Maple-brown Abbott Ltd buys $29,523,385 stake in Kinder Morgan Inc (KMI)

Kinder Morgan Inc (KMI) : Maple-brown Abbott Ltd scooped up 907,139 additional shares in Kinder Morgan Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 1,418,030 shares of Kinder Morgan Inc which is valued at $29,523,385.Kinder Morgan Inc makes up approximately 6.67% of Maple-brown Abbott Ltd’s portfolio.

Other Hedge Funds, Including , Prospera Financial Services Inc reduced its stake in KMI by selling 3,987 shares or 15.98% in the most recent quarter. The Hedge Fund company now holds 20,968 shares of KMI which is valued at $436,554. Kinder Morgan Inc makes up approx 0.09% of Prospera Financial Services Inc’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in KMI by selling 129,156 shares or 40.68% in the most recent quarter. The Hedge Fund company now holds 188,332 shares of KMI which is valued at $4,034,071. Kinder Morgan Inc makes up approx 0.09% of Oregon Public Employees Retirement Fund’s portfolio. Pure Financial Advisors added KMI to its portfolio by purchasing 8,772 company shares during the most recent quarter which is valued at $190,177. Kinder Morgan Inc makes up approx 0.06% of Pure Financial Advisors’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in KMI by selling 331,714 shares or 37.99% in the most recent quarter. The Hedge Fund company now holds 541,389 shares of KMI which is valued at $12,116,286. Kinder Morgan Inc makes up approx 0.05% of Bnp Paribas Arbitrage Sa’s portfolio.

Kinder Morgan Inc closed down -0.6 points or -2.80% at $20.82 with 1,87,70,425 shares getting traded on Tuesday. Post opening the session at $21.35, the shares hit an intraday low of $20.79 and an intraday high of $21.38 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. Stifel Downgraded Kinder Morgan Inc on Oct 4, 2016 to ” Hold”, Price Target of the shares are set at $24.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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