Viking Fund Management Lowers stake in Kinder Morgan Inc (KMI)

Kinder Morgan Inc (KMI) : Viking Fund Management reduced its stake in Kinder Morgan Inc by 18.94% during the most recent quarter end. The investment management company now holds a total of 1,220,000 shares of Kinder Morgan Inc which is valued at $25,071,000 after selling 285,000 shares in Kinder Morgan Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Kinder Morgan Inc makes up approximately 4.03% of Viking Fund Management’s portfolio.

Other Hedge Funds, Including , Harbour Capital Advisors sold out all of its stake in KMI during the most recent quarter. The investment firm sold 14,791 shares of KMI which is valued $303,955.Legal General Group Plc boosted its stake in KMI in the latest quarter, The investment management firm added 409,405 additional shares and now holds a total of 9,713,749 shares of Kinder Morgan Inc which is valued at $202,240,254. Kinder Morgan Inc makes up approx 0.21% of Legal General Group Plc’s portfolio.Ronna Sue Cohen boosted its stake in KMI in the latest quarter, The investment management firm added 256 additional shares and now holds a total of 52,817 shares of Kinder Morgan Inc which is valued at $1,131,340. Kinder Morgan Inc makes up approx 0.86% of Ronna Sue Cohen’s portfolio. Harbour Capital Advisors sold out all of its stake in KMI during the most recent quarter. The investment firm sold 14,791 shares of KMI which is valued $331,023.

Kinder Morgan Inc closed down -0.6 points or -2.80% at $20.82 with 1,87,70,425 shares getting traded on Tuesday. Post opening the session at $21.35, the shares hit an intraday low of $20.79 and an intraday high of $21.38 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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