Lincoln Capital Exits Position in Kinder Morgan Inc (KMI)

Kinder Morgan Inc (KMI) : Lincoln Capital has sold out all of its stake in Kinder Morgan Inc during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 136,188 shares of Kinder Morgan Inc which is valued at $2,741,464.

Other Hedge Funds, Including , Nj State Employees Deferred Compensation Plan boosted its stake in KMI in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 17,265 shares of Kinder Morgan Inc which is valued at $347,544. Kinder Morgan Inc makes up approx 0.07% of Nj State Employees Deferred Compensation Plan’s portfolio. Glenview State Bank Trust Dept. sold out all of its stake in KMI during the most recent quarter. The investment firm sold 10,736 shares of KMI which is valued $218,263. Cheyne Capital Management (uk) Llp sold out all of its stake in KMI during the most recent quarter. The investment firm sold 60,000 shares of KMI which is valued $1,215,000.Cordasco Financial Network reduced its stake in KMI by selling 100 shares or 29.15% in the most recent quarter. The Hedge Fund company now holds 243 shares of KMI which is valued at $4,921. Kinder Morgan Inc makes up approx 0.01% of Cordasco Financial Network’s portfolio.Carl Domino Inc reduced its stake in KMI by selling 1,329 shares or 1.51% in the most recent quarter. The Hedge Fund company now holds 86,636 shares of KMI which is valued at $1,606,231. Kinder Morgan Inc makes up approx 1.48% of Carl Domino Inc’s portfolio.

Kinder Morgan Inc opened for trading at $20.52 and hit $21 on the upside on Monday, eventually ending the session at $20.78, with a gain of 2.06% or 0.42 points. The heightened volatility saw the trading volume jump to 1,05,46,487 shares. Company has a market cap of $46,388 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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