Commonwealth Bank Of Australia Has Decreased Its Stake in Kinder Morgan INC (KMI) by $24.68 Million

July 18, 2017 - By Nellie Frank

Investors sentiment decreased to 0.94 in 2016 Q4. Its down 0.06, from 1 in 2016Q3. It worsened, as 86 investors sold KMI shares while 357 reduced holdings. 106 funds opened positions while 309 raised stakes. 1.22 billion shares or 2.82% more from 1.18 billion shares in 2016Q3 were reported. Ingalls Snyder Ltd Liability Corporation invested in 0.14% or 122,423 shares. Papp L Roy & Associate has 0.06% invested in Kinder Morgan Inc (NYSE:KMI). Moreover, Oak Ridge Investments has 0.02% invested in Kinder Morgan Inc (NYSE:KMI). The Massachusetts-based Boston Private Wealth Ltd Liability has invested 0.01% in Kinder Morgan Inc (NYSE:KMI). Peoples Financial, a Pennsylvania-based fund reported 219 shares. Gemmer Asset Mgmt Ltd Com invested in 0.01% or 1,418 shares. Tfs Capital Ltd Liability Com reported 22,588 shares. Elkhorn Prtnrs Partnership holds 0.35% or 27,600 shares. Natl Bank Of New York Mellon Corp has 20.47 million shares for 0.12% of their portfolio. Sun Life Financial Inc owns 21 shares for 0% of their portfolio. Franklin Street Advsr Incorporated Nc holds 0.31% of its portfolio in Kinder Morgan Inc (NYSE:KMI) for 83,726 shares. Edgemoor Advisors reported 340,975 shares. Blair William Communication Il holds 0.22% in Kinder Morgan Inc (NYSE:KMI) or 1.18M shares. Moreover, Gotham Asset Mgmt Lc has 0.36% invested in Kinder Morgan Inc (NYSE:KMI) for 1.35 million shares. Polar Asset Management Ptnrs invested in 25,000 shares.

Commonwealth Bank Of Australia decreased its stake in Kinder Morgan Inc (KMI) by 10.77% based on its latest 2016Q4 regulatory filing with the SEC. Commonwealth Bank Of Australia sold 1.23 million shares as the company’s stock declined 10.34% while stock markets rallied. The institutional investor held 10.22M shares of the public utilities company at the end of 2016Q4, valued at $211.64M, down from 11.45 million at the end of the previous reported quarter. Commonwealth Bank Of Australia who had been investing in Kinder Morgan Inc for a number of months, seems to be less bullish one the $43.67B market cap company. The stock increased 0.08% or $0.01 during the last trading session, reaching $19.55. About shares traded. Kinder Morgan Inc (NYSE:KMI) has risen 13.09% since July 18, 2016 and is uptrending. It has underperformed by 3.61% the S&P500.

Commonwealth Bank Of Australia, which manages about $8.17 billion US Long portfolio, upped its stake in Eversource Energy by 783,970 shares to 4.59 million shares, valued at $253.31M in 2016Q4, according to the filing. It also increased its holding in Alamos Gold Inc by 904,700 shares in the quarter, for a total of 3.45 million shares, and has risen its stake in General Electric Co (NYSE:GE).

Wall Street await Kinder Morgan Inc (NYSE:KMI) to release earnings on July, 19. Analysts forecast earnings per share of $0.16, up exactly $0.01 or 6.67 % from 2014’s $0.15 EPS. The expected KMI’s profit could reach $357.40 million giving the stock 30.55 P/E in the case that $0.16 earnings per share is reported. After posting $0.17 EPS for the previous quarter, Kinder Morgan Inc’s analysts now forecast -5.88 % negative EPS growth.

More notable recent Kinder Morgan Inc (NYSE:KMI) news were published by: Seekingalpha.com which released: “18 Months After Cut, A Review Of Kinder Morgan” on June 26, 2017, also Fool.com with their article: “2 Reasons Kinder Morgan Inc Is a Better Value Stock Than Enterprise Products …” published on July 01, 2017, Seekingalpha.com published: “Kinder Morgan: A Noteworthy Buy Signal Just Flashed” on July 13, 2017. More interesting news about Kinder Morgan Inc (NYSE:KMI) were released by: Fool.com and their article: “Kinder Morgan, Inc.’s Most Brilliant Moves in 2017 So Far” published on July 12, 2017 as well as Seekingalpha.com‘s news article titled: “Kinder Morgan: Dividend Sustainability and Growth Analysis” with publication date: July 07, 2017.

Kinder Morgan Inc (NYSE:KMI) Ratings Coverage

Among 20 analysts covering Kinder Morgan (NYSE:KMI), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Kinder Morgan has $44 highest and $14 lowest target. $25.94’s average target is 32.69% above currents $19.55 stock price. Kinder Morgan had 48 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Buy” on Tuesday, June 20. The stock of Kinder Morgan Inc (NYSE:KMI) has “Sector Perform” rating given on Tuesday, June 27 by RBC Capital Markets. The firm has “Overweight” rating by Barclays Capital given on Monday, July 18. The stock of Kinder Morgan Inc (NYSE:KMI) earned “Neutral” rating by Credit Suisse on Thursday, October 22. On Tuesday, October 4 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The firm has “Hold” rating by Jefferies given on Thursday, June 22. The stock has “Outperform” rating by Wolfe Research on Thursday, October 20. The stock of Kinder Morgan Inc (NYSE:KMI) earned “Outperform” rating by Credit Suisse on Thursday, October 20. Goldman Sachs maintained the stock with “Buy” rating in Sunday, August 16 report. The rating was downgraded by RBC Capital Markets on Wednesday, December 9 to “Sector Perform”.

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