Wexford Capital Lp adds Kinder Morgan Inc (KMI) to its portfolio

Kinder Morgan Inc (KMI) : Wexford Capital Lp added new position in Kinder Morgan Inc during the most recent quarter end. The investment management firm now holds 1,104,397 shares of Kinder Morgan Inc which is valued at $23,269,645 , the company said in a statement filed on Aug 12, 2016 with the SEC.Kinder Morgan Inc makes up approximately 3.85% of Wexford Capital Lp’s portfolio.

Other Hedge Funds, Including , Bluestein R H Co reduced its stake in KMI by selling 758,250 shares or 98.48% in the most recent quarter. The Hedge Fund company now holds 11,700 shares of KMI which is valued at $246,519. Kinder Morgan Inc makes up approx 0.02% of Bluestein R H Co’s portfolio. Ruggie Capital Group added KMI to its portfolio by purchasing 712 company shares during the most recent quarter which is valued at $15,002. Kinder Morgan Inc makes up approx 0.01% of Ruggie Capital Group’s portfolio.Samsung Asset Management (new York) reduced its stake in KMI by selling 27,930 shares or 49.0% in the most recent quarter. The Hedge Fund company now holds 29,070 shares of KMI which is valued at $604,075. Kinder Morgan Inc makes up approx 0.44% of Samsung Asset Management (new York)’s portfolio.Bank Of The West boosted its stake in KMI in the latest quarter, The investment management firm added 49,099 additional shares and now holds a total of 132,575 shares of Kinder Morgan Inc which is valued at $2,699,227. Kinder Morgan Inc makes up approx 0.37% of Bank Of The West’s portfolio.Wedbush Securities Inc reduced its stake in KMI by selling 598 shares or 1.11% in the most recent quarter. The Hedge Fund company now holds 53,154 shares of KMI which is valued at $1,069,990. Kinder Morgan Inc makes up approx 0.17% of Wedbush Securities Inc’s portfolio.

Kinder Morgan Inc opened for trading at $21.39 and hit $21.8 on the upside on Monday, eventually ending the session at $21.77, with a gain of 1.40% or 0.3 points. The heightened volatility saw the trading volume jump to 1,02,25,439 shares. Company has a market cap of $48,598 M.

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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