Northeast Financial Consultants Inc Lowers stake in Kinder Morgan Inc (KMI)

Kinder Morgan Inc (KMI) : Northeast Financial Consultants Inc reduced its stake in Kinder Morgan Inc by 5.14% during the most recent quarter end. The investment management company now holds a total of 130,003 shares of Kinder Morgan Inc which is valued at $2,739,163 after selling 7,040 shares in Kinder Morgan Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Kinder Morgan Inc makes up approximately 1.22% of Northeast Financial Consultants Inc’s portfolio.

Other Hedge Funds, Including , Jefferies Group boosted its stake in KMI in the latest quarter, The investment management firm added 40,784 additional shares and now holds a total of 43,487 shares of Kinder Morgan Inc which is valued at $916,271. Kinder Morgan Inc makes up approx 0.03% of Jefferies Group’s portfolio.Alliancebernstein boosted its stake in KMI in the latest quarter, The investment management firm added 105,367 additional shares and now holds a total of 3,334,609 shares of Kinder Morgan Inc which is valued at $70,260,212. Kinder Morgan Inc makes up approx 0.06% of Alliancebernstein’s portfolio.Financial Engines Advisors L.l.c. boosted its stake in KMI in the latest quarter, The investment management firm added 5,741 additional shares and now holds a total of 251,045 shares of Kinder Morgan Inc which is valued at $5,289,518. Kinder Morgan Inc makes up approx 4.24% of Financial Engines Advisors L.l.c.’s portfolio.Albert D Mason Inc boosted its stake in KMI in the latest quarter, The investment management firm added 1,335 additional shares and now holds a total of 40,232 shares of Kinder Morgan Inc which is valued at $888,725. Kinder Morgan Inc makes up approx 0.54% of Albert D Mason 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.

Comments (0)

Leave a Reply

Your email address will not be published.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