Fort Pitt Capital Group Lowers stake in Kinder Morgan Inc (KMI)

Kinder Morgan Inc (KMI) : Fort Pitt Capital Group reduced its stake in Kinder Morgan Inc by 0.27% during the most recent quarter end. The investment management company now holds a total of 199,422 shares of Kinder Morgan Inc which is valued at $4,014,365 after selling 549 shares in Kinder Morgan Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Kinder Morgan Inc makes up approximately 0.48% of Fort Pitt Capital Group’s portfolio.

Other Hedge Funds, Including , Ngam Advisors boosted its stake in KMI in the latest quarter, The investment management firm added 184 additional shares and now holds a total of 27,744 shares of Kinder Morgan Inc which is valued at $558,487. Kinder Morgan Inc makes up approx 0.01% of Ngam Advisors’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.Private Asset Management Inc boosted its stake in KMI in the latest quarter, The investment management firm added 25,667 additional shares and now holds a total of 506,113 shares of Kinder Morgan Inc which is valued at $9,383,335. Kinder Morgan Inc makes up approx 1.64% of Private Asset Management Inc’s portfolio.

Kinder Morgan Inc closed down -0.01 points or -0.05% at $20.12 with 95,46,864 shares getting traded on Thursday. Post opening the session at $20.07, the shares hit an intraday low of $19.85 and an intraday high of $20.25 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.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *