latest quarter, The investment management firm added 13,841 additional shares and now holds a total of 188,434 shares of Kinder Morgan Inc which is valued at $3.2 Million. Kinder Morgan Inc makes up approx 0.05% of Diam Ltd.’s portfolio.Rhumbline Advisers boosted its stake in KMI in the latest quarter, The investment management firm added 151,097 additional shares and now holds a total of 2,505,751 shares of Kinder Morgan Inc which is valued at $42.2 Million. Kinder Morgan Inc makes up approx 0.13% of Rhumbline Advisers’s portfolio. Arcadia Investment Management Corpmi added KMI to its portfolio by purchasing 178 company shares during the most recent quarter which is valued at $3,161.

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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