Penn Davis Mcfarland Inc Lowers stake in Kinder Morgan Inc (KMI)

Kinder Morgan Inc (KMI) : Penn Davis Mcfarland Inc reduced its stake in Kinder Morgan Inc by 3.59% during the most recent quarter end. The investment management company now holds a total of 1,172,093 shares of Kinder Morgan Inc which is valued at $25,504,744 after selling 43,594 shares in Kinder Morgan Inc , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Kinder Morgan Inc makes up approximately 6.71% of Penn Davis Mcfarland Inc’s portfolio.

Other Hedge Funds, Including , Visionary Asset Management boosted its stake in KMI in the latest quarter, The investment management firm added 5,950 additional shares and now holds a total of 140,730 shares of Kinder Morgan Inc which is valued at $3,062,285. Kinder Morgan Inc makes up approx 1.06% of Visionary Asset Management’s portfolio.Grassi Investment Management boosted its stake in KMI in the latest quarter, The investment management firm added 8 additional shares and now holds a total of 26,103 shares of Kinder Morgan Inc which is valued at $527,542. Kinder Morgan Inc makes up approx 0.10% of Grassi Investment Management’s portfolio.Patten Patten Inctn reduced its stake in KMI by selling 33,473 shares or 41.98% in the most recent quarter. The Hedge Fund company now holds 46,254 shares of KMI which is valued at $857,549. Kinder Morgan Inc makes up approx 0.12% of Patten Patten Inctn’s portfolio.Deane Retirement Strategies reduced its stake in KMI by selling 3,066 shares or 2.65% in the most recent quarter. The Hedge Fund company now holds 112,789 shares of KMI which is valued at $2,062,911. Kinder Morgan Inc makes up approx 1.86% of Deane Retirement Strategies’s portfolio.

Kinder Morgan Inc opened for trading at $21 and hit $21.9 on the upside on Monday, eventually ending the session at $21.76, with a gain of 3.47% or 0.73 points. The heightened volatility saw the trading volume jump to 2,57,48,050 shares. Company has a market cap of $48,559 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.

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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