Tph Asset Management buys $32,456,270 stake in Kinder Morgan Inc (KMI)

Kinder Morgan Inc (KMI) : Tph Asset Management scooped up 913,008 additional shares in Kinder Morgan Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,540,402 shares of Kinder Morgan Inc which is valued at $32,456,270.Kinder Morgan Inc makes up approximately 3.12% of Tph Asset Management’s portfolio.

Other Hedge Funds, Including , Rpg Family Wealth Advisory sold out all of its stake in KMI during the most recent quarter. The investment firm sold 2,035 shares of KMI which is valued $42,877.Bokf Na reduced its stake in KMI by selling 6,817 shares or 12.39% in the most recent quarter. The Hedge Fund company now holds 48,218 shares of KMI which is valued at $1,015,953. Kinder Morgan Inc makes up approx 0.03% of Bokf Na’s portfolio. Hedeker Wealth added KMI to its portfolio by purchasing 20,982 company shares during the most recent quarter which is valued at $426,564. Kinder Morgan Inc makes up approx 0.36% of Hedeker Wealth’s portfolio.Wagner Bowman Management Corp reduced its stake in KMI by selling 2,433 shares or 15.62% in the most recent quarter. The Hedge Fund company now holds 13,141 shares of KMI which is valued at $266,105. Kinder Morgan Inc makes up approx 0.10% of Wagner Bowman Management Corp’s portfolio.Oakbrook Investments boosted its stake in KMI in the latest quarter, The investment management firm added 20,550 additional shares and now holds a total of 127,957 shares of Kinder Morgan Inc which is valued at $2,715,248. Kinder Morgan Inc makes up approx 0.15% of Oakbrook Investments’s portfolio.

Kinder Morgan Inc closed down -0.24 points or -1.10% at $21.61 with 1,24,42,338 shares getting traded on Thursday. Post opening the session at $21.76, the shares hit an intraday low of $21.305 and an intraday high of $21.79 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

Many Wall Street Analysts have commented on Kinder Morgan Inc. Kinder Morgan Inc was Upgraded by Morgan Stanley to ” Overweight” on Aug 18, 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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