Bruni J V Co Co Lowers stake in Kinder Morgan Inc (KMI)

Kinder Morgan Inc (KMI) : Bruni J V Co Co reduced its stake in Kinder Morgan Inc by 0.76% during the most recent quarter end. The investment management company now holds a total of 1,155,761 shares of Kinder Morgan Inc which is valued at $24,351,884 after selling 8,832 shares in Kinder Morgan Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Kinder Morgan Inc makes up approximately 4.57% of Bruni J V Co Co’s portfolio.

Other Hedge Funds, Including , Hayek Kallen Investment Management reduced its stake in KMI by selling 339 shares or 1.14% in the most recent quarter. The Hedge Fund company now holds 29,525 shares of KMI which is valued at $622,092. Kinder Morgan Inc makes up approx 0.44% of Hayek Kallen Investment Management’s portfolio.Oxbow Advisors reduced its stake in KMI by selling 56,430 shares or 16.28% in the most recent quarter. The Hedge Fund company now holds 290,182 shares of KMI which is valued at $5,841,364. Kinder Morgan Inc makes up approx 0.82% of Oxbow Advisors’s portfolio.Advocacy Wealth Management Services reduced its stake in KMI by selling 2,147 shares or 49.32% in the most recent quarter. The Hedge Fund company now holds 2,206 shares of KMI which is valued at $48,003. Kinder Morgan Inc makes up approx 0.02% of Advocacy Wealth Management Services’s portfolio.

Kinder Morgan Inc closed down -0.43 points or -1.89% at $22.28 with 1,06,09,926 shares getting traded on Friday. Post opening the session at $22.55, the shares hit an intraday low of $22.19 and an intraday high of $22.6 and the price fluctuated in this range throughout the day.Shares ended Friday 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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