Kinder Morgan Inc (KMI) was Upgraded by Morgan Stanley to ” Overweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Aug 18, 2016.
On the company’s financial health, Kinder Morgan Inc reported $0.15 EPS for the quarter, based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus estimate of $0.15. The company had revenue of $3144.00 million for the quarter, compared to analysts expectations of $3376.36 million. The company’s revenue was down -9.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.
Kinder Morgan Inc closed down -0.03 points or -0.14% at $21.75 with 1,61,58,406 shares getting traded on Wednesday. Post opening the session at $21.7, the shares hit an intraday low of $21.4601 and an intraday high of $21.97 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Feb 2, 2016, Dax Sanders (V.P. Corporate Development) purchased 3,000 shares at $15.32 per share price. According to the SEC, on Jan 27, 2016, Michael C Morgan (director) purchased 180,000 shares at $14.20 per share price. On Nov 23, 2015, Ronald G. Mcclain (V.P. (Pres.Products Pipelines) purchased 2,500 shares at $22.82 per share price, according to the Form-4 filing with the securities and exchange commission.
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.