Spirit Of America Management Corpny buys $10,236,886 stake in Kinder Morgan Inc (KMI)

Kinder Morgan Inc (KMI) : Spirit Of America Management Corpny scooped up 161,820 additional shares in Kinder Morgan Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 502,794 shares of Kinder Morgan Inc which is valued at $10,236,886.Kinder Morgan Inc makes up approximately 1.36% of Spirit Of America Management Corpny’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in KMI in the latest quarter, The investment management firm added 105,701 additional shares and now holds a total of 1,352,412 shares of Kinder Morgan Inc which is valued at $27,535,108. Kinder Morgan Inc makes up approx 0.22% of National Pension Service’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in KMI in the latest quarter, The investment management firm added 13,600 additional shares and now holds a total of 582,842 shares of Kinder Morgan Inc which is valued at $11,977,403. Kinder Morgan Inc makes up approx 0.20% of Gulf International Bank (uk) Ltd’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in KMI in the latest quarter, The investment management firm added 16,529 additional shares and now holds a total of 490,193 shares of Kinder Morgan Inc which is valued at $10,627,384. Kinder Morgan Inc makes up approx 0.22% of Exxonmobil Investment Management Inc Tx’s portfolio.

Kinder Morgan Inc closed down -0.19 points or -0.92% at $20.36 with 1,56,61,846 shares getting traded on Friday. Post opening the session at $20.82, the shares hit an intraday low of $20.36 and an intraday high of $21.06 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. Stifel Downgraded Kinder Morgan Inc on Oct 4, 2016 to ” Hold”, Price Target of the shares are set at $24.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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