Wilbanks Smith Thomas Asset Management Lowers stake in Kinder Morgan Inc (KMI)

Kinder Morgan Inc (KMI) : Wilbanks Smith Thomas Asset Management reduced its stake in Kinder Morgan Inc by 1.76% during the most recent quarter end. The investment management company now holds a total of 177,700 shares of Kinder Morgan Inc which is valued at $3,744,139 after selling 3,185 shares in Kinder Morgan Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Kinder Morgan Inc makes up approximately 0.37% of Wilbanks Smith Thomas Asset Management’s portfolio.

Other Hedge Funds, Including , Cetera Advisor Networks reduced its stake in KMI by selling 90,018 shares or 52.53% in the most recent quarter. The Hedge Fund company now holds 81,349 shares of KMI which is valued at $1,714,023. Kinder Morgan Inc makes up approx 0.10% of Cetera Advisor Networks’s portfolio.Glenmede Trust Co Na boosted its stake in KMI in the latest quarter, The investment management firm added 208,695 additional shares and now holds a total of 489,724 shares of Kinder Morgan Inc which is valued at $9,970,781. Kinder Morgan Inc makes up approx 0.06% of Glenmede Trust Co Na’s portfolio.Hyman Charles D boosted its stake in KMI in the latest quarter, The investment management firm added 15,800 additional shares and now holds a total of 116,888 shares of Kinder Morgan Inc which is valued at $2,379,840. Kinder Morgan Inc makes up approx 0.35% of Hyman Charles D’s portfolio.Boston Private Wealth reduced its stake in KMI by selling 2,439 shares or 18.16% in the most recent quarter. The Hedge Fund company now holds 10,991 shares of KMI which is valued at $221,249. Kinder Morgan Inc makes up approx 0.01% of Boston Private Wealth’s portfolio.

Kinder Morgan Inc opened for trading at $21.96 and hit $22.32 on the upside on Tuesday, eventually ending the session at $22.09, with a gain of 0.78% or 0.17 points. The heightened volatility saw the trading volume jump to 1,31,64,839 shares. Company has a market cap of $49,312 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.

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