Evanson Asset Management Lowers stake in Kinder Morgan Inc (KMI)

Kinder Morgan Inc (KMI) : Evanson Asset Management reduced its stake in Kinder Morgan Inc by 5.57% during the most recent quarter end. The investment management company now holds a total of 97,568 shares of Kinder Morgan Inc which is valued at $2,155,277 after selling 5,759 shares in Kinder Morgan Inc , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Kinder Morgan Inc makes up approximately 0.63% of Evanson Asset Management’s portfolio.

Other Hedge Funds, Including , Adams Asset Advisors boosted its stake in KMI in the latest quarter, The investment management firm added 13,578 additional shares and now holds a total of 59,198 shares of Kinder Morgan Inc which is valued at $1,307,684. Kinder Morgan Inc makes up approx 0.22% of Adams Asset Advisors’s portfolio. Cedar Hill Associates sold out all of its stake in KMI during the most recent quarter. The investment firm sold 80,257 shares of KMI which is valued $1,746,392.Atria Investments boosted its stake in KMI in the latest quarter, The investment management firm added 9,162 additional shares and now holds a total of 35,026 shares of Kinder Morgan Inc which is valued at $707,875. Kinder Morgan Inc makes up approx 0.07% of Atria Investments’s portfolio.American National Bank boosted its stake in KMI in the latest quarter, The investment management firm added 99,234 additional shares and now holds a total of 102,777 shares of Kinder Morgan Inc which is valued at $1,905,486. Kinder Morgan Inc makes up approx 0.70% of American National Bank’s portfolio.Laurel Wealth Advisors reduced its stake in KMI by selling 2,224 shares or 4.02% in the most recent quarter. The Hedge Fund company now holds 53,136 shares of KMI which is valued at $985,141. Kinder Morgan Inc makes up approx 0.48% of Laurel Wealth Advisors’s portfolio.

Kinder Morgan Inc opened for trading at $21.81 and hit $22.31 on the upside on Wednesday, eventually ending the session at $22.09, with a gain of 0.68% or 0.15 points. The heightened volatility saw the trading volume jump to 2,76,02,877 shares. Company has a market cap of $49,295 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.

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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