Cortland Advisers LLC Cut Kinder Morgan Inc/De (KMI) Stake by $4.72 Million; Share Price Declined

February 13, 2018 - By Adrian Erickson

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.13, from 0.9 in 2017Q2. It worsened, as 70 investors sold KMI shares while 353 reduced holdings. 69 funds opened positions while 257 raised stakes. 1.31 billion shares or 2.89% more from 1.27 billion shares in 2017Q2 were reported. Envestnet Asset Mngmt reported 234,276 shares. Salient Capital Ltd Co holds 2.54% or 6.00 million shares. Ar Asset Mgmt invested in 1.1% or 144,850 shares. New York State Common Retirement Fund reported 5.12M shares or 0.13% of all its holdings. Veritable LP reported 496,826 shares or 0.2% of all its holdings. Fdx Advsrs holds 0.07% or 127,735 shares in its portfolio. Paradigm Limited Liability holds 0.75% or 77,361 shares in its portfolio. Canada Pension Plan Board has 0.07% invested in Kinder Morgan, Inc. (NYSE:KMI). Ftb Advisors Inc stated it has 185,258 shares. Sun Life Inc owns 14,171 shares. Millennium Management Limited Liability Corporation owns 0.08% invested in Kinder Morgan, Inc. (NYSE:KMI) for 2.72 million shares. Planning Limited Liability Com holds 0.1% or 13,520 shares. Moreover, Cipher Limited Partnership has 0.13% invested in Kinder Morgan, Inc. (NYSE:KMI). Carnegie Asset Ltd Limited Liability Company has 0.09% invested in Kinder Morgan, Inc. (NYSE:KMI) for 41,200 shares. Schwab Charles Management accumulated 0.11% or 6.59 million shares.

Cortland Advisers Llc decreased its stake in Kinder Morgan Inc/De (KMI) by 2.73% based on its latest 2017Q3 regulatory filing with the SEC. Cortland Advisers Llc sold 248,260 shares as the company’s stock declined 10.34% while stock markets rallied. The institutional investor held 8.86 million shares of the public utilities company at the end of 2017Q3, valued at $169.97M, down from 9.11 million at the end of the previous reported quarter. Cortland Advisers Llc who had been investing in Kinder Morgan Inc/De for a number of months, seems to be less bullish one the $38.04 billion market cap company. The stock decreased 0.32% or $0.055 during the last trading session, reaching $17.245. About 1.37 million shares traded. Kinder Morgan, Inc. (NYSE:KMI) has risen 13.09% since February 13, 2017 and is uptrending. It has underperformed by 3.61% the S&P500.

Cortland Advisers Llc, which manages about $2.18B US Long portfolio, upped its stake in Zions Bancorporation (NASDAQ:ZION) by 1.05M shares to 3.18M shares, valued at $150.01M in 2017Q3, according to the filing.

More notable recent Kinder Morgan, Inc. (NYSE:KMI) news were published by: Bizjournals.com which released: “5 things to know in Texas energy this week” on February 05, 2018, also Seekingalpha.com with their article: “Kinder Morgan: Not A Great Compounder” published on January 17, 2018, Seekingalpha.com published: “Kinder Morgan: Monopoly Expansion” on January 21, 2018. More interesting news about Kinder Morgan, Inc. (NYSE:KMI) were released by: Seekingalpha.com and their article: “Kinder Morgan: Understanding Why The Stock Is So Cheap” published on February 08, 2018 as well as Seekingalpha.com‘s news article titled: “Kinder Morgan: The Struggle Continues At Trans Mountain” with publication date: February 01, 2018.

Kinder Morgan, Inc. (NYSE:KMI) Ratings Coverage

Among 23 analysts covering Kinder Morgan (NYSE:KMI), 14 have Buy rating, 0 Sell and 9 Hold. Therefore 61% are positive. Kinder Morgan had 75 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Thursday, August 17. The rating was maintained by Barclays Capital on Monday, July 18 with “Overweight”. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, January 29. The stock of Kinder Morgan, Inc. (NYSE:KMI) has “Sector Perform” rating given on Wednesday, December 9 by RBC Capital Markets. The firm has “Hold” rating by Goldman Sachs given on Tuesday, October 17. The rating was maintained by BMO Capital Markets on Thursday, July 27 with “Buy”. Stifel Nicolaus downgraded the shares of KMI in report on Thursday, October 22 to “Hold” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, June 27. RBC Capital Markets maintained it with “Hold” rating and $2300 target in Thursday, July 20 report. Credit Suisse upgraded the stock to “Outperform” rating in Thursday, October 20 report.

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